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Listed by Macdonald Commercial Real Estate Services Ltd.
$1,750,000
Est. payment /mo
8 Beds
10 Baths
4,000 SqFt
New
727 Fourth AVE New Westminster, BC V3L 2W4
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Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $437
MLS Listing ID R3080584
Style Other
Bedrooms 8
Full Baths 10
HOA Y/N No
Year Built 1944
Lot Size 8,276 Sqft
Property Sub-Type Other
Property Description
8,154 Sq.Ft. Lot improved with a 10-unit rental apartment building generating a 4%+ net cap rate, located just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers meaningful rental upside driven by its prime location and strong demand fundamentals. RM-2 zoning permits low-rise apartment redevelopment up to 1.8 FSR, providing a path to redevelopment in addition to value-add potential.
Location
Province BC
Community Glenbrooke North
Area New Westminster
Zoning RM-2
Rooms
Other Rooms Bedroom, Bedroom, Bedroom, Bedroom, Bedroom, Bedroom, Bedroom, Bedroom
Kitchen 0
Interior
Heating Mixed
Exterior
Exterior Feature Balcony
Utilities Available Water Connected
View Y/N No
Roof Type Other
Garage No
Building
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Locker No
Others
Ownership Freehold NonStrata
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