411 Third Avenue, New Westminster, BC

  • 10 beds
  • 11 baths
  • 6,343 sqft
  • lot size: 17,667 sqft
  • 1912 built
  • R2515379

$4,998,800

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Secondary Information

General Info

Status
Active
Sub-Area
Queens Park
Area
New Westminster
City
New Westminster
Province
BC
Taxes
$12,711 / 2019
Property Type
Other

Additional Info

Amenities
Shared Laundry
Features Included
Refrigerator
Stove
SIZE: 6,343 sqft TAXES (2019): $12,711
MLS®: R2515379
TYPE: Other $/Sq.Ft: 788
SUBAREA: Queens Park

Description

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.

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Listing Courtesy of The Firm Real Estate Services Ltd.
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