
An excellent opportunity to own this 7209 s.f. Edwardian Mansion(fully rented) to generate income. This multi-unit character building is surrounded by other large historic character homes and sits on a large 60x120ft lot, is generating $105,459/yr. Ideal for principal use and keep some tenants as income property for future development. Fire code and safety condition in good working order, features: fir , oak floors, bay windows with stained glass, clawfoot tubs, high ceilings, mosaic tiles, fire place and much more (please refer to updates list attached to listing). Cap rate of 3.5% with great rental upside, rents well below market. Excellent walking distance to Douglas college, sky train, New Westminster Quay, Queens park and uptown, downtown restaurants & shopping! (id:39665)
MLS® Number | C8043575 |
Property Type | Multi-family |
Constructed Date | 1912 |
Fireplace Present | No |
Size Interior | 7209 Sqft |
Acreage | No |
Sewer | Storm Sewer |
Size Irregular | 7200 |
Size Total | 7200 Sqft |
Size Total Text | 7200 Sqft |
Zoning Description | Rs-1 |
Electricity | Available |
Natural Gas | Available |
Sewer | At Lot Line |
https://www.realtor.ca/real-estate/24245389/727-queens-avenue-new-westminster
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