727 Fourth Ave - Apartments FOR SALE


New Westminster, BC V3M 1S7
$1,890,000 CAD
778-999-5758
727 Fourth Ave, New Westminster, BC for Sale
$1,890,000 CAD
Apartments - FOR SALE
1/3
null | 3.76% Cap Rate

727 Fourth Ave
New Westminster, BC V3M 1S7


HIGHLIGHTS

  • Centrally located in vibrant Brow of the Hill neighborhood
  • Steps from Queens Park, Uptown amenities, and SkyTrain
  • Strong rental upside with value-add potential
  • Suite mix designed for diverse tenant demand
  • Walk Score of 95 ensures exceptional convenience

OVERVIEW

Macdonald Commercial is pleased to present an excellent opportunity to acquire a 10-unit rental apartment building, situated just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers significant rental-revenue upside thanks to its prime location and potential for income growth. The building is within walking distance to Queens Park, which boasts a number of amenities. Tipperary Park is also a short walk and offers a weekly Farmers’ Market on Thursdays. The Columbia Skytrain Station is a short 15-minute walk from the property, offering easy access to Downtown Vancouver, the Fraser Valley, and the Tri-Cities. The New Westminster Quay is about a 5-minute drive from the property or a 20-minute walk. New Westminster Quay offers attractions including the Westminster Quay Boardwalk, Quayside Park, River Market, and an abundance of shops and restaurants. This central and convenient New Westminster location provides tenants the convenience of having many services and amenities within steps from their front door.

FOR SALE DETAILS

PRICE

$1,890,000 CAD

PRICE/SF

$232 CAD /SF

# OF UNITS

10

PRICE/UNIT

$189,000

CAP RATE

3.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RM-2

APN/PARCEL ID

013455401

ASK ABOUT THIS PROPERTY

Dan SchulzMacdonald CommercialMore Info
778-999-5758

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Dan SchulzMacdonald CommercialMore Info
778-999-5758

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