21,619 ft2
$6,500,000
Carlton Court is a meticulously maintained 26-suite, three-storey rental apartment building located in the highly desirable Queen's Park neighborhood of New Westminster. Built in 1925, this iconic heritage property has served as a community landmark for a century. It generates over $35k/month in gross income (more than $400k/year) with a 4.3% cap rate and significant upside potential. The unit mix includes 21 one-bedrooms, 1 two-bedroom, and 4 bachelors, with a historically low vacancy rate below 0.5% and a strong tenant base. The building features original hardwood floors, heritage decor, an open-air courtyard, tenant storage, on-site laundry, 13 enclosed garages, and ample street parking. Professionally managed and in excellent condition, this is a rare opportunity to acquire a legacy asset in one of Metro Vancouver's most sought-after rental markets. (id:57557)
Business
Business Type
|
Other |
Business Sub Type
|
Other |
Property Details
MLS® Number
|
C8070444 |
Property Type
|
Multi-family |
Neigbourhood
|
Queens Park |
Features
|
Lane |
Building
Amenities
|
Street Lighting |
Constructed Date
|
1925 |
Size Interior
|
21,619 Ft2 |
Land
Acreage
|
No |
Sewer
|
Storm Sewer |
Size Irregular
|
23925 |
Size Total
|
23925 Sqft |
Size Total Text
|
23925 Sqft |
Zoning Description
|
Rs-4 |
Utilities
Cable
|
Available |
Electricity
|
Available |
Natural Gas
|
Available |
Telephone
|
Available |
https://www.realtor.ca/real-estate/28545676/317-third-avenue-new-westminster