$1,560,000

727 Fourth Avenue, New Westminster, BC V3L 2W4

MLS® R3163433

Description

8, 154 Sq.Ft. Lot improved with a 10-unit rental apartment building generating a 4%+ net cap rate, located just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers meaningful rental upside driven by its prime location and strong demand fundamentals. RM-2 zoning permits low-rise apartment redevelopment up to 1.8 FSR, providing long-term density and value-add potential.

Property

Property type

Residential

Style

Other

Structure

Residential Detached

Architectural style

Other

Year built

1,944

Age

82 years

Ownership

Freehold NonStrata

Levels

2

Interior

Bedrooms

8

Bathrooms

10

Full bathrooms

10

Half bathrooms

0

Living area

4,000 sq ft

Main floor finished area

2,000 sq ft

Basement

None

Systems

Heating

Other

Lot and parking

Lot size

8,154 sq ft

Parking spaces

4

Parking

Open

Carport spaces

No

Open parking

Yes

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$8,018

Tax year

2,025

Land lease

No

Location

Area

New Westminster

Neighbourhood

GlenBrooke North

Waterfront

No

Exterior features

Balcony