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325 Ash St
New Westminster, BC V3M 3M8
Magnolia Manor · Multifamily Property For Sale
·
27 Units
INVESTMENT HIGHLIGHTS
- Further Price Reduction – Outstanding value for a stabilized multifamily asset
- Prime East Vancouver Location – Near schools, parks, and Trout Lake, in a highly desirable rental area
- Redevelopment Potential – Future density uplift possible (buyer to verify with City)
- 27 Units on Large Lot – Situated on a spacious 20,797 SF lot, offering long-term redevelopment potential
- Strong Investment Opportunity – Stable income with value-add upside in a high-demand rental market
- Extensive Building Upgrades
EXECUTIVE SUMMARY
FURTHER PRICE REDUCED
FOR SALE | 27-Unit Apartment Building on Large 20,797 SF Lot
NAI Apartments is pleased to offer the opportunity to acquire a 17-unit apartment building.
Investment Highlights and Building Upgrades
• Coveted Location: Close to schools, parks and Trout Lake.
• Recent Improvements: New windows, recently painted exterior and common areas. Updated plumbing. New hot water tanks.
FOR SALE | 27-Unit Apartment Building on Large 20,797 SF Lot
NAI Apartments is pleased to offer the opportunity to acquire a 17-unit apartment building.
Investment Highlights and Building Upgrades
• Coveted Location: Close to schools, parks and Trout Lake.
• Recent Improvements: New windows, recently painted exterior and common areas. Updated plumbing. New hot water tanks.
PROPERTY FACTS
| Price Per Unit | $242,593 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 3.35% | Building Size | 27,000 SF |
| No. Units | 27 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-2 - RM-2 | ||
| Price Per Unit | $242,593 CAD |
| Sale Type | Investment |
| Cap Rate | 3.35% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 27,000 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | RM-2 - RM-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 27 | - | - |
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