EstateBlock Realty

 411 Third Ave, New Westminster, BC - V3L 2S3 for Sale | MLS® R2431138 | Movety

List Price
$5,288,800
Total Bedroom
10
Total Bathrooms
11
Total Floor Area
(Sq.ft)
6,343
 
Lot Sz ( Sq.ft)
17,667
Maint. Fee
-
Gross taxes
$12,711 (2019)
Property Type
Multifamily
Type of Dwelling
Other
Year Built
1912
List Date
Jan 24, 2020

Listed by
The Firm Real Estate Services Ltd.



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Property 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

Property Information

Address
411 Third Ave,
List Price
$5,288,800
List Date
Jan 24, 2020

Strata Maint. Fee
-
Gross taxes
$12,711 (2019)
Total Baths
11
   Half Baths
-
   Full Baths
11
Total Bedrooms
10
Lot Sz (Acres)
0.41
Lot Sz (Sq.ft)
17,667
View
No
View - Specify
-
WaterFront
No
Ownership Type
Freehold NonStrata
Garage
No
Fireplace Features
-
Cooling
No
Property Type
Multifamily
Type of Dwelling
Other
Style of Home
-
Approx Year Built
1912
Age
108
Floor Area Total (Sq.ft)
6,343
Basement Area
-
Frontage
-
MLS® Number
R2431138
Postal Code
V3L 2S3
Sub-Area Community
Queens Park
Area
New Westminster
Province
BC
Zoning
-
Parking
No
Fireplaces
-
Fireplace Fuel
-
Community Features
-
Listed By

The Firm Real Estate Services Ltd.

MLS Reciprocity 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, R2431138.

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,R2431138 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 R2431138 is 0.8 which is Average in comparison with British Columbia

MLS Listing for sale R2431138 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® R2431138 is located in 1.15km from this daycare.

Other for sale 411 Third Ave, New Westminster, BC - V3L 2S3,R2431138 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.

Maps & Views

Demographics
Crime Rate
Schools
Daycares
Transit
Climate
Places
Close

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.

School Name Type Grades Avg. Numeracy
Score
Avg. Writing
Score
Avg. Reading
Score
EstateBlock
Rating
Distance
Home Learners Program Public K-9 582 659 552 10 0.26 km
Urban Academy Independent K-11 531 637 556 9 0.79 km
John Robson Elementary Public K-7 467 587 471 5 1.08 km
Herbert Spencer Elementary Public K-5 519 625 528 8 1.25 km
Al-Hidayah School Independent K-7 msk msk msk n/a 1.44 km
Lord Kelvin Elementary  Public K-7 436 564 447 3 1.99 km
F W Howay Elementary Public K-5 501 574 492 5 2.81 km
Twelfth Avenue Elementary Public K-7 488 598 474 5 2.89 km
Our Lady of Mercy Independent K-7 571 808 575 10 2.90 km
John Knox Christian School Independent K-7 605 685 560 10 3.05 km

Listing Price Comparision

This house

$5,288,800

  New Westminster
Show Comparables

  Queens Park
Show Comparables







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More listings in this building

  • 411 Third Ave, New Westminster, BC

    Price: $5.29M , Beds: n/a, Baths: n/a
    Listed By: The Firm Real Estate Services Ltd.