404 Royal Avenue, New Westminster, BC V5Y 2B1

$2,850,000
12
BD
8
BA
5,208
SqFt
List Price
$2,850,000
Status
ACTIVE
MLS® #
R2819578
Price Change
▼ $140,000 1700011026
Days on Market
240
Year Built
1979
Dwelling Type
Fourplex
Stories
2
Bedrooms
12
Total baths
8
Half baths
4
Living Area
5,208
Area
New Westminster
Community
Downtown NW

Property Description

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).

Additional Information

Lot Size
6,468
Acres
0.15
Region
New Westminster
Title To Land
Freehold NonStrata
Gross Taxes
8670.81
Tax Year
2022
Frontage
49
Depth
132

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Oakwyn Realty Ltd.

board logo

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.