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Devonshire House 621 Eighth St 84 Unit Apartment Building $30,000,000 CAD ($357,143 CAD/Unit) 2.48% Cap Rate New Westminster, BC V3M 3S5
EXECUTIVE SUMMARY
A well-located, prime 84-unit concrete high-rise apartment building, centrally located in New Westminster, BC. The building offers spacious suites with each suite boasting two balconies! There is major rental income upside considering the size of these units. A concrete high-rise in a prime location with significant rental upside is a rare opportunity – don’t miss out!
PROPERTY FACTS
| Price | $30,000,000 CAD | Apartment Style | Hi-Rise |
| Price Per Unit | $357,143 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 2.48% | Building Size | 84,000 SF |
| No. Units | 84 | No. Stories | 15 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Zoning | RM4 | ||
| Price | $30,000,000 CAD |
| Price Per Unit | $357,143 CAD |
| Sale Type | Investment |
| Cap Rate | 2.48% |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 84,000 SF |
| No. Stories | 15 |
| Year Built | 1967 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | RM4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Online Services
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 42 | - | 650 |
| 2+1 | 42 | - | 909 |
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Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (74)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Devonshire House | 621 Eighth St
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