24500 SF Redevelopment Site - Uptown New Westminster - Strata Wind Up

Multi-Family for Sale
Catylist Listing ID: 30325543
Property Subtypes: Mid-Rise
Number of Units: 33 Units
Building Size (RSF): 32,000 SF
Gross Building Area: 47,403 SF
Gross Land Area: 24,500 SF
Sale Price: See Agent
Property Use Type: Investment
Building Name: Norfolk House
Sale Terms: Undisclosed
Up For Auction: Yes
Cap Rate: Undisclosed
Last Updated: 11/9/2018

Overview / Comments

RE/MAX Commercial Advantage Strata Assembly along with the Owners of NWS 286 are pleased to present the opportunity to purchase 100% interest in 815 Fourth Ave (the “Property), located mid-block on the North Side of Fourth Avenue, just south of Eighth Street. This 3 Story, wood-framed, 33-Unit Multifamily Strata Property was built in 1964. Residents enjoy easy walks to the Sky Train Station as well as Royal City Centre and Uptown Business District with numerous amenities. Property is currently RM-2 zoned and in the Downtown New Westminster portion of the Official Community Plan adopted October 2, 2017 called (RM) Medium-Density Multi-Family. Please contact listing agents to register interest and gain access to the Data Room which contains the Massing Study.

Attachments & Media

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Taxing Authority: New Westminster
Parcel ID: 001-260-804
Zoning: RM-2
Percent Occupied: 100%
Area Description: Quickly emerging as the hottest place to invest and call home New Westminster is often referred to the Brooklyn of Metro Vancouver. The Uptown neighborhood overlooks the Fraser River Quay and has 2 Sky Train Stations and easy access to Highways. Nearby Royal City Centre (Walmart, Whitespot, & Save-on-Foods), Anvil Conference Centre, and over 45 different shops and services make Uptown the place to call home for young professionals who are looking for the urban lifestyle without the traffic.
Number of Stories: 3
Year Built: 1964
Year Renovated: 1975
Parking Type: Surface
Land Ownership: Strata Plan NWS 286
Legal Description: Please inquire with agent.

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Photograph of Listing Agent

Steve Da Cruz | CCIM

Personal Real Estate Corporation
RE/MAX Commercial Advantage Commercial First Member
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