Log In/Sign Up
Your email has been sent.
514 Third Av 5 Unit Apartment Building Offered at $1,153,365 USD at a 2.83% Cap Rate New Westminster, BC V3L 1M7
Investment Highlights
- Fully leased five-unit apartment building with consistent rental income.
- Recent renovations completed in 2022, reducing immediate maintenance needs.
- Excellent access to public transit, including SkyTrain, and major roadways.
- Located near Queens Park and within walking distance to downtown New Westminster.
- RT-1 zoning allows for multifamily and duplex development potential.
- Situated in a vibrant neighborhood with strong tenant demand and future growth prospects.
Executive Summary
Fully tenanted multi family investment. Simple to manage and terrific location for tenants and future re-development assembly. Just off Sixth Street on the edge of the renowned Queens Park neighborhood This location has a bright future ahead . Excellent time to add a small investment property to your portfolio.
Property Facts
| Price | $1,153,365 USD | Apartment Style | Low-Rise |
| Price Per Unit | $230,673 USD | Building Size | 3,060 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 2.83% | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1901/2022 |
| Property Type | Multifamily | ||
| Zoning | RT-1 - Multi Family - Duplex District | ||
| Price | $1,153,365 USD |
| Price Per Unit | $230,673 USD |
| Sale Type | Investment |
| Cap Rate | 2.83% |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 3,060 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1901/2022 |
| Zoning | RT-1 - Multi Family - Duplex District |
Amenities
Site Amenities
- Walk-Up
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
514 Third Av
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.