New Westminster, 404 ROYAL AVENUE - For Sale, $2,850,000

$2,850,000 Sale

Listed 51 days ago

404 ROYAL AVENUE

MLS® C8054811 Multi-Family Commercial

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Beds · 0

Baths · 0

Parking · -

Sqft · 5208

Est. mortgage

$10,812/mo

Property Taxes

$9,731/yr

Key Facts

Key facts for 404 ROYAL AVENUE

Property Type

Commercial

Parking

MLS #

C8054811

Size

5208 sqft

Basement

Listed on

Lot size

Tax

$9,731 /yr

Days on Market

Year Built

1979

Maintenance Fee

Description

TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income $11,220 per month. CAP 4%. Each unit are spacious 2 level, 3 bedrooms, 1.5 bath, in-suite laundry, approx 1200sq ft per unit + BONUS outdoor space and very private, surrounded by greenery. Ample parking and storage in the back of building. Excell...ent location with 88 walk score- 5 min walk to skytrain, 7 min to water, 1 block to City Hall & Park, 2 blocks to Douglas College. Many upgrades done and well maintained building! OCP designated as Mid Rise Apartment- rezoning potential!Zoned for Multiple Unit Residential District (High Density)

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Full Property Details

Interior

Washrooms

Square Footage

5208 sqft

Washrooms

Square Footage

5208 sqft

Exterior

Front

49.00

Acreage

0.15

Waterfront

Total Parking Spaces

Garage Spaces

Zoning

RM6A

Front

49.00

Acreage

0.15

Waterfront

Total Parking Spaces

Garage Spaces

Zoning

RM6A

Building Description

Property Type

Commercial

Home Type

Commercial

Subtype

Multi-Family Commercial

Year Built

1979

Water Supply

Municipal

Property Type

Commercial

Home Type

Commercial

Subtype

Multi-Family Commercial

Year Built

1979

Water Supply

Municipal

Community

Downtown NW

Area Code

New Westminster

Community

Downtown NW

Area Code

New Westminster

Taxes & Fees

Taxes

$9,731 /yr

Tax Year

2023

Taxes

$9,731 /yr

Tax Year

2023