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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
Prop. Type:
Multi-Family Commercial
MLS® Num:
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:
Property Type:
Multi-Family Commercial
Wood Frame
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
# Units:
# Storeys:
Year built:
2012 (Age: 9)
Land Use/Zoning:
$11,950 / 2021
Env Assmt Phase:
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Previous Price:
Original Price:
Data was last updated September 19, 2021 at 07:10 PM (UTC)


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