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1222 5th Ave
New Westminster, BC V3M 1Y8
Multifamily Property For Sale
·
21 Units
Investment Highlights
- Exceptional walkability and connectivity to Downtown Vancouver and regional hubs.
- Highly visible corner location at East 12th Avenue and Commercial Drive in Grandview–Woodland.
- Just steps from Commercial-Broadway SkyTrain station and extensive transit options.
Executive Summary
Exceptional opportunity to acquire a substantially renovated 21 unit apartment building in New Westminster. The property features 16 one bedroom and five two bedroom suites, private balconies, underground parking, and in suite laundry in 18 units. Extensive improvements completed in 2016 included new plumbing, windows, balconies, kitchens, flooring, appliances, suite interiors, and upgrades to the lobby and common areas. Potential to own with less than 30% down.
Property Facts
| Price Per Unit | $264,286 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| No. Units | 21 | Building Size | 18,945 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1977 |
| Apartment Style | Mid-Rise | Parking Ratio | 2.1/1,000 SF |
| Zoning | RM-2 | ||
| Price Per Unit | $264,286 CAD |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 18,945 SF |
| No. Stories | 4 |
| Year Built | 1977 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | RM-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 5 | - | - |
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