My Office Listings

217 ROYAL Avenue
Queens Park New Westminster V3L 1H4

$4,990,000
Multi-Family Commercial

Main Photo: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
Photo 1: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
Photo 2: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
Photo 3: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
Photo 4: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
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Photo 22: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
Photo 23: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
Photo 24: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
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Photo 26: 217 ROYAL Avenue in New Westminster: Queens Park Multi-Family Commercial for sale : MLS®# C8052084
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8052084
Build. Type:
Freestanding
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.
Sale Type:
Asset
Construction:
Wood Frame, See Remarks
Building Type:
Freestanding, Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
# Units:
19
# of Apartments:
19
# of Studio Apartments:
0
# of Penthouse Apartments:
2
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
17
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
# Storeys:
4.0
Year built:
1961 (Age: 63)
Total Floor Area:
11,347 sq. ft.
Lot Area:
8,872.55 sq. ft.
Lot Depth:
163
Lot Frontage:
54'2"
Land Use/Zoning:
RM2
Permitted Use:
Multifamily (5+), Residential
Taxes:
$17,305.26 / 2023
Balconies, Laundry Facility, Paved Yard, Fenced Yard
Services Connected:
Cable, Electricity, Garbage Collection, Lane Paved
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Not Applicable
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Listed by Nu Stream Realty Inc.
Data was last updated December 23, 2024 at 06:10 PM (UTC)
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). 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 either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2024 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). 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 either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.