UNBEATABLE INVESTMENT OPPORTUNITY WITH REDEVELOPMENT POTENTIAL! 11-unit multifamily building in prime Queens Park location in New Westminster. Large land parcel (17,667 sq.ft), 9,800+ sq.ft of living area, non-heritage status, 10 self contained suites (Four studios and Six 1 bdrms), plus one caretaker suite (studio), as well as a separate five stall garage building. Separately metered for all utilities, hydro, gas, cable. Low maintenance costs of approx 10% of gross income. Current residential zoning = low property tax. Queens Park OCP 2041 proposes medium density transition zone. Unique site with 3 laneways converging at rear of property allowing for strategic redevelopment access points. Updated throughout incl new roof in 2006, newer high efficiency boiler system, all electrical and copper piping done in 1990's, clean environmental phase 1 recently completed. Approx. $200,000 of NET INCOME. Priced at 3.8% cap rate.
411 Third Ave,
Jan 24, 2020
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This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
This home is serviced by Herbert Spencer Elementary. The property is located 1.25 km from the school. Herbert Spencer Elementary has a rating of 8/10. This home is also serviced by New Westminster Secondary. The home is located 2.03 km from school. New Westminster Secondary has a rating of 7/10.
The closest elementary independent school with good rating is Our Lady of Mercy. The School's rating is 10/10 and it is located 2.90 km from 411 Third Ave, New Westminster, BC - V3L 2S3, C8030227.
The closest Secondary Private School with good rating is St Thomas More Collegiate. The School's rating is 10/10. The school is located 3.15 km from this home for sale.
The closest Skytrain/Railway station is Skytrain @ Columbia Stn on Millennium Skytrain line in 1.25 km from this home.
This New Westminster home for sale is in the neighbourhood with a Very high amount of rented dwellings. %66.7 of all dwellings are currently occupied by renters. Average gross rent is $678 which is Low compared to the local average.
411 Third Ave, New Westminster, BC - V3L 2S3,C8030227 is situated in New Westminster, New Westminster. 84.4% are Canadian Citizens in this neighbourhood, which is Very high in comparison to local rate.
This 411 Third Ave home for sale is located in the neighbourhood where 2% of the population does not know official languages. This is a percentage in comparison to the Metro Vancouver and Fraser Valley average.
The median age of population near the 411 Third Ave home for sale 411 Third Ave, New Westminster, BC - V3L 2S3 is 40.7. Which is Average in comparison with the local average.
411 Third Ave, New Westminster property for sale is situated in the area with a Very high percentage of singles, 60.2%.
Average number of families with children near C8030227 is 0.8 which is Average in comparison with British Columbia
MLS Listing for sale C8030227 is in the New Westminster, New Westminster where 34.5% of the population are immigrants. It is a Very low number compared to BC average.
The closest daycare without violation is Ready Set Grow Daycare. MLS® C8030227 is located in 1.15km from this daycare.
for sale 411 Third Ave, New Westminster, BC - V3L 2S3,C8030227 is situated in Queens Park in New Westminster.
The Average Price for this kind of homes is 0.00% than similar homes in the city and 0.00% than similar properties in the neighbourhood.
Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. Information regarding school boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school or school system.
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John Robson Elementary
Herbert Spencer Elementary
Lord Kelvin Elementary
F W Howay Elementary
Twelfth Avenue Elementary
Our Lady of Mercy
John Knox Christian School
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