About 727 Fourth Avenue
8, 154 Sq.Ft. Lot improved with a 10-unit rental apartment building generating a 4%+ net cap rate, located just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers meaningful rental upside driven by its prime location and strong demand fundamentals. RM-2 zoning permits low-rise apartment redevelopment up to 1.8 FSR, providing long-term density and value-add potential.
Features of 727 Fourth Avenue
| MLS® # | R3163433 |
|---|---|
| Price | $1,560,000 |
| Bedrooms | 8 |
| Bathrooms | 10.00 |
| Full Baths | 10 |
| Square Footage | 4,000 |
| Acres | 0.19 |
| Year Built | 1944 |
| Type | Residential |
| Sub-Type | Other |
| Style | Other |
| Status | Active |
| Title To Land | Freehold NonStrata |
Community Information
| Address | 727 Fourth Avenue |
|---|---|
| Area | New Westminster |
| Subdivision | GlenBrooke North |
| City | New Westminster |
| Province | BC |
| Postal Code | V3L 2W4 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Open |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Heating | Other |
Exterior
| Exterior Features | Balcony |
|---|---|
| Construction | Frame Wood, Other (Exterior), Stucco |
Additional Information
| Days on Website | New |
|---|---|
| Taxes | $8,018.42 |
| Area | 8,154.00 Sq. Ft. |
Listing Details
| Office | Macdonald Commercial Real Estate Services Ltd. |
|---|