217 ROYAL Avenue
New Westminster
V3L 1H4
$4,990,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8052084
- Build. Type:
- Freestanding
- Photos (22)
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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.
- Sale Type:
- Asset
- Construction:
- Wood Frame, See Remarks
- Building Type:
- Freestanding, Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
- Name of Complex/Subdivision:
- Signup
- # Units:
- 19
- # Other Units:
- Signup
- # of Appartments:
- 19
- # of Studio Appartments:
- 0
- # of Penthouse Appartments:
- 2
- # of Bachelor Appartments:
- 0
- # of 4+ Bedroom Appartments:
- 0
- # of 1 Bedroom Appartments:
- 17
- # of 2 Bedroom Appartments:
- 0
- # of 3 Bedroom Appartments:
- 0
- # Storeys:
- 4.0
- Year built:
- 1961 (Age: 63)
- Total Floor Area:
- 11,347 sq. ft.
- Lot Area:
- 8,872.55 sq. ft.
- Lot Depth:
- 163
- Lot Frontage:
- 54'2"
- Land Use/Zoning:
- RM2
- Permitted Use:
- Multifamily (5+), Residential
- Taxes:
- $17,305.26 / 2023
- Balconies, Laundry Facility, Paved Yard, Fenced Yard
- Services Connected:
- Cable, Electricity, Garbage Collection, Lane Paved
- Water Supply:
- Municipal
- Roof:
- Signup
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- Not Applicable
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Virtual Tour
Listed by Nu Stream Realty Inc.
Data was last updated November 17, 2024 at 12:10 AM (UTC)
- RANDAL KUNG
- RE/MAX COMMERCIAL
- 1 (604) 7871234
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2024 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
Tang and Kung Real Estate Group
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Tang and Kung Real Estate Group
RE/MAX Crest Realty - Commercial Division
290 3631 No. 3 Rd. Richmond BC V6X 2B9
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.