404 Royal Avenue, New Westminster, BC

$2,850,000

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12

Beds

8

Baths

5,208

Square feet

0.15

Acres

About 404 Royal Avenue

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).

Features of 404 Royal Avenue

MLS® # R2819578
Price $2,850,000
Bedrooms 12
Bathrooms 8.00
Full Baths 4
Half Baths 4
Square Footage 5,208
Acres 0.15
Year Built 1979
Type Multi-Family
Sub-Type Fourplex
Status Active

Community Information

Address 404 Royal Avenue
Area New Westminster
Subdivision Downtown NW
City New Westminster
Province BC
Postal Code V5Y 2B1

Amenities

Parking Spaces 8
Parking Garage Underbuilding
# of Kitchens 4

Interior

Heating Baseboard, Electric

Listing Details

OfficeOakwyn Realty Ltd.

Listing Map

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