404 Royal Avenue New Westminster, British Columbia V5Y 2B1
$2,850,000
TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income $11,220 per month. CAP 4%. Each unit are spacious 2 level, 3 bedrooms, 1.5 bath, in-suite laundry, approx 1200sq ft per unit + BONUS outdoor space and very private, surrounded by greenery. Ample parking and storage in the back of building. Excellent location with 88 walk score- 5 min walk to skytrain, 7 min to water, 1 block to City Hall & Park, 2 blocks to Douglas College. Many upgrades done including numerous new windows and sliding doors, 2 new kitchens, flooring, 3 freshly painted units, new fences, new bathrooms, landscaping etc...! OCP designated as Mid Rise Apartment- rezoning potential! 350m to Columbia Skytrain (3.0FAR allowance per TOD legislation). (id:46227)
Property Details
| MLS® Number | C8054811 |
| Property Type | Multi-family |
| Storage Type | Outside Storage |
Building
| Constructed Date | 1979 |
| Size Interior | 5208 Sqft |
Land
| Acreage | No |
| Size Irregular | 6534 |
| Size Total | 6534 Sqft |
| Size Total Text | 6534 Sqft |
| Zoning Description | Rm6a |
Utilities
| Electricity | Available |
| Telephone | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/26155452/404-royal-avenue-new-westminster
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February 20 2024 08:52:56
Real Estate Board Of Greater Vancouver
Oakwyn Realty Ltd.