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$ 2,850,000
Est. payment | /mo
10,018 Sqft Lot
$ 2,850,000
Est. payment | /mo
10,018 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8071076
Year Built 1890
Lot Size 10,018 Sqft
Property Sub-Type Multi Family
Property Description
423 Sixth Street offers the opportunity to acquire a three-storey multi-family revenue property in the heart of New Westminster. The property generates over $200,000 in annual gross income and is designated for future higher-density redevelopment. Built in 1890, the home sits on a 9,801 sq. ft. lot (zoned C-2) and features five self-contained authorized suites on the upper floors and a basement generating additional revenue from unauthorized rentals. The property contains five parking stalls for tenants as well as two garage units that are currently rented out as storage. The property is designated Mixed Use – Low Rise under the New Westminster Official Community Plan (OCP), which allows for the construction of a medium density mixed-use building.
Location
Province BC
Community Queens Park
Area New Westminster
Zoning C-2
Interior
Heating Baseboard, Hot Water, Mixed
Cooling Mixed
Exterior
Utilities Available Curb/Gutter, Fully Serviced, Natural Gas Connected, Sidewalk
Roof Type Asphalt
Street Surface Paved
Building
Story 2
Sewer Public Sewer
Water Public
Others
Ownership Freehold
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