411 THIRD AVENUE

Other For Sale in Queens Park, New Westminster

$4,998,800
  • 10 Beds
  • 11 Baths
  • 6,343 Sq. Ft.
  • Built 1912
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.
Address 411 THIRD AVENUE
List Price $4,998,800
Property Type Multifamily
Type of Dwelling Other
Style of Home Other
Area New Westminster
Sub-Area Queens Park
Bedrooms 10
Bathrooms 11
Floor Area 6,343 Sq. Ft.
Lot Size 17667 Sq. Ft.
Year Built 1912
MLS® Number R2515379
Listing Brokerage The Firm Real Estate Services Ltd.
Basement Area Full, Fully Finished
Postal Code V3L 2S3
Zoning RS-1
Tax Amount $12,711
Tax Year 2019
Site Influences Central Location, Shopping Nearby
Features Refrigerator, Stove
Amenities Shared Laundry

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Adam Chahl

Oakwyn Realty

1286 Homer Street Vancouver British Columbia V6B 2Y5

Office: (604) 800-8710

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