217 ROYAL Avenue
New Westminster
V3L 1H4
$6,999,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8052084
- Build. Type:
- Freestanding
- Photos (22)
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DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity in future. This 4-Storey multi-family building located in vibrant Queens Park with stunning Panoramic River Views from south exposure. There are 19 1-bedroom units include 2 penthouse suites with free parking in back yard, well maintained for a cozy and quiet living atmosphere, hardwood floor, 7 years' old boiler. Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL–HIGH RISE), potential for high density residential development. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College, you name it. Walk Score: 80/Very Walkable. School catchment: Qayqayt Elementary and New Westminster Secondary. Great opportunity for developers & investors. Do not walk through property, do not bother occupants! Call to inquire.
- Sale Type:
- Asset
- Construction:
- Wood Frame, See Remarks
- Building Type:
- Freestanding, Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
- Name of Complex/Subdivision:
- Signup
- # Units:
- 19
- # Other Units:
- Signup
- # of Appartments:
- 19
- # of Studio Appartments:
- 0
- # of Penthouse Appartments:
- 2
- # of Bachelor Appartments:
- 0
- # of 4+ Bedroom Appartments:
- 0
- # of 1 Bedroom Appartments:
- 17
- # of 2 Bedroom Appartments:
- 0
- # of 3 Bedroom Appartments:
- 0
- # Storeys:
- 4.0
- Year built:
- 1961 (Age: 63)
- Total Floor Area:
- 11,347 sq. ft.
- Lot Area:
- 8,872.55 sq. ft.
- Lot Depth:
- 163
- Lot Frontage:
- 54'2"
- Land Use/Zoning:
- RM2
- Permitted Use:
- Multifamily (5+), Residential
- Taxes:
- $17,305.26 / 2023
- Balconies, Laundry Facility, Paved Yard, Fenced Yard
- Services Connected:
- Cable, Electricity, Garbage Collection, Lane Paved
- Water Supply:
- Municipal
- Roof:
- Signup
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- Not Applicable
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Virtual Tour
Listed by Nu Stream Realty Inc.
Data was last updated May 3, 2024 at 04:40 AM (UTC)
- Jean Seguin
- RE/MAX Real Estate Services
- 7787852135
- sales@vancouvercommercialbrokers.ca
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