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$5,288,800
411 Third Avenue, New Westminster, BC V3L 2S3
10 Beds
11 Baths
6,343 sqft

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UNBEATABLE INVESTMENT OPPORTUNITY W/ REDEVELOPMENT POTENTIAL! 11-unit multifamily building in prime Queens Park location in New Westminster. 17,667 sq.ft of land, 6,373 sq.ft of living area, non-heritage status, 10 self contained suites (Four studios & Six 1 bdrms), plus one caretaker suite (studio), plus separate five stall garage building. Separately metered for all utilities. Low maintenance costs of approx 10% of gross income. Low property tax. Queens Park OCP 2041 proposes medium density transition zone. 3 laneways converging at rear of property allows for strategic redevelopment access points. Updates incl new roof in 2006, newer HE boiler system, all electrical & copper piping done in 90's, clean environmental phase 1. Approx $200,000 of NET INCOME. Priced at 3.8% cap rate
  • Price:
  • $5,288,800
  • Bedrooms:
  • 10
  • Full Baths:
  • 11
  • Square Footage:
  • 6,343
  • Acreage:
  • 0.41
  • Year Built:
  • 1912
  • Listing ID #:
  • R2431138
  • Street Address:
  • 411 Third Avenue
  • City:
  • New Westminster
  • Province:
  • British Columbia
  • Postal Code:
  • V3L 2S3
  • Community:
  • New Westminster
  • Subarea:
  • Queens Park
  • Listing Status:
  • Active
  • Age Of Dwelling:
  • 108
  • Stories:
  • 2
  • Total Building Square Footage:
  • 6343
  • Year Built:
  • 1912
  • Lot Square Footage:
  • 17667.00
  • Title Type:
  • Freehold Nonstrata
  • Property Taxes:
  • $12,710
  • Tax Year:
  • 2019
  • Listing Provided By The Firm Real Estate Services Ltd.
  • VANCOUV

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