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411 3 AVE

New Westminster, BC, V3L 1M6
MLS® #: R2431138
Fraser Elliott, RE/MAX Progroup Realty

$5,288,800

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Estimated Mortgage Payment: $23991.54/mo 

10 bed|11 bath|6760 sqft

Date Listed: Fri, Jan 24, 2020

Property Tax: $12,711 (2019)

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411 3 AVE

New Westminster, BC, V3L 1M6
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$5,288,800

10 bed|11 bath|6760 sqft

Estimated Mortgage Payment: $23991.54/Monthly

MLS® #: R2431138
Fraser Elliott, RE/MAX Progroup Realty

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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, 9,800+ 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

Details

Property Type: Multi-Family
Property Tax: $12,711 (2019)
Fees: N/A
Last Updated: Fri, February 21, 2020
Community: Queens Park
Title: Freehold NonStrata

Key Facts

MLS® #: R2431138
Ownership-Type: N/A
Year Built: 1912
sqft: 6760 SQFT
Date Listed: Jan 24, 2020
Lot Size: 97.00 X 175
Occupancy: N/A
Subdivision: Queens Park
Dwelling Type: Other
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PH: (604) 728-2845

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NOTE: 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. This website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2020 Real Estate Board of Greater Vancouver. All Rights Reserved.

Data was last updated: Friday, February 21, 2020, 4:13:52 AM
Agent's profile picture
PH: (604) 728-2845

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NOTE: 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. This website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2020 Real Estate Board of Greater Vancouver. All Rights Reserved.

Data was last updated Friday, February 21, 2020 at 4:13:52 AM