Other Plex for sale

411 Third Avenue, Queens Park, New Westminster

$5,288,800 or

Fraser Elliott REALTOR®, Personal Real Estate Corporation RE/MAX Progroup Realty Contact me

$5,288,800 or

Other Plex for sale

411 Third Avenue, Queens Park, New Westminster

Features

30 rooms
10 bedrooms
11 bathrooms
262452765 5288800 /en/other-plex~for-sale~queens-park-new-westminster/262452765?view=Summary /en/other-plex~for-sale~queens-park-new-westminster/262452765/photos 49.2130265000 -122.9131051000 true
Style
Other
Year Built
1912
Floor Area
6,343 sqft
Lot Size
17,667 sqft
Lot Frontage
97 ft
Parking Spaces
5
Amenities
Shared Laundry
Property Taxes
$12,710 (2019)
Features
Refrigerator, Stove
84

Description

UNBEATABLE INVESTMENT OPPORTUNITY W/ REDEVELOPMENT POTENTIAL! 11-unit multifamily building in prime Queens Park location in New Westminster. 17,667 sq.ft of land, 6,373 sq.ft of living area, non-heritage status, 10 self contained suites (Four studios & Six 1 bdrms), plus one caretaker suite (studio), plus separate five stall garage building. Separately metered for all utilities. Low maintenance costs of approx 10% of gross income. Low property tax. Queens Park OCP 2041 proposes medium density transition zone. 3 laneways converging at rear of property allows for strategic redevelopment access points. Updates incl new roof in 2006, newer HE boiler system, all electrical & copper piping done in 90's, clean environmental phase 1. Approx $200,000 of NET INCOME. Priced at 3.8% cap rate
MLS® Number R2431138

Fraser Elliott REALTOR®, Personal Real Estate Corporation RE/MAX Progroup Realty Contact me

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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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