26,387

MLS® Number R2412217

Other Plex For sale

$4,600,000 or

411 Third Avenue, Queens Park, New Westminster

Features

28 rooms 6 bedrooms 8+0 bathrooms/half baths
262433844 4600000 /en/other-plex~for-sale~queens-park-new-westminster/262433844?view=Summary /en/other-plex~for-sale~queens-park-new-westminster/262433844/photos 49.2130265000 -122.9131051000 true
Style Other
Year Built 1912
Floor Area 8,260 sqft
Lot Size 17,667 sqft
Lot Frontage 97 ft
Parking Spaces 5
Features Clothes Washer/Dryer, Refrigerator, Stove
Amenities Shared Laundry
Property Taxes $12,710 (2019)

Description

EXCELLENT HOLDING PROPERTY FOR FUTURE DEVELOPMENT, PRIME LOCATION IN QUEENS PARK. 11 UNIT APARTMENT BUILDING. Trophy property, large land parcel and all three lanes of the block converge to this site, non-heritage, legal 10 suites, all self contained, plus one additional suite and separated metered for all utilities, hydro, gas, cable. Additional separated building with 5 bay garage with good revenue as well. Benchmark property with excellent revenue and yet much less entry cost, excellent cape rate with future development upside. Recent Queens Park OCP 2041 proposed for medium density transition zone towards 6th St. high rise zoning. Newer high efficiency Super Hot smart boiler system, all electrical and copper piping done in 1990's, clean environmental phase 1 recently completed.
Victor Kwan

Victor Kwan

RE/MAX Select Properties

RE/MAX Select Properties

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4,600,000
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Estimated property transfer tax

1% of $200,000
2% of remaining value up to and including $2,000,000
3% of remaining portion over $2,000,000
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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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