About This Property
Prime Multi-Family Site in Terrace, BC - Seize the LNG Boom! This 1.42-acre R4 zoned corner lot is ready to build a low-rise condominium, townhouses, or community care facility, in Northwest BC's growth hub. Just a few blocks away from the new 284,500 sq ft Ksyen Regional Hospital and Ecole Jack Cook school. Quick Highway 16 access and a 5 min drive to downtown, Skeena Mall, Safeway and 10 min to the airport. Terrace is at the epicenter of Canada's LNG export revolution, with economic momentum spilling over from nearby Kitimat and Prince Rupert. LNG Canada's first cargo shipped from Kitimat on June 30, 2025, catapulting Canada onto the global stage - backed by Phase 2's $33B expansion to double capacity to 28M tonnes/year, creating over 50,000 construction jobs and $13M+ in local community investments for Kitimat and Terrace. Additionally, the newly approved $10B Ksi Lisims LNG project near Prince Rupert is projected to create up to 77,000 regional jobs, intensifying housing demand. (id:64973)
At $1,450,000 for 1.42 acres, this vacant land in Terrace represents a compelling value proposition at $24.11 per square foot, well below the city's average for multi-family development sites. Given the property's strategic location near the new regional hospital and easy highway access, this would be an ideal acquisition for a developer seeking to capitalize on Terrace's economic growth driven by the LNG industry.
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