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Home BC Metro Vancouver New Westminster Queens Park
217 ROYAL AVENUE
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217 ROYAL AVENUE $4,990,000
$4,990,000
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217 ROYAL AVENUE
New Westminster, British Columbia V3L1H4

MLS® Number: C8052084

Listing Description

DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity in future. This 4-Storey multi-family building located in vibrant Queens Park with stunning Panoramic River Views from south exposure. There are 19 1-bedroom units include 2 penthouse suites with free parking in back yard, well maintained for a cozy and quiet living atmosphere, hardwood floor, 7 years' old boiler. Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL'HIGH RISE), potential for high density residential development. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College, you name it. Walk Score: 80/Very Walkable. School catchment: Qayqayt Elementary and New Westminster Secondary. Great opportunity for developers & investors. Do not walk through property, do not bother occupants! Call to inquire. (33738856)

Property Summary

Property Type
Multi-family
Land Size
8872 sqft
Built in
1961
Annual Property Taxes
$17,305.26
Time on REALTOR.ca
525 days

Building

Building Features
Features
Lane
Building Amenities
Balconies
Utilities
Utility Type
Cable (Available), Electricity (Available)

Measurements

Square Footage
11347 sqft

Land

Lot Features
Fencing
Fenced yard
Other Property Information
Zoning Description
RM2
Farm Features
Farm Type
Other
Data provided by: Greater Vancouver REALTORS® 2433 Spruce Street, Vancouver, British Columbia V6H 4C8

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