608 Tenth Street

• High-yield 11 unit rental apartment building featuring a 4.85% cap rate
• All bright large corner units ~750 sf presenting an opportunity to renovate and convert to two-bedroom units
• Opportunity to add a 12th legal suite
• Additional revenue from on-site laundry, parking and storage
• Sloped 2-ply torch on roof requires less maintenance and lasts longer (~10 years old)
• Clean phase 1 environmental report
• Convenient access to shopping, services, amenities and transit
• Share purchase option available

Property Description

Avison Young is pleased to market for sale 608 Tenth Street, New Westminster, BC (the “Property”). This 11-unit rental apartment building features all large bright corner units with views. The layout and design provide for ease and flexibility to convert all the one-bedroom units to two-bedroom units with nominal capital cost. One already converted unit demonstrates the ease of conversion. There is also an ability to add an additional one-bedroom legal suite.