423 Sixth Street offers the opportunity to acquire a three-storey multi-family revenue property in the heart of New Westminster. The property generates over $200,000 in annual gross income and is designated for future higher-density redevelopment. Built in 1890, the home sits on a 9,801 sq. ft. lot (zoned C-2) and features five self-contained authorized suites on the upper floors and a basement generating additional revenue from unauthorized rentals. The property contains five parking stalls for tenants as well as two garage units that are currently rented out as storage. The property is designated Mixed Use – Low Rise under the New Westminster Official Community Plan (OCP), which allows for the construction of a medium density mixed-use building.
Address
423 Sixth Street
List Price
$2,850,000
Property Type
Residential Income
Type of Dwelling
Other
Structure Type
Multi Family
Transaction Type
sale
Area
New Westminster
Sub-Area
Queens Park
Bedrooms
5
Bathrooms
5
Floor Area
4,547 Sq. Ft.
Main Floor Area
1995
Lot Size
9801 Sq. Ft.
Lot Size Dimensions
66 x 148.00
Lot Size (Acres)
0.23 Ac.
Lot Features
Lane Access, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
4547
Frontage Length
66
Year Built
1890
MLS® Number
R3031165
Listing Brokerage
Dexter Realty
Basement Area
Full
Postal Code
V3L 3B1
Zoning
C-2
Ownership
Freehold NonStrata
Parking
Other, Front Access, Concrete
Parking Places (Total)
5
Tax Amount
$10,593.89
Tax Year
2024
Site Influences
Lane Access, No Outdoor Area, Recreation Nearby
Exterior Features
No Outdoor Area
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard, Electric, Hot Water
Other Structures
Shed(s)
Levels
Two
Number Of Floors In Property
2
Window Features
Window Coverings
Security Features
Fire Sprinkler System, Smoke Detector(s)
Login To View 61 Additional Details On 423 Sixth Street
Get instant access to more information (such as room sizes) with a free account.
Already have an account? Login
