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:4069)
Address
404 ROYAL AVENUE
List Price
$2,799,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
British Columbia
Sub-Area
New Westminster
Bedrooms
12
Bathrooms
8
Floor Area
5,208 Sq. Ft.
Lot Size
6468 Sq. Ft.
Year Built
1979
MLS® Number
R2991224
Listing Brokerage
Oakwyn Realty Ltd.
Basement Area
Crawl space (Unknown)
Postal Code
V5Y2B1
