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1210 Seventh Ave 16 Unit Apartment Building $6,188,000 CAD ($386,750 CAD/Unit) 4.25% Cap Rate New Westminster, BC V3M 2J7
Investment Highlights
- Completely renovated 16-unit apartment building.
- Hands-free, high-quality investment property.
- New flooring, windows, kitchens, bathrooms, roof, and more.
Executive Summary
Westview Manor is situated in the West End area of New Westminster, midblock between Twelfth and Thirteenth Street. There are many restaurants, shopping, parks and schools in the vicinity.
The building has been completely redone right into each and every unit. In addition to having washers and dryers in each suit, new flooring, windows, kitchens, bathrooms, roof, anything else you can think of has been renovated. The exterior of the building has an excellent curb appeal. This should be seen by anyone looking for a hands-free, high-quality investment property.
The building has been completely redone right into each and every unit. In addition to having washers and dryers in each suit, new flooring, windows, kitchens, bathrooms, roof, anything else you can think of has been renovated. The exterior of the building has an excellent curb appeal. This should be seen by anyone looking for a hands-free, high-quality investment property.
Property Facts
| Price | $6,188,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $386,750 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.25% | Building Size | 12,000 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2018 |
| Property Subtype | Apartment | ||
| Zoning | RT-1A | ||
| Price | $6,188,000 CAD |
| Price Per Unit | $386,750 CAD |
| Sale Type | Investment |
| Cap Rate | 4.25% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 12,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1960/2018 |
| Zoning | RT-1A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
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1210 Seventh Ave
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