$2,590,000
About this Business
423 Sixth Street offers the opportunity to acquire a three-storey multi-family revenue property in the heart of New Westminster. The property generates over $200,000 in annual gross income and is designated for future higher-density redevelopment. Built in 1890, the home sits on a 9,801 sq. ft. lot (zoned C-2) and features five self-contained authorized suites on the upper floors plus a basement. The property contains five parking stalls for tenants as well as two garage units that are currently rented out as storage. The property is designated Mixed Use – Low Rise under the New Westminster Official Community Plan (OCP), which allows for the construction of a medium density mixed-use building.
Listed by Dexter Realty.
Brought to you by your friendly REALTORS® through the MLS® System,
courtesy of BrixWork for Realtors for your convenience.
Disclaimer: This
representation is based in whole or in part on data generated by the Chilliwack
& District Real Estate Board, Fraser Valley Real Estate Board or Real Estate
Board of Greater Vancouver which assumes no responsibility for its accuracy.
Features
- MLS®: R3061083
- Type: Business
- Bedrooms: 5
- Bathrooms: 5
- Square Feet: 4,547 sqft
- Lot Size: 9,801 sqft
- Frontage: 66.00 ft
- Full Baths: 5
- Half Baths: 0
- Title: Freehold NonStrata
- Taxes: $10593.89
- Parking: Other, Front Access, Concrete (5)
- Basement: Full
- Storeys: 2 storeys
- Year Built: 1890
Why list with us?
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