Multi Family

521 VICTORIA Street
Downtown NW New Westminster V3L 1C6

$1,999,000
Multi-Family Commercial

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Prop. Type:
Multi-Family Commercial
MLS® Num:
C8012352
Status:
Active
Build. Type:
Low Rise (2-4 stories)
Locatedin the heart of New Westminster's Downtown Neighbourhood. Mixed-use density zoning with an overall 5.2 FSR density including a 2.21 maximum FSR for residential. 5 minute walk to both the New Westminster and Columbia Skytrain stations. Douglas College, one of BC's largest public colleges is situated one block to the west, with shopping, restaurants, and entertainment all within minutes of the subject property. The subject site runs along Sixth Street with two corners on Agnes and Victoria Streets with Royal Avenue, a major arterial route, two blocks north. Rare double-corner lot offering excellent exposure. Opportunity to acquire 5 lots totaling 17,400 square foot mixed use development site with holding properties in New Westminster's core Downtown neighbourhood.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame, Mixed
Building Type:
Low Rise (2-4 stories)
# Units:
9
# Storeys:
2.0
Year built:
1953 (Age: 64)
Land Use/Zoning:
C-4
Taxes:
$4,842.46 / 2016
Services Connected:
Electricity, Telephone, City Water
Water Supply:
Municipal
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
$23,000
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
RE/MAX Real Estate Services
Listing information last updated on 24-May-2017 3:46 AM