Property Description

EXCELLENT HOLDING PROPERTY FOR FUTURE DEVELOPMENT, PRIME LOCATION IN QUEENS PARK. 11 UNIT APARTMENT BUILDING. Trophy property, large land parcel and all three lanes of the block converge to this site, non-heritage, legal 10 suites, all self contained, plus one additional suite and separated metered for all utilities, hydro, gas, cable. Additional separated building with 5 bay garage with good revenue as well. Benchmark property with excellent revenue and yet much less entry cost, excellent cape rate with future development upside. Recent Queens Park OCP 2041 proposed for medium density transition zone towards 6th St. high rise zoning. Newer high efficiency Super Hot smart boiler system, all electrical and copper piping done in 1990’s, clean environmental phase 1 recently completed.

Multifamily

411 THIRD AVENUE, Queens Park, BC V3L 2S3

6 Bedrooms
8 Bathrooms
8,260 Sqft
C$4,600,000
Listing ID #R2412217
Basic Details
Property Type : Multifamily
Listing ID : R2412217
Price : C$4,600,000
View : No
Bedrooms : 6
Bathrooms : 8
Half Bathrooms : 0
Total Baths : 8
Square Footage : 8,260 Sqft
Year Built : 1912
Lot Area : 0.41 Acre
Status : Active
Type of Dwelling : Other