8,154 Sq.Ft. Lot improved with a 10-unit rental apartment building generating a 4%+ net cap rate, located just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers meaningful rental upside driven by its prime location and strong demand fundamentals. RM-2 zoning permits low-rise apartment redevelopment up to 1.8 FSR, providing a path to redevelopment in addition to value-add potential.
Address
727 Fourth Avenue
List Price
$1,750,000
Property Type
Residential
Type of Dwelling
Other
Style of Home
Other
Structure Type
Residential Detached
Transaction Type
Sale
Area
New Westminster
Sub-Area
GlenBrooke North
Bedrooms
8
Bathrooms
10
Floor Area
4,000 Sq. Ft.
Main Floor Area
2000
Lot Size
8154 Sq. Ft.
Lot Size (Acres)
0.19 Ac.
Lot Size Units
Square Feet
Total Building Area
4000
Year Built
1944
MLS® Number
R3080584
Listing Brokerage
Macdonald Commercial Real Estate Services Ltd.
Basement Area
None
Postal Code
V3L 2W4
Zoning
RM-2
Ownership
Freehold NonStrata
Parking
Open
Tax Amount
$8,018.42
Tax Year
2025
Site Influences
Balcony
Exterior Features
Balcony
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Mixed
Number Of Floors In Property
2
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