Queens Park, New Westminster

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411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2515379

411 THIRD Avenue New Westminster V3L 2S3 : Queens Park

Main Photo: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2515379
$4,998,800
Prop. Type:
Multifamily
MLS® Num:
R2515379
Status:
Active
Bedrooms:
10
Bathrooms:
11
Year 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.
Property Type:
Multifamily
Dwelling Type:
Other
Home Style:
Year built:
1912 (Age: 109)
Total area:
Switch units of measure6,343 sq. ft.
Total Floor Area:
Switch units of measure6,343 sq. ft.
Total unfinished area:
Switch units of measure
Main Floor Area:
Switch units of measure3,345 sq. ft.
Floor Area Above Main:
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Floor Area Below Main:
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Basement Area:
Switch units of measure
No. Floor Levels:
2.0
Rainscreen:
Bedrooms:
10 (Above Grd: 10)
Bathrooms:
11.0 (Full:11/Half:0)
Kitchens:
Rooms:
Taxes:
$12,710.97 / 2019
Lot Area:
Switch units of measure17,667 sq. ft.
Lot Frontage:
Switch units of measure97'
Lot Depth:
175
Exposure / Faces:
Rear Yard Exposure:
Outdoor Area:
Pad Rental:
Water Supply:
Heating:
Construction:
Foundation:
Basement:
Full, Fully Finished
Full Height:
Crawl Height:
Roof:
Floor Finish:
Fireplaces:
5
Fireplace Details:
Parking:
Parking Total/Covered:
5 / 5
Parking Access:
Exterior Finish:
Title to Land:
Freehold NonStrata
Flood Plain:
# Bachelor Units:
# 1Bdrm Units:
# 2Bdrm Units:
# 3Bdrm Units:
# Other Units:
Income as at Date:
Income Per Annum:
Oper. Expenses:
Net Operating Income:
Refrigerator, Stove
Shared Laundry
Dist to Public Trans:
Dist to School Bus:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Cats:
Dogs:
Units in Development:
Sprinklers:
Smoke Detectors:
Services Connected:
Plumbing Details:
Previous Price:
Original Price:
Listed by The Firm Real Estate Services Ltd.
Data was last updated January 18, 2021 at 04:05 PM (UTC)
DAVE  VALLEE
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