TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income potential $11,753 per month. CAP 4%. Each unit are spacious 2 level, 3 bedrooms, 1.5 bath, in-suite laundry, approx 1200sq ft per unit + BONUS outdoor space and very private, surrounded by greenery. Ample parking and storage in the back of building. Excellent location with 88 walk score- 5 min walk to skytrain, 7 min to water, 1 block to City Hall & Park, 2 blocks to Douglas College. Many upgrades done including numerous new windows and sliding doors, 2 new kitchens, flooring, 3 freshly painted units, new fences, new bathrooms, landscaping etc...! OCP designated as Mid Rise Apartment- rezoning potential! 350m to Columbia Skytrain (3.0FAR allowance per TOD legislation).
Address
404 Royal Avenue
List Price
$2,799,000
Property Type
Residential Income
Type of Dwelling
Quadruplex
Structure Type
Multi Family
Area
New Westminster
Sub-Area
Downtown NW
Bedrooms
12
Bathrooms
8
Half Bathrooms
4
Floor Area
5,208 Sq. Ft.
Main Floor Area
2604
Lot Size
6468 Sq. Ft.
Lot Size Dimensions
49 x 132
Lot Size (Acres)
0.15 Ac.
Lot Size Units
Square Feet
Total Building Area
5208
Frontage Length
49
Year Built
1979
MLS® Number
R2991224
Listing Brokerage
Oakwyn Realty Ltd.
Basement Area
Crawl Space
Postal Code
V5Y 2B1
Zoning
RM6A
Ownership
Freehold NonStrata
Parking
Garage Under Building
Parking Places (Total)
8
Tax Amount
$8,670.81
Tax Year
2022
Site Influences
Balcony
Exterior Features
Balcony
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard, Electric
Fireplace
Yes
Fireplace Features
Wood Burning
Number of Fireplaces
4
Garage
Yes
Levels
Two
Number Of Floors In Property
2
Security Features
Fire Sprinkler System, Smoke Detector(s)