Address
411 Third Avenue New Westminster, BC
Price
$ 4,998,800
Property Attributes
  • MLS#R2515379
  • TypeMulti-Family
  • CityNew Westminster
  • AreaNew Westminster
  • NeighbourhoodQueens Park
  • Postal CodeV3L 2S3
  • Style
  • 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.
Data Source:
REAL ESTATE BOARD OF GREATER VANCOUVER
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.

General Features

Age 108
Stories 2
Sub-area/community Queens Park
Title to Land Freehold NonStrata
Type of Dwelling Other
Year Built 1912

Interior Features

Floor Area -grand Total 6343
Floor Area Fin - Main Flr 3345

Exterior Features

Public Remarks 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
Lot Length 175
Lot Size Area 0.41
Lot Sz (hectares) 0.16
Lot Sz (sq.ft.) 17667.00
Lot Sz (sq.mtrs.) 1641.32
Lot Width 97.00

Amenities

  • Views
  • 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 307
225
Year Built
AVG 1912
1912
Walkscore
AVG 77
77
Data Provided by Walkscore ® not using MLS data