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:4069)
Address
217 ROYAL AVENUE
List Price
$4,990,000
Property Type
Multi-family
Area
British Columbia
Sub-Area
New Westminster
Floor Area
11,347 Sq. Ft.
Lot Size
8872 Ac.
Year Built
1961
MLS® Number
C8052084
Listing Brokerage
Nu Stream Realty Inc.
Postal Code
V3L1H4
Zoning
RM2
Features
Lane
Amenities
Balconies
