$1,690,000
8
10
4,000 sqft
About this House
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 long-term density and value-add potential.
Listed by Macdonald Commercial Real Estate Services Ltd..
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of The Valley Group for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Features
- MLS®: R3102988
- Type: House
- Bedrooms: 8
- Bathrooms: 10
- Square Feet: 4,000 sqft
- Lot Size: 8,154 sqft
- Full Baths: 10
- Half Baths: 0
- Taxes: $8018.42
- Basement: None
- Storeys: 2 storeys
- Year Built: 1944
- Style: Other
Neighbourhood Intelligence by HoodQ
Here is a brief summary of some amenities close to this listing (727 Fourth Avenue, GlenBrooke North, New Westminster), such as schools, parks & recreation centres and public transit.
This 3rd party neighbourhood widget is powered by HoodQ, and the accuracy is not guaranteed. Nearby amenities are subject to changes and closures. Buyer to verify all details.
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