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404 Royal Avenue

New Westminster

12 Bed, 8 Bath Fourplex

$2,850,000

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. Excellent 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 including numerous new windows and sliding doors, 2 new kitchens, flooring, 3 freshly painted units, new fences, new bathrooms, landscaping etc...! OCP designated as Mid Rise Apartment- rezoning potential! 350m to Columbia Skytrain (3.0FAR allowance per TOD legislation).

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AT A GLANCE

MLS® # R2819578
Subarea Downtown NW
Beds 12
Baths 4 + 4 ½ Baths
Size 5,208 sqft
Lot Size 6,468 SqFt.
Lot Dimensions 49.00 × 132
Built 1979
Taxes $8,670.81 in 2022

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LISTING BROKERAGE

Oakwyn Realty Ltd.

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Les Twarog
Re/Max Crest Realty
les@bccondos.net

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DISCLAIMER

Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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