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  • Price$5,288,800
  • Beds10
  • Baths11
  • Sq. Ft.6,343
  • Acres0.41
  • Built1912

411 Third Avenue, New Westminster

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

Essential Information

  • MLS® #R2431138
  • Price$5,288,800
  • Bedrooms10
  • Bathrooms11.00
  • Full Baths11
  • Square Footage6,343
  • Acres0.41
  • Year Built1912
  • TypeMulti-Family
  • Sub-TypeOther
  • StatusActive

Listing Details

  • Listing Office:The Firm Real Estate Services Ltd.

Community Information

  • Address411 Third Avenue
  • AreaNew Westminster
  • SubdivisionQueens Park
  • CityNew Westminster
  • StateBC
  • Zip CodeV3L 2S3
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Listing information last updated on July 13th, 2020 at 4:45pm CDT.