Property Details

List Price
$2,850,000
MLS®
R2819578
Type
Fourplex
Basement
Crawl
Year Built
1979
Taxes
$8670.81 (2022)
Living Area
5208 Sq.Ft.
Lot Frontage
49.00 ft
Lot Depth
132 ft
Lot Size Area
6468 Sq.Ft.
Bedrooms
12
Bathrooms
8
Maintenance Fee
$0.00/mo

Downtown NW

404 ROYAL AVENUE, Downtown NW, New Westminster, BC, V5Y 2B1, Canada

Description

TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income $11,220 per month. CAP 4%. Each unit are spacious 2 level, 3 bedrooms, 1.5 bath, in-suite laundry, approx 1200sq ft per unit + BONUS outdoor space and very private, surrounded by greenery. Ample parking and storage in the back of building. Excellent location with 88 walk score- 5 min walk to skytrain, 7 min to water, 1 block to City Hall & Park, 2 blocks to Douglas College. Many upgrades done including numerous new windows and sliding doors, 2 new kitchens, flooring, 3 freshly painted units, new fences, new bathrooms, landscaping etc...! OCP designated as Mid Rise Apartment- rezoning potential! 350m to Columbia Skytrain (3.0FAR allowance per TOD legislation).

Listing Provided By

Oakwyn Realty Ltd.

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Agent

Name: Rod & Rhea Hayes

Mobile: 604.240.1927

Office Phone: 604.421.1010

Email: [email protected]