5,940 ft²Multifamily$6,250,000Sale
5,940 ft²
Multifamily
$6,250,000
Sale
Taylor Durham
NAI Commercial BC
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Property Overview Built in 1962, 605 Third Avenue is a well-maintained wood-frame apartment building comprising 20 residential suites and 2 commercial 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. Property Improvements - Roof Replacement – 2015 - New Hot Water Tanks – 2017, 2020, 2023 - Double Pane Windows Installed – 2013
The Space
Asking Price$6,250,000
Available Space5,940 ft²
NegotiableYes
ZoningC-3A
SourceDirect
Parking
The Building
605 Third Avenue is ideally situated in the vibrant and historic community of New Westminster, one of Metro Vancouver’s most established and transit-oriented municipalities. The property benefits from proximity to a wide range of amenities along Sixth Street and nearby commercial corridors, including cafés, restaurants, retail shops, and essential services. Residents enjoy convenient access to Uptown New Westminster, as well as the retail and dining offerings of Downtown New Westminster. The area is also well-served by parks, schools, and community amenities, contributing to a highly livable urban environment. The property is within close to major transit options, including SkyTrain service via New Westminster Station, providing direct access to Vancouver and surrounding municipalities. This strong accessibility supports consistent rental demand and long-term growth potential.
Property TypeMultifamily
Up to $500K for British Columbia businesses
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