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CAD 2,698,800

727 QUEENS AVENUE
New Westminster, British Columbia

Property Description

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:885)

Courtesy of Dien Realty

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Property Details

ID #
C8043575
Status
For Sale
Type
Multi-family
Postal Code
V3M1L7
Building Area
7,209ft2
Year Built
1912
Lease Per Unit
square feet
Maintenance Fee Payment Unit
Monthly
Sewer
Storm sewer
Utility
Electricity, Natural Gas, Sewer
Zoning Description
RS-1
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