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411 Third Avenue, New Westminster BC

Active - For Sale

$5,880,000

Located in New Westminster’s distinguished Queens Park area, 411 Third Avenue strikes the perfect balance between urban living and suburban tranquility. A brief 10-minute walk to Columbia SkyTrain station offers easy transit access to major cities of Greater Vancouver, while a 6-minute stroll takes you to Royal City Center for shopping, groceries and amenities. This prime location provides a unique blend of convenience and serenity, marking it as an exceptional investment opportunity

  • Spacious lot – 17,667 SF lot with infill
    development potential
  • Secure cash flow – 11 multifamily
    suites with current income at a 4.20%
    CAP rate
  • Transit-oriented – Only a 10 minute
    walk from Columbia SkyTrain Station
  • Infill Development Potential – Under
    the Laneway and Carraige House
    Development Permit Guidelines and
    with a Heritage Alteration Permit
    (HAP)

About

Located in New Westminster’s distinguished Queens Park area, 411 Third Avenue strikes the perfect balance between urban living and suburban tranquility. A brief 10-minute walk to Columbia SkyTrain station offers easy transit access to major cities of Greater Vancouver, while a 6-minute stroll takes you to Royal City Center for shopping, groceries and amenities. This prime location provides a unique blend of convenience and serenity, marking it as an exceptional investment opportunity

features

  • Spacious lot – 17,667 SF lot with infill
    development potential
  • Secure cash flow – 11 multifamily
    suites with current income at a 4.20%
    CAP rate
  • Transit-oriented – Only a 10 minute
    walk from Columbia SkyTrain Station
  • Infill Development Potential – Under
    the Laneway and Carraige House
    Development Permit Guidelines and
    with a Heritage Alteration Permit
    (HAP)
disclaimer

* NOI stands for Net Operating Income. The data relating to real estate on this web site comes in part from the MLS Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS Reciprocity logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

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