Address
411 THIRD AVENUE New Westminster, BC
Price
$ 5,288,800
Property Attributes
  • ML#R2431138
  • TypeSingle Family
  • CityNew Westminster
  • Postal CodeV3L2S3
  • Style
  • 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 (id:7434)

General Features

Ammenities Shopping
Building Amenities Shared Laundry
Building Appliances Refrigerator, Stove
Building Basement Features Unknown
Features Central location
Moreinformationlink https://www.realtor.ca/real-estate/21492753/411-third-avenue-new-westminster
Property Type Single Family

Interior Features

Basement Development Finished
Basement Type Full (Finished)
Building Fireplace Present False

Exterior Features

Land Amenities Shopping

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


The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. Data last updated on August 5, 2020 1:25 AM. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Data last updated on August 5, 2020 1:25 AM. The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA®) and identify the quality of services provided by real estate professionals who are members of CREA®

This REALTOR.calisting content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Property vs Postal Code Average in V3L2S3

Price
AVG $1.94M
$5.29M
Visits
AVG 5
7
Year Built
AVG 1976
1912