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Bedrooms: 12
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Bathrooms: 8
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Living area: 5208 square feet
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MLS®: c8054811
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Type: Fourplex
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Added: 212 days ago
Property Details
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). (id:1945)
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Property Information
- Tax Year: 2023
- Utilities: Sewer, Electricity, Telephone
- Year Built: 1979
- Living Area: 5208
- Photos Count: 18
- Lot Size Units: square feet
- Tax Annual Amount: 9731
- Lot Size Dimensions: 6534
- Zoning Description: RM6A
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Nearby Places
Name |
Type |
Address |
Distance |
New Westminster |
It is located on the right bank of the Fraser Rive... |
|
0.2 km |
Holy Trinity Cathedral (New Westminster) |
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0.2 km |
Columbia station |
It is a part of Metro Vancouver's SkyTrain rapid t... |
|
0.3 km |
The Armouries |
It is the home of The Royal Westminster Regiment, ... |
|
0.3 km |
The Point, New Westminster |
Built in 2006, The Point has 148 residential units... |
|
0.3 km |
Douglas College |
School |
700 Royal Ave |
0.5 km |
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While Dettloff was taking the photo, Warren "White... |
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0.6 km |
New Westminster station |
New Westminster is a station located at Columbia S... |
|
0.7 km |
Skybridge (TransLink) |
The SkyBridge opened for revenue use on March 16, ... |
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0.8 km |
Queen's Park, New Westminster |
It is located north east of the city hall... |
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0.9 km |
Queen's Park Arena |
It once hosted the New Westminster Bruins of the W... |
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Ukrainian Catholic Eparchy of New Westminster |
As of 2004, the diocese contains 7,800 Catholics w... |
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1.0 km |
Similar undefineds Stat in New Westminster
We have found 1 undefined that closely match the specifications of the property located at 404 Royal Avenue with distances ranging from 2 to 2 kilometers away. The prices for these similar properties vary between 2,780,000 and 2,780,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open undefined in the V5Y2B1 postal code area of New Westminster British Columbia Canada.
404 Royal Avenue mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 404 Royal Avenue. The current price of the property is $2,850,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $2,280,000. This would result in a monthly mortgage payment of $13,327 over a 25-year amortization period.
Demographic Information
Neighbourhood Education
Master's degree
|
35
|
Bachelor's degree
|
155
|
University / Above bachelor level
|
20
|
University / Below bachelor level
|
25
|
Certificate of Qualification
|
15
|
College
|
105
|
University degree at bachelor level or above
|
210
|
Neighbourhood Marital Status Stat
Married
|
220
|
Widowed
|
15
|
Divorced
|
45
|
Separated
|
20
|
Never married
|
180
|
Living common law
|
80
|
Married or living common law
|
300
|
Not married and not living common law
|
260
|
Neighbourhood Construction Date
1961 to 1980
|
45
|
1981 to 1990
|
90
|
1991 to 2000
|
60
|
2006 to 2010
|
10
|
1960 or before
|
20
|