404 Royal Avenue New Westminster, British Columbia V5Y 2B1
$2,799,000
TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income potential $11,753 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). (id:46156)
Property Details
| MLS® Number | R2991224 |
| Property Type | Multi-family |
| Parking Space Total | 8 |
Building
| Bathroom Total | 8 |
| Bedrooms Total | 12 |
| Basement Development | Unknown |
| Basement Features | Unknown |
| Basement Type | Crawl Space (unknown) |
| Constructed Date | 1979 |
| Half Bath Total | 4 |
| Size Interior | 5,208 Ft2 |
| Type | Fourplex |
Land
| Acreage | No |
| Size Frontage | 49 Ft |
| Size Irregular | 6468 |
| Size Total | 6468 Sqft |
| Size Total Text | 6468 Sqft |
https://www.realtor.ca/real-estate/28177939/404-royal-avenue-new-westminster
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April 18 2025 07:54:31
Greater Vancouver REALTORS®
Oakwyn Realty Ltd.
