727 Queens Avenue New Westminster, British Columbia V3M 1L7
$2,698,800
An excellent opportunity to own this 7209 s.f. Edwardian Mansion(fully rented) to generate income. This multi-unit character building is surrounded by other large historic character homes and sits on a large 60x120ft lot, is generating $105,459/yr. Ideal for principal use and keep some tenants as income property for future development. Fire code and safety condition in good working order, features: fir , oak floors, bay windows with stained glass, clawfoot tubs, high ceilings, mosaic tiles, fire place and much more (please refer to updates list attached to listing). Cap rate of 3.5% with great rental upside, rents well below market. Excellent walking distance to Douglas college, sky train, New Westminster Quay, Queens park and uptown, downtown restaurants & shopping! (id:12562)
Property Details
| MLS® Number | C8043575 |
| Property Type | Multi-family |
Building
| Constructed Date | 1912 |
| Size Interior | 7209 Sqft |
Land
| Acreage | No |
| Sewer | Storm Sewer |
| Size Irregular | 7200 |
| Size Total | 7200 Sqft |
| Size Total Text | 7200 Sqft |
| Zoning Description | Rs-1 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Sewer | At Lot Line |
https://www.realtor.ca/real-estate/24245389/727-queens-avenue-new-westminster
Interested?
Contact us for more information
Teresa (Mo-Lan) Pang
#400 - 4370 Dominion Street
Burnaby, British Columbia V5G 4L7
(604) 801-5577
www.dienrealty.com
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April 07 2022 11:52:21
Real Estate Board Of Greater Vancouver
Dien Realty