7209 sqft
$2,698,800
An excellent opportunity to own this 7209 s.f. Edwardian Mansion(fully rented) to generate income. This multi-unit character building is surrounded by other large historic character homes and sits on a large 60x120ft lot, is generating $105,459/yr. Ideal for principal use and keep some tenants as income property for future development. Fire code and safety condition in good working order, features: fir , oak floors, bay windows with stained glass, clawfoot tubs, high ceilings, mosaic tiles, fire place and much more (please refer to updates list attached to listing). Cap rate of 3.5% with great rental upside, rents well below market. Excellent walking distance to Douglas college, sky train, New Westminster Quay, Queens park and uptown, downtown restaurants & shopping! (id:37803)
Property Details
|
MLS® Number
|
C8043575 |
|
Property Type
|
Multi-family |
Building
|
Constructed Date
|
1912 |
|
Size Interior
|
7209 Sqft |
Land
|
Acreage
|
No |
|
Sewer
|
Storm Sewer |
|
Size Irregular
|
7200 |
|
Size Total
|
7200 Sqft |
|
Size Total Text
|
7200 Sqft |
|
Zoning Description
|
Rs-1 |
Utilities
|
Electricity
|
Available |
|
Natural Gas
|
Available |
|
Sewer
|
At Lot Line |
https://www.realtor.ca/real-estate/24245389/727-queens-avenue-new-westminster
Steven Liu
