404 Royal Avenue, New Westminster, British Columbia V5Y 2B1

TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income $11,220 per month. CAP 4%. Each unit are spacious 2 level, 3 bedrooms, 1.5 bath, in-suite laundry, approx 1200sq ft per unit + BONUS outdoor space and very private, surrounded by greenery. Ample parking and storage in the back of building. Excellent location with 88 walk score- 5 min walk to skytrain, 7 min to water, 1 block to City Hall & Park, 2 blocks to Douglas College. Many upgrades done including numerous new windows and sliding doors, 2 new kitchens, flooring, 3 freshly painted units, new fences, new bathrooms, landscaping etc...! OCP designated as Mid Rise Apartment- rezoning potential! 350m to Columbia Skytrain (3.0FAR allowance per TOD legislation). (id:27476)

This Freehold property is a turn-key investment opportunity, featuring a fully rented 4plex with a gross income of $11,220 per month and a CAP of 4%. Each unit is spacious, spanning 2 levels with 3 bedrooms, 1.5 baths, in-suite laundry, and approximately 1200 sq ft per unit. Additionally, there is a bonus outdoor space that offers privacy and is surrounded by greenery. The property also boasts ample parking and storage at the back of the building. Its excellent location is reflected in its 88 walk score, with the skytrain just a 5-minute walk away, the water a 7-minute walk away, and City Hall & Park just 1 block away. Douglas College is also conveniently located just 2 blocks away. The building has undergone many upgrades and is well-maintained. Furthermore, the OCP has designated it as a Mid Rise Apartment with rezoning potential. It is also just 350m to Columbia Skytrain, with a 3.0FAR allowance per TOD legislation. (id:27476)

This property, located at 404 Royal Avenue in New Westminster, British Columbia, is currently for sale. It sits on a land size of 6468 sqft and has a postal code of V5Y2B1. The property type is a Fourplex, featuring a total of 8 bathrooms and 12 bedrooms.