Address
411 Third Avenue New Westminster, BC
Price
$ 5,288,800
Property Attributes
  • MLS#R2431138
  • TypeMulti-Family
  • RegionBRITISH COLUMBIA
  • CityNew Westminster
  • AreaNew Westminster
  • NeighbourhoodQueens Park
  • Postal CodeV3L2S3
  • Style
  • Year Built1912
  • Taxes12710
  • Price$ 5,288,800
  • Bedrooms10
  • Full Bathrooms11
  • Half Bathrooms0
  • Sqr Footage6343
  • Lot Size0.41 Acres
Listing Provided Courtesy Of:
RE/MAX Progroup Realty
Property Description

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

General Features

Age 108
Sub-area/community Queens Park
Type of Dwelling Other
Year Built 1912

Interior Features

Floor Area -grand Total 6343
Floor Area Fin - Main Flr 3345

Exterior Features

Lot Length 175
Lot Size Area 0.41
Lot Sz (hectares) 0.16
Lot Sz (sq.ft.) 17667.00
Lot Sz (sq.mtrs.) 1641.32
Lot Width 97.00

Amenities

  • Views
  • New Construction
  • Adult
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V3L2S3

Price
AVG $5.29M
$5.29M
Taxes
AVG $6,355
$12,710
Visits
AVG 17
55
Year Built
AVG 1912
1912
Walkscore
AVG 78
78
Data Provided by Walkscore ® not using MLS data