Map / location with property boundaries highlighted

$4,990,000

909 913 915 Twelfth Street, New Westminster, BC V3M 4K5

MLS® C8069903

Description

Must See! Approx. 13,112 sqft corner development site is available in New Westminster Moody Park area. Located at the corner of Twelfth St and London St. 40 units, 2.5 FSR for 32,599 sq.ft buildable area residential development, and it's waiting for Building Permit. Next to the bus station, walking distance to Moody Park and Royal City Centre, very convenient community. Occupied by multiple tenants, self management with approx. 1.8% CAP rate. A rare opportunity for developer who is looking for a prime 5-storey development site with multi-tenants and stable income in the heart of New Westminster. Don’t hesitate, call now.

Property

Property type

Land

Year built

1,948

Ownership

Freehold

Levels

2

Lot and parking

Lot size

13,068 sq ft

Costs

Annual property tax

$40,596

Tax year

2,025

Location

Area

New Westminster

Neighbourhood

Moody Park

Waterfront

No