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411 THIRD Avenue
Queens Park New Westminster V3L 2S3

$5,288,800
Multifamily beds: 10 baths: 11.0 6,343 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
Photo 3: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 4: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 5: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 6: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 7: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 8: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 9: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 10: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 11: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
Photo 12: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
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, 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 Type:
Multifamily
Dwelling Type:
Other
Home Style:
Year built:
1912 (Age: 108)
Total area:
6,343 sq. ft.
Total Floor Area:
6,343 sq. ft.
Total unfinished area:
Main Floor Area:
3,345 sq. ft.
Floor Area Above Main:
Floor Area Below Main:
Basement Area:
No. Floor Levels:
2.0
Rainscreen:
Bedrooms:
10 (Above Grd: 10)
Bathrooms:
11.0 (Full:11/Half:0)
Kitchens:
Rooms:
Taxes:
$12,710.97 / 2019
Lot Area:
17,667 sq. ft.
Lot Frontage:
97'
Lot Depth:
175
Exposure / Faces:
Rear Yard Exposure:
Outdoor Area:
Pad Rental:
Water Supply:
Heating:
Construction:
Foundation:
Basement:
Full, Fully Finished
Full Height:
Crawl Height:
Roof:
Floor Finish:
Fireplaces:
5
Fireplace Details:
Parking:
Parking Total/Covered:
5 / 5
Parking Access:
Exterior Finish:
Title to Land:
Freehold NonStrata
Flood Plain:
# Bachelor Units:
# 1Bdrm Units:
# 2Bdrm Units:
# 3Bdrm Units:
# Other Units:
Income as at Date:
Income Per Annum:
Oper. Expenses:
Net Operating Income:
Refrigerator, Stove
Shared Laundry
Dist to Public Trans:
Dist to School Bus:
Property Disclosure:
Fixtures Leased:
Fixtures Removed:
Cats:
Dogs:
Units in Development:
Sprinklers:
Smoke Detectors:
Services Connected:
Plumbing Details:
Previous Price:
Original Price:
  • Photo 1: 411 THIRD Avenue in New Westminster: Queens Park Multifamily for sale : MLS®# R2431138
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Larger map options:
Listed by RE/MAX Progroup Realty
Data was last updated April 9, 2020 at 05:10 PM (UTC)
Donna Tays
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