8, 154 Sq.Ft. Lot improved with a 10-unit rental apartment building generating a 4%+ net cap rate, located just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers meaningful rental upside driven by its prime location and strong demand fundamentals. RM-2 zoning permits low-rise apartment redevelopment up to 1.8 FSR, providing long-term density and value-add potential.
Listed by Macdonald Commercial Real Estate Services Ltd..
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Anthony Drlje for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
- MLS®: R3163433
- Bedrooms: 8
- Bathrooms: 10
- Type: House
- Square Feet: 4,000 sqft
- Lot Size: 8,154 sqft
- Full Baths: 10
- Half Baths: 0
- Taxes: $8018.42
- Parking: Open (4)
- Basement: None
- Storeys: 2 storeys
- Year Built: 1944
- Style: Other
Browse Photos of 727 Fourth Avenue
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Anthony Drlje for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.