Other Plex for sale

411 Third Avenue, Queens Park, New Westminster

$4,998,800 or
$4,998,800 or

Other Plex for sale

411 Third Avenue, Queens Park, New Westminster

Features

30 rooms
10 bedrooms
11 bathrooms
262537006 4998800 /en/other-plex~for-sale~queens-park-new-westminster/262537006?view=Summary /en/other-plex~for-sale~queens-park-new-westminster/262537006/photos 49.2130400000 -122.9130800000 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)
Additional Features
Refrigerator, Stove
77

Description

UNBEATABLE INVESTMENT OPPORTUNITY! 11-unit multifamily building in prime Queens Park location in New Westminster. 17,667 sq.ft of land, nearly 10,000 sq.ft of living area, 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. 3 laneways converging at rear of property. Updates incl new roof in 2006, newer HE boiler system, all electrical & copper piping done in 90's, clean environmental phase 1. Approx $213,000 of NET INCOME. Priced at a 5.45% cap rate. Currently accepting best offers over list price. 2020 AACI conservatively appraised at $4.7M. Clean Quick closing offers are given First priority.
MLS® Number R2515379

Listing REALTOR®

Fraser Elliott, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Fraser Elliott

REALTOR®, Personal Real Estate Corporation

The Firm Real Estate Services Ltd.

The Firm Real Estate Services Ltd.,

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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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