Bob Bracken's Listings

Back to Listings » Listing Details

841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176

841 ROYAL Avenue New Westminster V3M 1K2 : Uptown NW

Main Photo: 841 ROYAL Avenue in New Westminster: Uptown NW Multi-Family Commercial for sale : MLS®# C8040176banner
$2,490,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8040176
Status:
Active
Build. Type:
Low Rise (2-4 stories)
841 Royal Avenue: 6 unit Strata Titled building on a 5021 sq.ft. lot in heart of Uptown New West. The 9 yr old Heritage building was completely rebuilt to "new", strata plan registered in 2012; 5 X 2 Bdrm and 1 X 1 Bdrm & Den Suites ranging in size from 659 SF. to 929 SF., total living area 4517 SF. (from Strata plan). All suites are attractive, well finished, 5 appliances, in-suite laundry, all with separate, townhouse style entrances. Income currently well under market from good, longer term tenants. Current Assessed Value (aggregate) = $2,681,000. Similar aged & sized condos in area selling @ average $650/SF which applied here = $2,936,000 aggregate. This is a very easy care investment and fantastic value with obvious upside. Showing by Appointment Only COVID Rules, min 2 Day Notice. All Masked, must confirm. Call Bob Bracken 604 220-2035 for Showings, Info Pkg, All Details.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
# Units:
6
# Storeys:
3.0
Year built:
2012 (Age: 9)
Land Use/Zoning:
RS-1
Taxes:
$11,950 / 2021
Env Assmt Phase:
None
Cap Rate %:
2.0
Other Income:
$0
Effective Gross Income:
$90,324
Gross Income:
$90,324
Oper. Expenses:
$38,044
Net Operating Income:
$52,280
Previous Price:
$24,900,000
Original Price:
$24,900,000
Data was last updated September 19, 2021 at 07:10 PM (UTC)

Newsletter

Sign-up to receive Bob Bracken's Real Estate Investment newsletter.

*indicates required fields.
Name:*
Email:*

Click here for Bob Bracken's Real Estate case studies

  looking at buying
  home
  past client
  Contact Me
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.