727 Fourth Avenue
GlenBrooke North, New Westminster
$1,750,000
About this House
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 a path to redevelopment in addition to value-add potential.
Listed by Macdonald Commercial Real Estate Services Ltd..
Brought to you by your friendly REALTORS® through the MLS® System,
courtesy of BrixWork for Realtors 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.
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Features
- MLS®: R3080584
- Type: House
- Bedrooms: 8
- Bathrooms: 10
- Square Feet: 4,000 sqft
- Lot Size: 8,154 sqft
- Full Baths: 10
- Half Baths: 0
- Taxes: $8018.42
- Basement: None
- Storeys: 2 storeys
- Year Built: 1944
- Style: Other
Photos
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