4.64% Cap! Exceptional Multi-Fam Investment & Redevelopment Opportunity with a 4.64% Cap Rate! This 12-unit apartment building is ideally located in New West's Transit-Oriented Development Area, offering stable rental income, strong location fundamentals, and long-term redevelopment potential. Convenient access to SkyTrain, bus routes, parks, shopping, restaurants, schools, a community centre, ice rink, and pool supports consistent tenant demand and future value creation. Situated on a generous lot, the property presents compelling potential for investors, builders, and developers seeking a transit-connected, amenity-rich location. Purchasers should independently verify zoning, OCP designation, redevelopment potential, and all property details with the City of New Westminster and their advisors. Also available as part of a strategic assembly with 57 Agnes Street and 52 Royal Avenue, with flexible options to purchase individually, in combination, or as the complete assembly. Do not disturb tenants. (id:13843)
| MLS # | C8082812 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1977 |
| Days On Site | 10 |
| Listing Provided By | Sutton Centre Realty | Danny Chaho |
| SQ Feet | 9,840 |
|---|---|
| Zoning | RM-2 - MID RISE APAR |
| Acreage | 0.20 |
| Fireplace Yes / No | No |
|---|
| Utilities | Water |
|---|
| Tax Annual Amount | 12898.3 |
|---|---|
| Tax Year | 2026 |
| Province | BC |
|---|---|
| City | New Westminster |
| Postal Code | V3L5G7 |
| Listing VS Median (in V3L5G7) | |
Price: $4,489,200 low | high Med: $4,489,200 sqft: 9,840 low | high Med: 9,840 $ / sqft: $456 low | high Med: $456 On site: 10 low | high Med: 10 | |
| Province | BC |
|---|---|
| City | New Westminster |
| Postal Code | V3L5G7 |
| Listing VS Median (in V3L5G7) | |
Price: $4,489,200 low | high Med: $4,489,200 sqft: 9,840 low | high Med: 9,840 $ / sqft: $456 low | high Med: $456 On site: 10 low | high Med: 10 | |