217 ROYAL AVENUE, New Westminster, British Columbia

New Westminster For Lease

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Description

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.

Property Details
Listing Type : For Lease
MLS ID : C8052084
Price : C$5,990,000
Status : Active
Year Built : 1961
Square Footage : 11,347 Sqft
Lot Area : 8,872.55 Sqft
Area : New Westminster
Sub-Area : Queens Park
City : New Westminster
Province : British Columbia
Postal Code : V3L 1H4
Region : Greater Vancouver
Land Size Hectres : 0 Sqft
Land Size Acres : 0 Sqft
Additional Information
Zoning : RM2
Listing Office : Nu Stream Realty Inc.
Source : Vancouver
Virtual Tour URL : https://my.matterport.com/show/?m=RGoyeD9cckW
Total Lease Area : 0
For Lease
  • MLS ID : C8052084
  • Square Footage : 11,347 Sqft
  • Nu Stream Realty Inc.
C$5,990,000
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