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610 Sixth Avenue 610 6th Avenue 16 Unit Apartment Building $4,401,719 USD ($275,107 USD/Unit) 5.26% Cap Rate New Westminster, BC V3M 2B2
Investment Highlights
- High exposure mixed-use building across from Walmart Supercentre and Shoppers Drug Mart.
- Future high-density mixed-use development potential under the existing zoning.
- Within walking distance of schools, retail stores, banks, parks, and the New Westminster SkyTrain station, making the area attractive to both young pr
- The Property has undergone significant capital upgrades over the past 10 years.
- Potential for income growth in both residential and retail revenues due to existing below-market rents.
Executive Summary
(Over 5.2% Cap Rate)
Property Facts
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Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
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610 Sixth Avenue | 610 6th Avenue
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