217 Royal Avenue New Westminster, British Columbia V3L 1H4
$4,990,000
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:59126)
Property Details
| MLS® Number | C8052084 |
| Property Type | Multi-family |
| FarmType | Other |
| Features | Lane |
Building
| Amenities | Balconies |
| ConstructedDate | 1961 |
| SizeInterior | 11347 Sqft |
Land
| Acreage | No |
| FenceType | Fenced Yard |
| SizeIrregular | 8872 |
| SizeTotal | 8872 Sqft |
| SizeTotalText | 8872 Sqft |
| ZoningDescription | Rm2 |
Utilities
| Cable | Available |
| Electricity | Available |
https://www.realtor.ca/real-estate/25686772/217-royal-avenue-new-westminster
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February 26 2025 10:55:38
Real Estate Board Of Greater Vancouver
Nu Stream Realty Inc.
