21,619 sqft
Living Area
23,925 sqft
Lot
1925
Year Built
About This Property
This multi-family in New Westminster offers 21,619 sqft of living area on a 23,925 sqft lot. Built in 1925. The property has lot dimensions of 23925. Monthly condo fee of $0.
MLS Remarks
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 4.63% 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. **New furnace & high-speed fibre optic internet recently installed. (id:60351)
Overview
Property Typeresidential
Sub-Typemulti-family
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