View of apartment building / complex with uncovered parking

$9,588,000

52 Royal Avenue, New Westminster, BC V3L 1G8

MLS® C8076610

Description

Prime Location 22-Unit Multi-Family Apartment Building in Transit-Oriented Development (TOA) Zone –Exceptional Redevelopment Opportunity. Desirable Transit-Oriented Development site with easy access to Skytrain, bus routes, transit hubs, parks, shopping, restaurants, schools, community centre, ice rink, and pool, this established 22-unit multi-family apartment building delivers strong, consistent rental income from its current tenant base. Spanning a generous lot size. The property offers exceptional redevelopment potential. Ideal for Visionary Investors and Developers seeking to capitalize on zoning advantages, proximity to premium amenities, and transit connectivity. Available for purchase as a strategic assembly with 57 Agnes St and 76 Coburg St, unlocking expanded scale and value-add possibilities. Do not disturb tenants – showings by appointment only to qualified buyers. Contact for financials

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Low Rise (2-4 storeys)

Year built

1,962

Ownership

Freehold

Levels

3

Lot and parking

Lot size

17,424 sq ft

Costs

Annual property tax

$23,278

Tax year

2,025

Location

Area

New Westminster

Neighbourhood

Downtown NW

Waterfront

No