411 Third Avenue, New Westminster

411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 1411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 2411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 3411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 4411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 5411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 6411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 7411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 8411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 9411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 10411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 11411 Third Avenue, New Westminster, British Columbia, V3L2S3 | Photo: 12
  • Bedrooms: 10
  • Bathrooms: 11
  • Lot size: 17667 sqft
  • MLS®#: R2431138
  • Living area: 6760 sqft
  • Added: 34 days ago
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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 (id:1945)

Details and Features

  • Nearby Ammenities: Shopping
  • Features: Central location
  • Size Frontage: 97 ft
  • Land Total: 17667 sqft
  • Acreage: false
  • Municipal Id: 013-396-595
  • Amenities: Shared Laundry
  • Appliances: Refrigerator, Stove
  • Basement Features: Unknown
  • Constructed Date: 1912
  • Fireplace Present: False
  • Size Interior: 6760 sqft

411 Third Avenue is a 6760 square foot House for sale in New Westminster, BC. It has 10 bedrooms, 11 bathrooms and was listed on Ovlix.com since January 24, 2020 by Re/max Progroup Realty for $5,288,800. Listing agent: Fraser Elliott. What's near 411 Third Avenue, New Westminster: School: Douglas College - 713 m / S, Restaurant: Boston Pizza - 1.13 km / SSW, Cafe: Tim Hortons - 4.02 km / WNW, Shopping mall: Lougheed Town Centre/Lougheed Mall - 4.75 km / NNE, Museum: Burnaby Village Museum - 4.98 km / NW. Estimated Mortgage for 411 Third Avenue $21,275/mo from MortgagePal.ca