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610 Blackford St
New Westminster, BC V3M 1R6
Key Manor Apartments · Multifamily Property For Sale
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29 Units
Investment Highlights
- 20 underground and 9 rear surface parking stalls.
- Recent upgrades include exterior painting, upgraded boiler and hot water tank, and common area upgrades.
Executive Summary
NAI Apartments is pleased to offer the opportunity to acquire a 29-unit apartment building in New Westminster on Blackford Street, between Sixth and Seventh Streets. The building is professionally managed and has undergone several renovations throughout recent years. Over $500,000 has been spent on building improvements. Key Manor has implemented its suite renovation program on 18 out of 29 suites (62% of total suites). The purchaser has an opportunity to renovate the balance of 11 suites. Please contact listing agents for additional information.
Property Facts
| Price Per Unit | $258,621 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 4% | Building Size | 25,353 SF |
| No. Units | 29 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | RM-2 | ||
| Price Per Unit | $258,621 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 25,353 SF |
| No. Stories | 4 |
| Year Built | 1968 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | RM-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | - |
| 2+1 | 7 | - | - |
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