**COURT ORDERED SALE** Located in New Westminster's esteemed Queens Park area, this 11-unit property presents a stellar investment opportunity at a 5.41% CAP rate 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 (35152253)
Property Type
Multi-family
Annual Property Taxes
$12,819.49 (CAD)
Time on REALTOR.ca
3 days
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