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411 THIRD AVENUE - MLS® # R2515379

$4,998,800

   
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Property Details


Living Area
6,343 sqft.
Bedrooms
10
Bathrooms
11
Lot Size Area
17667 sq.ft.
Taxes
12710.97
Type
Other
Style
Basement
Year Built
1912

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.

Listing Provided By

The Firm Real Estate Services Ltd.

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The data relating to real estate on this web site comes in part from the MLS Reciprocity program of the Real Estate Board of Greater Vancouver. Real estate listings held by participating real estate firms are marked with the MLSR logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver. Copyright 2021 by the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Chilliwack and District Real Estate Board, BC Northern Real Estate Board, and Kootenay Real Estate Board. All Rights Reserved.

REBGV

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CONTACT

 Real Estate Listing provided by
  • Name:
    Renee Pelland
  • Phone:
    604-720-1581
  • Email:
    renee.pelland@century21.ca
  • Address
    • Century 21 In Town Realty, 421 Pacific St
    • Vancouver, BC
    • V6Z 2P5

RENÉE PELLAND

Vancouver REALTOR®️ & Property Manager specializing in
residential sales,
investment properties,
and luxury homes

CONTACT

604-720-1581

renee.pelland@century21.ca

Century 21 In Town Realty, 421 Pacific St, Vancouver, BC, V6Z 2P5, Canada

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