101 Royal Avenue, New Westminster

101 Royal Avenue, New Westminster

$7,500,000 - Apartment Building - Sold by NAI Commercial

Property Attachments

    Sold Price: $7,500,000

    Sold Date: December 10, 2015

    Description
    We are pleased to offer a 48 unit apartment building in a prime New Westminster location that is within 750 meters of the SkyTrain. 40 of the units have been completely renovated with new countertops. appliances, paint, refinished hardwood floors, lighting, bathroom vanities. The property has also seen some capital improvements such as:

    • Newer Boiler
    • Newer Windows
    • Updated plumbing to main lines and risers
    • Views of the Fraser River or Mountains from most suites

    Property Details

    Number of Units 48
    Price Per Dooor $156,203
    Capitalization Rate 4.6%
    Net Operating Income $347,620
    Lot Size 132’ x 132’ = 17,424 square feet
    Parking 32 stalls both covered and uncovered

    Suite Mix

    One Bedroom 37
    Two Bedroom 8
    Two Bedroom Penthouse 3
    Total 48

    Property on Map

    Property Attachments

      No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.

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