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727 Queens Avenue New Westminster, British Columbia V3M 1L7

6 Bedroom 6 Bathroom 7209 sqft

$2,698,800

An excellent opportunity to own this 7209 sq/ft Edwardian Mansion(fully rented) to generate income. This multi-unit(9 legal units) character building is surrounded by other large historic character homes and sits on a large 60x120ft lot. 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, skytrain, New Westminster Quay, Queens park and uptown, downtown restaurants & shopping! (id:46156)

Property Details

MLS® Number R2674519
Property Type Single Family

Building

Bathroom Total 6
Bedrooms Total 6
Amenities Shared Laundry
Basement Development Partially Finished
Basement Features Unknown
Basement Type Full (partially Finished)
Constructed Date 1912
Size Interior 7209 Sqft

Land

Acreage No
Size Frontage 60 Ft
Size Irregular 7200
Size Total 7200 Sqft
Size Total Text 7200 Sqft

https://www.realtor.ca/real-estate/24245358/727-queens-avenue-new-westminster

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