$5,950,000

605 Third Avenue, New Westminster, BC V3M 1N4

MLS® C8081388

Description

Built in 1962, 605 Third Avenue is a well-maintained wood frame apartment building comprising 20 residential suites and 2 commercial units. The property is situated on a 5,940 sq ft lot and offers a suite mix of 8 two bedrooms, 3 one bedrooms, 6 Bachelor units, and 3 additional vacant unauthorized units (2 one bedroom, 1 bachelor). The building has been consistently maintained and provides stable cash flow, making it an attractive holding property. The property has 9 covered parking stalls access through the laneway.

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Low Rise (2-4 storeys), Mixed Use

Ownership

Freehold

Systems

Heating

Electric

Cooling

Electric

Lot and parking

Lot size

6,098.4 sq ft

Costs

Annual property tax

$19,434

Tax year

2,025

Location

Area

New Westminster

Neighbourhood

Uptown NW

Waterfront

No