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727 Queens Avenue New Westminster, British Columbia V3M 1L7

7209 sqft

$2,698,800

An excellent opportunity to own this 7209 s.f. Edwardian Mansion(fully rented) to generate income. This multi-unit character building is surrounded by other large historic character homes and sits on a large 60x120ft lot, is generating $105,459/yr. Ideal for principal use and keep some tenants as income property for future development. Fire code and safety condition in good working order, features: fir , oak floors, bay windows with stained glass, clawfoot tubs, high ceilings, mosaic tiles, fire place and much more (please refer to updates list attached to listing). Cap rate of 3.5% with great rental upside, rents well below market. Excellent walking distance to Douglas college, sky train, New Westminster Quay, Queens park and uptown, downtown restaurants & shopping! (id:36096)

Property Details

MLS® Number C8043575
Property Type Multi-family

Building

Constructed Date 1912
Size Interior 7209 Sqft

Land

Acreage No
Sewer Storm Sewer
Size Irregular 7200
Size Total 7200 Sqft
Size Total Text 7200 Sqft
Zoning Description Rs-1

Utilities

Electricity Available
Natural Gas Available
Sewer At Lot Line

https://www.realtor.ca/real-estate/24245389/727-queens-avenue-new-westminster

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