53 Fourth Street, New Westminster

53 Fourth Street, New Westminster

$1,875,000 - Sold by NAI Commercial

SOLD PRICE: July 8, 2016

SOLD DATE: $1,785,000


Location


The subject property is on a corner lot in the Downtown area. This location is only one block from the Columbia SkyTrain Station. This extremely well-located building is also in proximity to many shopping and dining amenities on Columbia Street and throughout the Downtown.


Apartment Building


This three-storey, wood-frame character building is in excellent condition with features such as exposed timbers and stained glass windows. Each unit is fully outfitted with authentic hardwood flooring and the roof has been done within the last twelve months


Property Details
Number of Units 10
Price Per Door $187,500
Capitalization Rate 4.0%
Net Operating Income $77,168
Lot Size 4,413 square feet
Zoning C-4
Legal Description The property is an Airspace Parcel
Suite Mix
One Bedroom 10
Total 10

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.

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