Multi-family for sale

101-408 425 Twelfth Street, Uptown NW, New Westminster

$11,000,000 or
$11,000,000 or

Multi-family for sale

101-408 425 Twelfth Street, Uptown NW, New Westminster

Features

Lifestyle
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Floor Area
16,586 sqft
Lot Size
16,586 sqft
Gross Property Tax
$1,049.18 /year
Building / Complex Name
Cypress Steps
Zoning
RM-4
Suite Mix Information
22 x 1 ½, 12 x 2 ½
87

Description

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Cypress Steps, a rarely offered, stratified apartment building in the heart of New Westminster. Originally constructed in 1999, Cypress Steps presents investors with a unique opportunity to acquire a condo-quality investment property of scale, comprised of a total of 34 units, and boasting an attractive suite mix of 22-1 bedrooms and 12-2 bedrooms. All suites offer a full appliance package including dishwasher and in-suite laundry along with open concept layouts, gas fireplaces and electric baseboard heating. Situated in the quiet and quaint neighbourhood of Kelvin, the Property is just a short walk to Moody Park which offers numerous outdoor amenities, meanwhile tenants enjoy immediate access to 6th Avenue and Stewardson Way, allowing easy connectivity to neighbouring municipalities.
MLS® Number C8060043

Listing REALTORS®

James Blair, REALTOR<sup>®</sup>, Personal Real Estate Corporation

James Blair

REALTOR®, Personal Real Estate Corporation

Marcus & Millichap

Patrick Mcevay, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Patrick Mcevay

REALTOR®, Personal Real Estate Corporation

Marcus & Millichap

Adam Herman, REALTOR<sup>®</sup>

Adam Herman

REALTOR®

Marcus & Millichap

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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