Multi-family for sale
52 Royal Avenue, Downtown NW, Downtown NW, New Westminster
$9,588,000
Features
Year Built
1962
Floor Area
17,730 sqft
Lot Size
17,439 sqft
Gross Property Tax
$23,277.58 /year
Building Type
Low Rise (2-4 storeys)
Zoning
RM2 - OCP MIDRISE
Subject Property Width
132 ft
Subject Property Depth
132 ft
Suite Mix Information
14 x 1 ½, 8 x 2 ½
Total no. of Units
22
Description
Prime Location 22-Unit Multi-Family Apartment Building in Transit-Oriented Development (TOA) Zone –Exceptional Redevelopment Opportunity. Desirable Transit-Oriented Development site with easy access to Skytrain, bus routes, transit hubs, parks, shopping, restaurants, schools, community centre, ice rink, and pool, this established 22-unit multi-family apartment building delivers strong, consistent rental income from its current tenant base. Spanning a generous lot size. The property offers exceptional redevelopment potential. Ideal for Visionary Investors and Developers seeking to capitalize on zoning advantages, proximity to premium amenities, and transit connectivity. Available for purchase as a strategic assembly with 57 Agnes St and 76 Coburg St, unlocking expanded scale and value-add possibilities. Do not disturb tenants – showings by appointment only to qualified buyers. Contact for financials
MLS® Number C8076610