Menu
  • 329 Seventh Street, New Westminster, BC
  • 329 Seventh Street, New Westminster, BC

12,956 ft²
Multifamily
$5,995,000
Sale


Terry Harding
Terry Harding
NAI Commercial BC

Download Brochures

$255,000 PRICE REDUCTION NAI Apartments is pleased to offer the opportunity to acquire a 21-unit apartment building in New Westminster on Seventh Street, between Fourth Avenue and Blackford Street. The St. Michelle building is professionally managed and has undergone several renovations throughout recent years totalling over $300,000. Investment Highlights and Building Upgrades • Full suite renovations • Exterior refurbishment and painting • Lobby renovation • Breaker panels in each suite • Energy efficient lighting throughout building common areas & suites • Landscaping • New appliances in renovated suites Suite Renovations - St. Michelle has implemented its suite renovation program on 14 out of 21 suites (67% of total suites). The purchaser has an opportunity to renovate the balance of 7 suites.


The Space
Asking Price$5,995,000
Available Space12,956 ft²
Property UseMulti family
Net Operating Income$241,965/yr
SourceDirect

The Building
Property TypeMultifamily
Lot Size12,956 ft²
Inquire
Terry Harding
Terry Harding
NAI Commercial BC
Contact
Advertisement
Up to $500K for British Columbia businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.