620 Third Avenue
New Westminster
V3M 1N5
$1,133,000
Land Commercial, Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Land Commercial, Multi-Family Commercial
- MLS® Num:
- C8076499
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Land Commercial, Multi-Family Commercial
- Construction:
- Frame Wood
- # Bldgs:
- 1
- Year built:
- 1901 (Age: 125)
- Living Area:
- 1,401 sq. ft.
- Lot Area:
- 4,356 sq. ft.
- Zoning:
- Signup
- Potential to Redevelop:
- TOD TIER 3, No
- Fencing:
- Signup
- # Of Parking Spaces - Total:
- Signup
- Road Frontage:
- Signup
- Heating:
- Signup
- Electricity:
- No
- Env Assmt Comment:
- COMPLETED IN JANUARY 2026
- Parcel Number:
- 029042615
- No
- No
- Jean Seguin
- RE/MAX Real Estate Services
- 7787852135
- sales@vancouvercommercialbrokers.ca
Multi-family buildings for sale across Vancouver and British Columbia offer investors stable income, long-term appreciation, and diversification within the commercial real estate market. These properties typically include apartment buildings, purpose-built rentals, and multi-unit residential assets designed to generate consistent cash flow.
Vancouver Business Brokers represents multi-family investment properties throughout Metro Vancouver, the Lower Mainland, and BC, providing professional guidance to investors evaluating acquisition opportunities.
Types of Multi-Family Investment Properties
Multi-family real estate encompasses a range of property types, including:
- Purpose-built apartment buildings
- Small to mid-sized multi-unit residential properties
- Mixed-use buildings with residential units
- Redevelopment and value-add opportunities
Each property type carries different income profiles, financing considerations, and risk factors.
Buying Multi-Family Buildings
Investors evaluating multi-family buildings should consider more than the asking price. Key factors include:
- Net operating income and cap rates
- Tenant mix and lease stability
- Operating expenses and maintenance history
- Zoning, density, and redevelopment potential
- Local rental market demand
Professional representation helps investors identify risks and assess long-term performance.
Selling Multi-Family Properties
Selling multi-family real estate requires proper pricing, market exposure, and access to qualified buyers. Investor demand, income stability, and asset condition all influence value.
Working with experienced commercial brokers helps sellers:
- Position assets effectively
- Reach qualified investors
- Navigate negotiations and due diligence
- Close transactions efficiently
Multi-Family Markets Across British Columbia
Demand for multi-family investment properties varies by region. Vancouver remains a core market, while secondary markets may attract investors seeking higher yields.
Understanding regional market conditions is critical when evaluating pricing and investment strategy.
Next Steps
If you are considering buying or selling a multi-family building in Vancouver or British Columbia, professional guidance can help you navigate the process with confidence.
Frequently Asked Questions
What qualifies as a multi-family building?
Multi-family buildings include properties with multiple residential units, such as apartment buildings and purpose-built rentals.
Are multi-family buildings good investments?
Multi-family properties can offer stable income and long-term appreciation, depending on location, tenant mix, and operating costs.
Do you represent multi-family properties outside Vancouver?
Yes. We represent multi-family investment properties across British Columbia.
What should investors review before purchasing?
Investors should review income statements, operating expenses, tenant leases, zoning, and local market conditions.
