Jane Meadows

Call: (604) 240-5263 and (604) 943-8080 |

My Office Listings

411 THIRD Avenue
Queens Park New Westminster V3L 2S3

$5,288,800
Multifamily beds: 10 baths: 11.0 6,760 sq. ft. built: 1912

Main Photo: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 1: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 2: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
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Status:
Active
Prop. Type:
Multifamily
MLS® Num:
R2431138
Bedrooms:
10
Bathrooms:
11
Year Built:
1912
UNBEATABLE INVESTMENT OPPORTUNITY W/ REDEVELOPMENT POTENTIAL! 11-unit multifamily building in prime Queens Park location in New Westminster. 17,667 sq.ft of land, 9,800+ 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 Type:
Multifamily
Dwelling Type:
Other
Year built:
1912 (Age: 108)
Total area:
6,760 sq. ft.
Total Floor Area:
6,760 sq. ft.
Main Floor Area:
3,335 sq. ft.
No. Floor Levels:
2.0
Bedrooms:
10 (Above Grd: 10)
Bathrooms:
11.0 (Full:11/Half:0)
Taxes:
$12,710.97 / 2019
Lot Area:
17,667 sq. ft.
Lot Frontage:
97'
Lot Depth:
175
Basement:
Full, Fully Finished
Fireplaces:
5
Parking Total/Covered:
5 / 5
Title to Land:
Freehold NonStrata
Refrigerator, Stove
Shared Laundry
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Listed by Fraser Elliott PREC* of RE/MAX Progroup Realty
Data was last updated February 26, 2020 at 06:10 PM (UTC)
JANE MEADOWS
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