217 Royal Avenue, New Westminster, BC

$6,999,000 CAD

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11,347

Square feet

About 217 Royal Avenue

DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity in future. This 4-Storey multi-family building located in vibrant Queens Park with stunning Panoramic River Views from south exposure. There are 19 1-bedroom units include 2 penthouse suites with free parking in back yard, well maintained for a cozy and quiet living atmosphere, hardwood floor, 7 years' old boiler. Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL–HIGH RISE), potential for high density residential development. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College, you name it. Walk Score: 80/Very Walkable. School catchment: Qayqayt Elementary and New Westminster Secondary. Great opportunity for developers & investors. Do not walk through property, do not bother occupants! Call to inquire.

Features of 217 Royal Avenue

MLS® # C8052084
Price $6,999,000 CAD
Square Footage 11,347
Acres 0.00
Year Built 1961
Type Multi-Family Commercial
Status ACTIVE

Community Information

Address 217 Royal Avenue
Subdivision Queens Park
City New Westminster
Province BC
Postal Code V3L 1H4

Additional Information

Zoning RM2

Listing Details

OfficeNu Stream Realty Inc.

Listing Map

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