605 Third Av - Apartments FOR SALE


New Westminster, BC V3M 1N4
$6,250,000 CAD
604-691-6656
605 Third Av, New Westminster, BC for Sale
$6,250,000 CAD
Apartments - FOR SALE
1/9
null | 5.4% Cap Rate

605 Third Av
New Westminster, BC V3M 1N4


HIGHLIGHTS

  • Nearby amenities including cafés, restaurants, retail shops, and essential services.
  • Convenient access to Uptown New Westminster.
  • Close to major transit options, including SkyTrain service via New Westminster Station.

OVERVIEW

605 Third Avenue is a well-maintained wood frame apartment building comprising 17 residential suites, 2 commercial units, and 3 multiuse units. The property is situated on a 5,940 sq ft lot and offers a suite mix of 8 two bedrooms, 3 one bedrooms, 6 Bachelor units, and 3 additional vacant unauthorized units ( 2 one bedroom, 1 bachelor). The building has been consistently maintained and provides stable cash flow, making it an attractive holding property. The property has 9 covered parking stalls access through the laneway.

FOR SALE DETAILS

PRICE

$6,250,000 CAD

PRICE/SF

$595 CAD /SF

# OF UNITS

17

PRICE/UNIT

$367,647

CAP RATE

5.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Queens Park Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,940 SF

ZONING

C-3

APN/PARCEL ID

000-455-776

ASK ABOUT THIS PROPERTY

Taylor DurhamNAI Commercial VancouverMore Info
604-691-6656

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Taylor DurhamNAI Commercial VancouverMore Info
604-691-6656

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