615 TWELFTH STREET - $2,399,000

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$2,399,000
615 TWELFTH STREET
New Westminster, British Columbia V3M4J3
MLS® Number: C8078007
3,444Sq Ft
1946Year Built
Multi-FamilyType

About This Property

Potential redevelopment opportunity! Busy corner location with excellent visibility. Great investment with holding income in this 3,444 sq ft building (retail commercial unit + 2 residential units). Zoning is C2-A, OCP is (ML) Mixed Use - Low Rise which allows up to 6 storeys. Please do not disturb tenants. (id:64973)

Rose's Thoughts
Rose Marie Manno

The $697 per square foot price tag for this 3,444 square foot multi-family property in New Westminster is in line with the local market, reflecting its desirable corner location and redevelopment potential. This asset is well-suited for investors seeking stable rental income, with two residential units and a commercial space providing a diversified revenue stream in a high-traffic area.

Property Details

Living Area3,444 sq ft
Lot Size4698 (4,698 square feet)
Year Built1946
Property TypeMulti-Family
Annual Taxes$22,713
CityNew Westminster
Postal CodeV3M4J3
MLS® #C8078007

Location

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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.

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