217 ROYAL Avenue
New Westminster
V3L 1H4
$4,990,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8052084
- Build. Type:
- Freestanding
- Photos (26)
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DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with potential HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity. 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 & quiet living atmosphere, hardwood floor, 7 years old high efficiency Boiler, around 12 years old Water Tank, Re-Roofing 6 years ago, newer Double Glazed Windows and paint... Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL–HIGH RISE), potential for high density residential redevelopment. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College. Walk Score: 80/Very Walkable. Great opportunity for developers & investors. Showing only by appointment! Do not walk through property, do not bother occupants!
- Sale Type:
- Asset
- Construction:
- Wood Frame, See Remarks
- Building Type:
- Freestanding, Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
- Name of Complex/Subdivision:
- Signup
- # Units:
- 19
- # Other Units:
- Signup
- # of Apartments:
- 19
- # of Studio Apartments:
- 0
- # of Penthouse Apartments:
- 2
- # of Bachelor Apartments:
- 0
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 17
- # of 2 Bedroom Apartments:
- 0
- # of 3 Bedroom Apartments:
- 0
- # Storeys:
- 4.0
- Year built:
- 1961 (Age: 64)
- Total Floor Area:
- 11,347 sq. ft.
- Lot Area:
- 8,872.55 sq. ft.
- Lot Depth:
- 163
- Lot Frontage:
- 54'2"
- Land Use/Zoning:
- RM2
- Permitted Use:
- Multifamily (5+), Residential
- Taxes:
- $17,305.26 / 2023
- Balconies, Laundry Facility, Paved Yard, Fenced Yard
- Services Connected:
- Cable, Electricity, Garbage Collection, Lane Paved
- Water Supply:
- Municipal
- Roof:
- Signup
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- Not Applicable
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Virtual Tour
Listed by Nu Stream Realty Inc.
Data was last updated March 30, 2025 at 01:10 PM (UTC)
- Jean Seguin
- RE/MAX Real Estate Services
- 7787852135
- sales@vancouvercommercialbrokers.ca
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