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Additional details

Nader Bakhoum,PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

Listed by Macdonald Commercial Real Estate Services Ltd.

$ 1,690,000

Est. payment | -/mo

8 Beds

10 Baths

4,000 SqFt

Save

$ 1,690,000

Est. payment | -/mo

Save

8 Beds

10 Baths

4,000 SqFt

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $422

MLS Listing ID R3102988

Style Other

Bedrooms 8

Full Baths 10

HOA Y/N No

Year Built 1944

Lot Size 8,276 Sqft

Property Sub-Type Other

Property 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.

Location

Province BC

Community Glenbrooke North

Area New Westminster

Zoning RM-2

Rooms

Other Rooms Bedroom, Bedroom, Bedroom, Bedroom, Bedroom, Bedroom, Bedroom, Bedroom

Kitchen 0

Interior

Heating Other

Exterior

Exterior Feature Balcony

Utilities Available Water Connected

View Y/N No

Roof Type Other

Building

Story 2

Foundation Other

Sewer Public Sewer

Water Public

Others

Ownership Freehold NonStrata

REBGV/FVREB/Chilliwack (Residential VOW)

727 Fourth AVE New Westminster, BC V3L 2W4