230 Eighth Street, New Westminster

230 Eighth Street | New Westminster, BC

230 Eighth Street Sold by NAI Commercial

SOLD $4,380,000

The Opportunity

230 Eighth Street presents an opportunity for investors to acquire a fully rented building in a desirable area of New Westminster.

Rosemont Manor is a desirable building for tenants with secured underground parking and balconies in each suite.


Several Renovated Suites: upgrades to the kitchen, flooring, and bathrooms

Other Upgrades / Replacements: boiler (2011), hot water boiler & storage tank (2018), torch on roof (2007) and front stairwell windows 1st to 3rd floors (2018)

Prime Location Close to Various Amenities: Walking distance to SkyTrains, Douglas College and Royal City Centre Mall

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The Suite Mix

# of Units Average Size
Bachelor2548 SF
1-Bedroom15717 SF
2-Bedroom1935 SF

The Key Details

Sold DateDecember 21, 2022
Sold Price$4,380,000
Lot Size11,072 SF
Year Built1969
Property Taxes (2021)$18,774
FinancingA mortgage of $1.8 million may be assumed at 2.7% interest. The Vendor will consider carrying a second mortgage of up to $1 million with the interest rate to be negotiated.
Cap Rate3.4%
ParkingSecured underground parking

Property on Map

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.