217 Royal Avenue, New Westminster, British Columbia V3L 1H4

DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity in future. This 4-Storey multi-family building located in vibrant Queens Park with stunning Panoramic River Views from south exposure. There are 19 1-bedroom units include 2 penthouse suites with free parking in back yard, well maintained for a cozy and quiet living atmosphere, hardwood floor, 7 years' old boiler. Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL'HIGH RISE), potential for high density residential development. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College, you name it. Walk Score: 80/Very Walkable. School catchment: Qayqayt Elementary and New Westminster Secondary. Great opportunity for developers & investors. Do not walk through property, do not bother occupants! Call to inquire. (id:27476)

Attention developers and investors! An excellent opportunity presents itself with this income-generating free-standing property, offering the potential for high-rise residential redevelopment in the future. Situated in the vibrant Queens Park area, this 4-storey multi-family building boasts breathtaking panoramic river views from its south-facing exposure.

Featuring 19 1-bedroom units, including 2 penthouse suites, this well-maintained property offers a cozy and tranquil living environment, complete with hardwood floors and a 7-year-old boiler. The free parking in the backyard adds to the appeal, while the positive cash flow ensures sustainability to meet the strong rental demand.

Zoned as RH (Residential High Rise), this property holds the potential for high-density residential development, making it an attractive prospect for developers and investors. Its central location provides easy access to Downtown New West, as well as proximity to essential amenities such as public transit, parks, schools, shopping, and Douglas College.

With a Walk Score of 80 (Very Walkable) and school catchment areas including Qayqayt Elementary and New Westminster Secondary, this property offers a prime opportunity for those looking to capitalize on its redevelopment potential. Please note that property viewings are not permitted, and occupants should not be disturbed. For further inquiries, please contact us today!

Property Details:

- For sale

- Land size: 8872 sqft

- Address: 217 Royal Avenue, New Westminster, British Columbia, V3L1H4