304 Third Ave - Apartments FOR SALE


New Westminster, BC V3L 1M3
$6,700,000 CAD
604-790-7089
304 Third Ave, New Westminster, BC for Sale
$6,700,000 CAD
Apartments - FOR SALE
1/1
null | 4.02% Cap Rate

304 Third Ave
New Westminster, BC V3L 1M3


OVERVIEW

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Maple Manor, an extensively renovated multifamily asset with excellent annual income located in New Westminster's desirable Queen's Park neighbourhoood. All suites have been fully renovated to a condo-quality finish, all with in-suite dishwashers and laundry, and fully renovated kitchens and bathrooms. 70% of the units are two and three bedroom suites. The building has undergone significant capital improvements, including a new IBC boiler and dual hot water tanks, double glazed windows, updated breaker panels in all suites, new torch on layer on the roof and an 8-camera security system.

FOR SALE DETAILS

PRICE

$6,700,000 CAD

PRICE/SF

$465 CAD /SF

# OF UNITS

17

PRICE/UNIT

$394,118

CAP RATE

4.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maple Manor Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RS-1

APN/PARCEL ID

007-395-710

ASK ABOUT THIS PROPERTY

James BlairMarcus & MillichapMore Info
604-790-7089

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James BlairMarcus & MillichapMore Info
604-790-7089

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.