411 Third Avenue New Westminster, British Columbia V3L 2S3

6373 sqft


UNBEATABLE INVESTMENT OPPORTUNITY! 11-unit multifamily building in prime Queens Park location in New Westminster. 17,667 sq.ft of land, nearly 10,000 sq.ft of living area, 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. 3 laneways converging at rear of property. Updates incl new roof in 2006, newer HE boiler system, all electrical & copper piping done in 90's, clean environmental phase 1. Approx $213,000 of NET INCOME. Priced at a 5.45% cap rate. Currently accepting best offers over list price. 2020 AACI conservatively appraised at $4.7M. Clean Quick closing offers are given First priority. (id:33040)

Property Details

MLS® Number C8035107
Property Type Multi-family


Constructed Date 1912
Fireplace Present No
Size Interior 6373 Sqft


Acreage No
Size Irregular 17667
Size Total 17667 Sqft
Size Total Text 17667 Sqft
Zoning Description Rs-1



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