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217 Royal Avenue New Westminster, British Columbia V3L 1H4

11347 sqft

$6,999,000

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 now to inquire! (id:37803)

Property Details

MLS® Number C8052084
Property Type Multi-family
Farm Type Other
Features Lane

Building

Amenities Balconies
Constructed Date 1961
Size Interior 11347 Sqft

Land

Acreage No
Fence Type Fenced Yard
Size Irregular 8872
Size Total 8872 Sqft
Size Total Text 8872 Sqft
Zoning Description Rm2

Utilities

Cable Available
Electricity Available

https://www.realtor.ca/real-estate/25686772/217-royal-avenue-new-westminster