727 Queens Avenue
New Westminster, British Columbia V3M 1L7
$2,698,800
6 Bedroom6 Bathroom7209 sqft
MLS® Number
R2674519
Property Type
Single Family
Bathroom Total
6
Bedrooms Total
6
Amenities
Shared Laundry
Basement Development
Partially Finished
Basement Features
Unknown
Basement Type
Full (partially Finished)
Constructed Date
1912
Size Interior
7209 Sqft
Land
Acreage
No
Size Frontage
60 Ft
Size Irregular
7200
Size Total
7200 Sqft
Size Total Text
7200 Sqft
An excellent opportunity to own this 7209 sq/ft Edwardian Mansion(fully rented) to generate income. This multi-unit(9 legal units) character building is surrounded by other large historic character homes and sits on a large 60x120ft lot. Ideal for principal use and keep some tenants as income property for future development. Fire code and safety condition in good working order, features: fir, oak floors, bay windows with stained glass, clawfoot tubs, high ceilings, mosaic tiles, fire place and much more (please refer to updates list attached to listing). Cap rate of 3.5% with great rental upside, rents well below market. Excellent walking distance to Douglas college, skytrain, New Westminster Quay, Queens park and uptown, downtown restaurants & shopping! (id:44538)