$4,990,000
217 ROYAL AVENUE New Westminster, BC V3L 1H4
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$4,990,000
Est. payment /mo
11,347 SqFt
UPDATED:
11/04/2024 06:18 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,347 sqft
Price per Sqft $439
Subdivision Queens Park
MLS Listing ID C8052084
Year Built 1961
Annual Tax Amount $17,305
Tax Year 2023
Property Description
DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity in future. This 4-Storey multi-family building located in vibrant Queens Park with stunning Panoramic River Views from south exposure. There are 19 1-bedroom units include 2 penthouse suites with free parking in back yard, well maintained for a cozy and quiet living atmosphere, hardwood floor, 7 years'' old boiler. Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL–HIGH RISE), potential for high density residential development. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College, you name it. Walk Score: 80/Very Walkable. School catchment: Qayqayt Elementary and New Westminster Secondary. Great opportunity for developers & investors. Do not walk through property, do not bother occupants! Call to inquire.
Location
State BC
Community Queens Park
Area New Westminster
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Exterior
Roof Type Other
Building
Dwelling Type Multi-Family Commercial
Story 4
Water Municipal
Structure Type Wood Frame,See Remarks
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Listed by Nu Stream Realty Inc.
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