608 Tenth Street

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Address: 608 Tenth Street, New Westminster, British Columbia, CA
Created date: February 13, 2024
Date last updated: February 13, 2024
  • 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $3,625,000
No. of Units: 11
Year Built: 1953
Lot Size: 0.17 Sq ft
Opportunity Zone: No
Price per unit: $329,545
Property Website Click Here
Address: 608 10th St, New Westminster, BC V3M 3Z7, Canada
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