Multi-family for sale
411 Third Avenue, Queens Park, New Westminster
$5,880,000
$5,880,000
Multi-family for sale
411 Third Avenue, Queens Park, New Westminster
Features
Floor Area
6,373 sqft
Total Space Avail. For Lease (Rent)
6373 sqft
Lot Size
17,667 sqft
Gross Property Tax
$13,066.83 /year
Building Type
Low Rise (2-4 storeys), Residential Mix, Mul Tenant/MultiPlex (5+)
Zoning
RS-4
Amenities
Balconies, Outside Storage, Secured Parking, Fenced Yard
Description
Located in New Westminster's esteemed Queens Park area, this 11-unit property presents a stellar investment opportunity with significant redevelopment potential. Offering a mix of studios and one-bedroom apartments, along with a separate five-stall garage, the building is well-suited for long-term holdings. With the possibility to construct an accessory dwelling, this property offers potential for future income increases. Tenants are responsible for their own utilities, contributing to low operational costs. Key upgrades include a new roof in 2006, updated electrical, and plumbing systems. This property is an ideal acquisition for investors seeking stable returns and growth in a prime location or developers looking for a stable income asset with infill development potential.
MLS® Number C8054378