EstateBlock Realty

 411 Third , New Westminster, BC - V3L2S3 for Sale | MLS® C8030227 | Movety

List Price
$5,288,800
Total Bedroom
-
Total Bathrooms
-
Total Floor Area
(Sq.ft)
6,373
 
Lot Sz ( Sq.ft)
17,667
Maint. Fee
-
Gross taxes
-
Property Type
Multi-family
Type of Dwelling
-
Year Built
1912
List Date
Jan 25, 2020

Listed by
Re/max Progroup Realty



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Property Description

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), 6,373+ 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. (id:26763)

Property Information

Address
411 Third ,
List Price
$5,288,800
List Date
Jan 25, 2020

Strata Maint. Fee
-
Gross taxes
-
Total Baths
-
Total Bedrooms
-
Lot Sz (Acres)
-
Lot Sz (Sq.ft)
17,667
View
No
View - Specify
-
WaterFront
Yes
Ownership Type
-
Garage
Yes
Fireplace Features
-
Cooling
Yes
Property Type
Multi-family
Type of Dwelling
-
Style of Home
-
Approx Year Built
1912
Age
108
Floor Area Total (Sq.ft)
6,373
Basement Area
-
Frontage
-
MLS® Number
C8030227
Postal Code
V3L2S3
Sub-Area Community
-
Area
-
Province
BC
Zoning
-
Parking
Yes
Fireplaces
-
Fireplace Fuel
-
Community Features
-
Listed By

Re/max Progroup Realty

MLS Reciprocity The listing data is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association nor Estateblock.com


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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
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EstateBlock Realty
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Dan Marusin