404 ROYAL AVENUE

Fourplex | 12   | 8    | 8   | 5208.00 sqft

$2,850,000

Downtown NW,New Westminster,BC, V5Y 2B1

404 ROYAL AVENUE, New Westminster Fourplex Photos

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Property Info
MLS®: R2819578
Bedrooms: 12
Bathrooms: 8
Listing Date: 2023-09-26
List Price: $2,850,000
Strata Fee: $0.00
Floor Area: 5208.00 sq. ft
Unit Price: $547/sq. ft
Lot Size: 6468.00
Built Year: 1979
Tax Amount $8,671/Year
Ownership Interest: Freehold NonStrata
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Description

TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income $11,220 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).

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