Located in New Westminster's esteemed Queens Park area, this 11-unit property presents a stellar investment opportunity with significant redevelopment potential. Offering a mix of studios and one-bedroom apartments, along with a separate five-stall garage, the building is well-suited for long-term holdings. With the possibility to construct an accessory dwelling, this property offers potential for future income increases. Tenants are responsible for their own utilities, contributing to low operational costs. Key upgrades include a new roof in 2006, updated electrical, and plumbing systems. This property is an ideal acquisition for investors seeking stable returns and growth in a prime location or developers looking for a stable income asset with infill development potential.
Balconies, Outside Storage, Secured Parking, Fenced Yard
Macdonald Commercial Real Estate Services Ltd.
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828 - 1200 W 73rd Ave, Vancouver, BC
V6P 6G5
Mobile: 604.729.0439
Phone: 604.729.0439
Email: mehdi@mehditeam.com