411 Third Avenue, New Westminster, BC

Residential, House

  • $5,288,800
  • 10 BEDS
  • 11 BATHS
  • 6,343 sq.ft. Home
  • 411 Third Avenue, New Westminster, BC
  • 10 BEDS
  • 11 BATHS
  • 6,343 sq.ft. Home
  • $5,288,800

Key Facts

  • MLS ID: R2431138
  • Property Type: Residential, House
  • Living Space: 6,343 sq.ft.
  • Lot Size: 17,667.02 sq.ft.
  • Year Built: 1912
  • Bedrooms: 10
  • Bathrooms: 11
  • Other Taxes 2019: $12,711
  • Approximate Age: 108
  • Listed By:
  • 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

Request More Information

*Showing requires confirmation from agent.

Location

Payment Calculator

mo.* estimated monthly payment based on:
  • $
  • %$
  • %
  • Principal and Interest 0
  • Property Taxes 0
  • Yearly Condo Fees 0
* This payment calculator’s purpose is to provide a rough estimate for planning and educational purposes only. It should not be used as your sole source of information for financial planning purposes. This tool does not offer a loan nor does it solicit your information, it is also not financial or legal advice. Please contact a qualified professional for your financial advice. No responsibility or liability whatsoever can be accepted by Sotheby’s International Realty Canada or Sotheby’s International Realty Affiliates for any loss or damage resultant from any use of, reliance on or reference to the contents of this payment calculator.

Similar PropertiesSee All Simliar Properties

This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. Copyright 2020 by the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Chilliwack and District Real Estate Board, and BC Northern Real Estate Board. All Rights Reserved.
Home/British Columbia/Greater Vancouver/New Westminster/MLS R2431138