Multi-family for sale
217 Royal Avenue, Queens Park, New Westminster
$4,990,000
$4,990,000
Multi-family for sale
217 Royal Avenue, Queens Park, New Westminster
Features
Year Built
1961
Floor Area
11,347 sqft
Lot Size
8,873 sqft
Gross Property Tax
$17,305.26 /year
Building Type
Freestanding, Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Zoning
RM2
Subject Property Width
54.2 ft
Subject Property Depth
163 ft
Amenities
Balconies, Laundry Facility, Paved Yard, Fenced Yard
Suite Mix Information
17 x 1 ½
Total no. of Units
19
Description
DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity in future. This 4-Storey multi-family building located in vibrant Queens Park with stunning Panoramic River Views from south exposure. There are 19 1-bedroom units include 2 penthouse suites with free parking in back yard, well maintained for a cozy and quiet living atmosphere, hardwood floor, 7 years' old boiler. Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL–HIGH RISE), potential for high density residential development. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College, you name it. Walk Score: 80/Very Walkable. School catchment: Qayqayt Elementary and New Westminster Secondary. Great opportunity for developers & investors. Do not walk through property, do not bother occupants! Call to inquire.
MLS® Number C8052084