Description:

EXCELLENT HOLDING PROPERTY FOR FUTURE DEVELOPMENT, PRIME LOCATION IN QUEENS PARK. 11 UNIT APARTMENT BUILDING. Trophy property, large land parcel and all three lanes of the block converge to this site, non-heritage, legal 10 suites, all self contained, plus one additional suite and separated metered for all utilities, hydro, gas, cable. Additional separated building with 5 bay garage with good revenue as well. Benchmark property with excellent revenue and yet much less entry cost, excellent cape rate with future development upside. Recent Queens Park OCP 2041 proposed for medium density transition zone towards 6th St. high rise zoning. Newer high efficiency Super Hot smart boiler system, all electrical and copper piping done in 1990's, clean environmental phase 1 recently completed.

Provided By: 

RE/MAX Select Properties

Address 411 THIRD AVENUE
MLS ® # R2412217 Price $4,600,000
Area New Westminster Community Queens Park
Taxes $12710.97 (2019) Mnt Fee $
Type Other Prop Style Multifamily
Bdr 6 Baths 8
Sqft 8260 Age 107
Frontage 97.00 Lot Depth 175
Sub Area Map Google Map