$1,599,000

1217 Sixth Avenue, New Westminster, BC V3M 2C1

MLS® R3161624

Description

Generate steady $8,900 monthly rental income while designing your next masterclass project at 1217 Sixth Avenue, New Westminster! Set in the desirable West End, this massive 8,164 sq. ft. corner lot boasts an impressive 66-foot frontage and exceptional 6-plex development potential (RD-1 zoning). The existing 1926 character home functions as a cash-flowing rooming house, letting your investment pay you from day one. Offered as a court-ordered, "As-Is, Where-Is" opportunity, this is a rare chance for visionary developers to secure a high-yield holding just steps from transit, schools, and the vibrant 12th Street corridor. Don't let this Royal City gem slip away! (Buyer to verify all development potential with the City of New Westminster).

Property

Property type

Residential

Style

Single Family Residence

Structure

Residential Detached

Year built

1,926

Age

100 years

Ownership

Freehold NonStrata

Levels

Two

Interior

Bedrooms

2

Bathrooms

3

Full bathrooms

3

Half bathrooms

0

Living area

3,025 sq ft

Main floor finished area

1,273 sq ft

Basement

Finished

Appliances

Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave, Oven

Interior features

Storage

Systems

Heating

Forced Air, Hot Water, Natural Gas

Lot and parking

Lot size

8,164 sq ft

Lot dimensions

66 x 123.7

Lot features

Central Location, Recreation Nearby

Road surface

Paved

Parking

Open, Front Access, Concrete, Paver Block

Carport spaces

No

Open parking

Yes

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$7,624

Tax year

2,025

Land lease

No

Location

Area

New Westminster

Neighbourhood

West End NW

View

No

Waterfront

No

Community features

Shopping Nearby