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727 Fourth Ave, New Westminster, BC V3L 2W4

$1,560,000
8
BD
10
BA
4,000
SqFt
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List Price
$1,560,000
Status
ACTIVE
MLS® #
R3163433
Year Built
1944
Subtype
Other
Style
Other
Stories
2
Bedrooms
8
Total baths
10
Living Area
4,000
Area
New Westminster
Community
GlenBrooke North
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(778) 909-8318

Property Description

8, 154 Sq.Ft. Lot improved with a 10-unit rental apartment building generating a 4%+ net cap rate, located just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers meaningful rental upside driven by its prime location and strong demand fundamentals. RM-2 zoning permits low-rise apartment redevelopment up to 1.8 FSR, providing long-term density and value-add potential.

(778) 909-8318
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Additional Information

Lot Size
8,154
Acres
0.19
Region
New Westminster
Title To Land
Freehold NonStrata
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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.