Multi Family

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317 THIRD Avenue
Queens Park New Westminster V3L 1M5

$7,500,000
Multi-Family Commercial

Main Photo: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
Photo 1: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
Photo 2: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
Photo 3: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
Photo 4: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
Photo 5: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8041189
Bus Major:
Real Estate Services
Bus Minor:
Property Management
Build. Type:
Low Rise (2-4 stories)
Carlton Court is an exceptionally well-maintained 26-suite three-storey rental apartment building located in the highly desirable Queen’s Park area of New Westminster. Owner maintained to the highest standard, this immaculate building was built in 1925 and has served as the flagship heritage apartment building in the community for almost a century. This is the first time in 20 years this property has been on the market. It sits on a large south-facing 23,925 SF corner lot and features 26 units, a suite mix of 4 bachelors, 21 one-bedrooms and 1 two-bedroom with less than a 0.5% vacancy rate. Other highlights include original hardwood floors, heritage furnishings & decor, open courtyard, tenant storage lockers, common area washer/dryers, 13 covered garages and ample street parking.
Sale Type:
Asset
Business Name:
Dayland Developments Ltd.
Major Bus Type:
Real Estate Services
Minor Bus Type:
Property Management
Bus Op Since:
2001
Construction:
Brick/Masonry, Wood Frame, Mixed
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
Name of Complex/Subdivision:
# Bldgs:
1
# Units:
26
# Other Units:
# of Appartments:
26
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
4
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
21
# of 2 Bedroom Appartments:
1
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1925 (Age: 97)
Total Floor Area:
21,619 sq. ft.
Lot Area:
23,925 sq. ft.
Lot Depth:
145
Lot Frontage:
165'
Land Use/Zoning:
RS-4
Permitted Use:
Multifamily (5+)
Taxes:
$22,072.01 / 2021
Laundry Facility, Secured Building, Secured Parking
# Elevators:
0
Services Connected:
Cable, Curb; Gutter, Electricity, Garbage Collection, Lane Paved, Natural Gas, Telephone, Sanitary Sewer, Sewer - Storm, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Common Water Heater, Hot Water
Roof:
Sewer Septic:
Municipal/Community
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
    Photo 1 of 5
  • Photo 2: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
    Photo 2 of 5
  • Photo 3: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
    Photo 3 of 5
  • Photo 4: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
    Photo 4 of 5
  • Photo 5: 317 THIRD Avenue in New Westminster: Queens Park Multi-Family Commercial for sale in "CARLTON COURT" : MLS®# C8041189
    Photo 5 of 5
Listed by Team 3000 Realty Ltd.
Data was last updated January 25, 2022 at 10:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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