Listing Details

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Data was last updated 2025-04-18 at 18:22:23 GMT

404 Royal Avenue   New Westminster, British Columbia

$2,799,000
MLS®: R2991224
TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income potential $11,753 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).

TURN-KEY INVESTMENT- 4PLEX fully rented! Gross income potential $11,753 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).

Listing Information

Prop. Type:
Quadruplex
Status:
Active
City:
New Westminster
Bedrooms:
12
Full Bathrooms:
8
Neighborhood:
Downtown NW
Area:
New Westminster
Province:
British Columbia
MLS® Number:
R2991224
Listing Price:
$2,799,000
Taxes:
$8,671

General Information

Year Built:
1979
Lot Size (sqft):
6468.0 ft2
Total Square Feet:
5208ft2

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This property is listed by Oakwyn Realty Ltd. and provided here courtesy of Jim Beatty & Associates. For more information or to schedule a viewing please contact Jim Beatty & Associates.
Jim Beatty & Associates
Test brokerage
Phone: 403-607-5801
Mobile Phone: 403-607-5801
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The data relating to real estate on this web site comes in part from the MLS Reciprocity program of the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Boards. Real estate listings held by participating real estate firms are marked with the MLS logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board neither of which assume any responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver and/or the Fraser Valley Real Estate Board.
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