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841 ROYAL Avenue
Uptown NW New Westminster V3M 1K2

$2,490,000
Multi-Family Commercial

Main Photo: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
Photo 1: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
Photo 2: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
Photo 3: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
Photo 4: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
Photo 5: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
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Photo 22: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
Photo 23: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
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Photo 26: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
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Photo 30: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8040176
Build. Type:
Low Rise (2-4 stories)
6 Unit Strata Titled Building on 5021 SF lot in Heart of Uptown New West. The 9 yr old Heritage Building was completely rebuilt to "New", Strata Plan registered in 2012; 5 X 2 Bdrm and 1 X 1 Bdrm & Den Suites ranging in size from 659 SF to 929 SF, Total living area 4517 SF (from Strata plan). All Suites are Attractive, well Finished, 5 Appliances, in-suite Laundry, all with Separate, Townhouse Style Entrances. Parking Lot for 4 Cars. Income currently well under market from good, longer term Tenants. Current Assessed Value (aggregate) = $2,681,000. Similar aged & sized condos in area selling @ average $650/SF which applied here = $2,936,000 aggregate. This is a very Easy Care Investment Property and Fantastic Value with obvious upside. Showing by Appointment Only COVID Rules, min 2 Day Notice. Contact LS for Viewing, Info Pkg.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
# Units:
6
# Storeys:
3.0
Year built:
2012 (Age: 9)
Land Use/Zoning:
RS-1
Taxes:
$11,950 / 2021
Env Assmt Phase:
None
Cap Rate %:
2.0
Other Income:
$0
Effective Gross Income:
$90,324
Gross Income:
$90,324
Oper. Expenses:
$38,044
Net Operating Income:
$52,280
Previous Price:
$24,900,000
Original Price:
$24,900,000
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Listed by RE/MAX Real Estate Services
Data was last updated September 19, 2021 at 01:10 AM (UTC)
Bob Bracken
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