Address
411 THIRD AVENUE New Westminster, BC
Price
$ 5,288,800
Property Attributes
  • MLS#R2431138
  • TypeMulti-Family
  • CityNew Westminster
  • AreaGreater Vancouver
  • NeighbourhoodQueens Park
  • Postal CodeV3L2S3
  • StyleMultifamily
  • Year Built1912
  • Taxes12710
  • Price$ 5,288,800
  • Bedrooms10
  • Full Bathrooms11
  • Half Bathrooms0
  • Sqr Footage6343
  • Lot Size0.41 Acres
Listing Provided Courtesy Of:
The Firm Real Estate Services Ltd.
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

Price History
1/27/2020 Listed $5,288,800

General Features

Garage no
Listing Type House
Neighbourhood Queens Park
Parking no
Property Sub Type Multifamily
Terms SALE
Type of Dwelling Other
Wheel Chair Access no

Interior Features

Bedrooms 10
Beds 10
Fireplace no
Total Baths 11

Exterior Features

Building Style Other
Lot Frontage 97.00
Lot Size 17667.00
Pool Y/N no

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • 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 $12,710
$12,710
Visits
AVG 68
146
Year Built
AVG 1912
1912
Walkscore
AVG 78
78
Data Provided by Walkscore ® not using MLS data

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