New Westminster For Lease

411 THIRD AVENUE, New Westminster, British Columbia V3X 3G3

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Description

Located in New Westminster’s esteemed Queens Park area, this 11-unit property presents a stellar investment opportunity with significant redevelopment potential. Offering a mix of studios and one-bedroom apartments, along with a separate five-stall garage, the building is well-suited for long-term holdings. With the possibility to construct an accessory dwelling, this property offers potential for future income increases. Tenants are responsible for their own utilities, contributing to low operational costs. Key upgrades include a new roof in 2006, updated electrical, and plumbing systems. This property is an ideal acquisition for investors seeking stable returns and growth in a prime location or developers looking for a stable income asset with infill development potential.

Property Details
Property Type : Multi-family Commercial
Listing Type : For Lease
MLS ID : C8054378
Price : C$5,880,000
Status : Active
Year Built : 0
Square Footage : 6,373 Sqft
Lot Area : 17,667 Sqft
Area : New Westminster
Sub-Area : Queens Park
City : New Westminster
Province : British Columbia
Postal Code : V3X 3G3
Region : Greater Vancouver
Land Size Hectres : 0 Sqft
Land Size Acres : 0.41 Sqft
Additional Information
Zoning : RS-4
Listing Office : Macdonald Commercial Real Estate Services Ltd.
Source : Vancouver
Total Lease Area : 6373
Multi-family Commercial For Lease
  • MLS ID : C8054378
  • Square Footage : 6,373 Sqft
C$5,880,000
Contact Me for More Info
Todd Johnson
Sutton West Coast Realty
301 - 1508 West Broadway, Vancouver B.C
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