404 Royal Avenue
New Westminster
MLS®: R2819578
12 Bed , 8 Bath , 5208 Sq.ft , Fourplex
$2,850,000

Description

TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income $11,220 per month. CAP 4%. Each unit are spacious 2 level, 3 bedrooms, 1.5 bath, in-suite laundry, approx 1200sq ft per unit + BONUS outdoor space and very private, surrounded by greenery. Ample parking and storage in the back of building. Excellent location with 88 walk score- 5 min walk to skytrain, 7 min to water, 1 block to City Hall & Park, 2 blocks to Douglas College. Many upgrades done including numerous new windows and sliding doors, 2 new kitchens, flooring, 3 freshly painted units, new fences, new bathrooms, landscaping etc...! OCP designated as Mid Rise Apartment- rezoning potential! 350m to Columbia Skytrain (3.0FAR allowance per TOD legislation).

MLS® R2819578
Beds 12
Baths 4 + 4 ½ Baths
Size 5208 Sq.Ft.
Lot Size 6468 Sq.Ft.
Lot Dimensions 49.00 × 132
Built 1979
Taxes $8,670.81 in 2022