423 Sixth Street, New Westminster

423 Sixth Street offers the opportunity to acquire a three-storey multi-family revenue property in the heart of New Westminster. The property generates over $200,000 in annual gross income and is designated for future higher-density redevelopment. Built in 1890, the home sits on a 9,801 sq. ft. lot (zoned C-2) and features five self-contained authorized suites on the upper floors plus a basement. The painted grey exterior with white trim, decorative gables and dormers, fish-scale shingles and a covered wrap-around porch highlight the building’s late-19th-century character. Interior photos show original period features present in many suites — high ceilings, exposed wood ceiling beams, ornate wood trim and fireplace mantels — and kitchens with vintage finishes such as black-and-white checkerboard flooring, freestanding stoves, built-in shelving, a mix of painted cabinetry and bright accent walls. The property contains five parking stalls for tenants as well as two garage units that are currently rented out as storage; off-street access via a side driveway and visible tenant parking at the rear/side serve the site. A cluster of brightly painted yellow exterior mailboxes serves the multiple units. The property is designated Mixed Use - Low Rise under the New Westminster Official Community Plan (OCP), which allows for the construction of a medium density mixed-use building. (id:1945)