Properties

217 ROYAL AVENUE, New Westminster, British Columbia V3L 1H4

New Westminster For Lease

C$4,990,000
Description

DEVELOPER & INVESTOR ALERT, great FREE STANDING income generating property for sale with HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity in future. This 4-Storey multi-family building located in vibrant Queens Park with stunning Panoramic River Views from south exposure. There are 19 1-bedroom units include 2 penthouse suites with free parking in back yard, well maintained for a cozy and quiet living atmosphere, hardwood floor, 7 years’ old boiler. Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL–HIGH RISE), potential for high density residential development. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College, you name it. Walk Score: 80/Very Walkable. School catchment: Qayqayt Elementary and New Westminster Secondary. Great opportunity for developers & investors. Do not walk through property, do not bother occupants! Call to inquire.

Property Details
Listing Type : For Lease
MLS ID : C8052084
Price : C$4,990,000
Status : Active
Year Built : 1961
Bedrooms : 0
Bathrooms : 0
Square Footage : 11,347 Sqft
Lot Area : 8,872.55 Sqft
Area : New Westminster
Sub-Area : Queens Park
City : New Westminster
Province : British Columbia
Postal Code : V3L 1H4
Region : Greater Vancouver
Land Size Hectres : 0 Sqft
Land Size Acres : 0 Sqft
Additional Information
Zoning : RM2
Listing Office : Nu Stream Realty Inc.
Source : Vancouver
Virtual Tour URL : https://my.matterport.com/show/?m=RGoyeD9cckW
Total Lease Area : 0
For Lease
  • MLS ID : C8052084
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 11,347 Sqft
  • Listed by:
    Nu Stream Realty Inc.
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OUR LISTING PROCESS

Clear and stress-free steps to guide you through the complexity of listing your property on the market, public or private.

STEP 1

Fill out the Seller inquiry form

This is your initial contact point. Submit the listing inquiry form, and we will reach out to you via email or phone to schedule a discovery call. You can also specify a preferred time for us to call you back in the message field.

STEP 2

Two way discovery

We will ask you a series of questions to determine the best approach for selling your property. We will also provide details on our listing strategies and packages for you to choose from. Additionally, this step allows you to ask any questions you may have about our process.

STEP 3

You pick how you'd like to proceed

Once you have a day or two to digest everything we discussed, we’d love to hear your decision. Let us know: 1. Which strategy you’d like us to implement for selling your property. 2. Which Tiered Service Level best suits your needs, so we can tailor our approach accordingly.

STEP 4

Reporting and pricing your property

After receiving a clear intention from you, we will proceed with conducting a Comparative Market Analysis and providing you with a detailed report. This report will help us determine the most effective pricing strategy for your property. This step can be completed either in person or remotely.

STEP 5

Decision and contract

At this stage, you will have gathered all the necessary information about our process, costs, strategies, and your property's value. The decision on pricing, listing duration, and other details is entirely up to you. To comply with the Real Estate Act and regulations, we will need to meet in person for the listing contract signing.

STEP 6

Listing preparation

Depending on the chosen service level, we will conduct a property photo shoot, 3D tour scan, floor plan measurements, brochure printing, and/or staging before the listing goes live to the public

STEP 7

Listed!

Your listing is live! The listing process is now complete, and we are moving full steam ahead with advertising, digital promotions, and social media marketing. At this stage, we are fully engaged in the 'Sales Process,' which includes open houses, private showings, offer negotiations, and more.

GET STARTED NOW WITH THE SELLER'S INQUIRY FORM