604-725-1000 Value of properties sold as of Jul 23, 2024: $1.4 Billion +

New property listed in Queens Park, New Westminster

Property Photo: 411 THIRD AVE in New Westminster
I have listed a new property at 411 THIRD AVE in New Westminster.

Very rare to market. Queens Park prime investment or live-in with revenue. Large multfamily revenue/holding/develop/owner occupier opportunity. Over 171k/yr gross, low exp, tenant paid hydro, $146k NOI. Great 4% cap rate. Lg land parcel (3lots size) at near 1/2 ac. Originality & character in tact throughout. Newer (2006) top of the line cedar shake roof ($70k), Trophy performer. Established upscale neighbourhood. Named best area in lower mainland for livability and investment.Well known and top calibre 1912 Arts & Crafts Mansion. 10 lgl character suites, plus caretaker suite, plus separate 5 garage bay bldg – all occupied. Ideal assumable 1st $1.495M