411 THIRD Avenue
Queens Park
New Westminster
V3L 2S3
$4,880,000
Land Commercial, Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Land Commercial, Multi-Family Commercial
- MLS® Num:
- C8061067
- Build. Type:
- Low Rise (2-4 stories)
- Photos (4)
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**COURT ORDERED SALE** Located in New Westminster's esteemed Queens Park area, this 11-unit property presents a stellar investment opportunity at a 5.41% CAP rate with significant redevelopment potential. Offering a mix of studios and one-bedroom apartments, along with a separate five-stall garage, the building is well-suited for long-term holdings. With the possibility to construct an accessory dwelling, this property offers potential for future income increases. Tenants are responsible for their own utilities, contributing to low operational costs. Key upgrades include a new roof in 2006, updated electrical, and plumbing systems. This property is an ideal acquisition for investors seeking stable returns and growth in a prime location or developers looking for a stable income asset with infill development potential
- Sale Type:
- Asset
- Construction:
- Wood Frame, Mixed
- Building Type:
- Low Rise (2-4 stories), Residential Mix, Multiple Tenant/Multi-Plex (5+)
- # of Appartments:
- 11
- Total Floor Area:
- 6,373 sq. ft.592.07 m2
- Lot Area:
- 17,899.08 sq. ft.1,662.88 m2
- Land Use/Zoning:
- RS-4
- Permitted Use:
- Residential
- Taxes:
- $12,819.49 / 2023
- Balconies, Outside Storage, Secured Parking, Fenced Yard
- Services Connected:
- Electricity, Garbage Collection, Lane, Lane Paved, Paved Streets, Telephone, Street Lighting, Sidewalk
- Water Supply:
- Municipal
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- Yes
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Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated July 16, 2024 at 03:10 AM (UTC)
- ТANYA URBAN
- TEAM 3000 REALTY LTD.
- 1 (604) 807-6039
- Contact by Email
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