8,154 ft²Multifamily$1,750,000Sale
8,154 ft²
Multifamily
$1,750,000
Sale
Dan Schulz
Macdonald Commercial
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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 Space
Asking Price$1,750,000
Available Space8,154 ft²
SourceDirect
The Building
The subject property is centrally located along Fourth Avenue, just off 8th Street. 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.
Property TypeMultifamily
Floors2
Lot Size8,154 ft²
ZoningRM-2
Cap Rate3.76%
Year Built1944
Up to $500K for British Columbia businesses
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