$4,990,000 FOR SALE

Multiplex

217 Royal Avenue
New Westminster, BC V3L 1H4

DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with potential HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity. 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 & quiet living atmosphere, hardwood floor, 7 years old high efficiency Boiler, around 12 years old Water Tank, Re-Roofing 6 years ago, newer Double Glazed Windows and paint... Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL'HIGH RISE), potential for high density residential redevelopment. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College. Walk Score: 80/Very Walkable. Great opportunity for developers & investors. Showing only by appointment! Do not walk through property, do not bother occupants! (id:47423)

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Listed By Nu Stream Realty Inc.
Data Provided By Greater Vancouver REALTORS®
MLS® Listing Number C8052084
Last Updated Feb 26, 2025
Property Summary
Property Type Multiplex

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Price History
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Detailed Information
Farm Type Other
Features Lane
Property Type Multi-family
Transaction Type For sale
Zoning Description RM2
Building
Amenities Balconies
Constructed Date 1961
Utilities
Type Description
CableAvailable
ElectricityAvailable
Land
Total Size 8872 square feet
Fence Type Fenced yard
Size of Irregular Land 8872

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