View of apartment building / complex

$4,489,200

76 Coburg Street, New Westminster, BC V3L 5G7

MLS® C8082812

Description

4.64% Cap! Exceptional Multi-Fam Investment & Redevelopment Opportunity with a 4.64% Cap Rate! This 12-unit apartment building is ideally located in New West’s Transit-Oriented Development Area, offering stable rental income, strong location fundamentals, and long-term redevelopment potential. Convenient access to SkyTrain, bus routes, parks, shopping, restaurants, schools, a community centre, ice rink, and pool supports consistent tenant demand and future value creation. Situated on a generous lot, the property presents compelling potential for investors, builders, and developers seeking a transit-connected, amenity-rich location. Purchasers should independently verify zoning, OCP designation, redevelopment potential, and all property details with the City of New Westminster and their advisors. Also available as part of a strategic assembly with 57 Agnes Street and 52 Royal Avenue, with flexible options to purchase individually, in combination, or as the complete assembly. Do not disturb tenants.

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Low Rise (2-4 storeys)

Year built

1,977

Ownership

Freehold

Levels

3

Lot and parking

Lot size

8,712 sq ft

Parking spaces

12

Costs

Annual property tax

$12,898

Tax year

2,026

Location

Area

New Westminster

Neighbourhood

Downtown NW

Waterfront

No