27
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$4,990,000
Est. payment /mo
8,873 Sqft Lot
Active
217 Royal AVE New Westminster, BC V3L 1H4
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8052084
Year Built 1961
Lot Size 8,873 Sqft
Property Sub-Type Multi Family
Property Description
DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with potential HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity. 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 & quiet living atmosphere, hardwood floor, 7 years old high efficiency Boiler, around 12 years old Water Tank, Re-Roofing 6 years ago, newer Double Glazed Windows and paint... Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL–HIGH RISE), potential for high density residential redevelopment. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College. Walk Score: 80/Very Walkable. Great opportunity for developers & investors. Showing only by appointment! Do not walk through property, do not bother occupants!
Location
Province BC
Community Queens Park
Area New Westminster
Zoning RM2
Exterior
Fence Fenced
Utilities Available Cable Connected, Electricity Connected, Garbage Collection
Roof Type Other
Street Surface Paved
Building
Story 4
Sewer Public Sewer
Water Public
Others
Ownership Freehold
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