Address
411 THIRD AVENUE New Westminster, BC
Price
$ 4,998,800
Property Attributes
  • MLS#R2515379
  • TypeMulti-Family
  • CityNew Westminster
  • AreaGreater Vancouver
  • NeighbourhoodQueens Park
  • Postal CodeV3L 2S3
  • StyleMultifamily
  • Year Built1912
  • Taxes12710
  • Price$ 4,998,800
  • 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! 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.

Price History
11/6/2020 Listed $3,988,800

General Features

Beds 10
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
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 55+
  • 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 V3L 2S3

Price
AVG $5M
$5M
Taxes
AVG $12,710
$12,710
Visits
AVG 118
161
Year Built
AVG 1912
1912
Walkscore
AVG 77
77
Data Provided by Walkscore ® not using MLS data

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New Westminster

$4,998,800

Type
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Size
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Rooms
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