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Multifamily

Mager Apartments

327 Agnes St, New Westminster, BC V3L 1E7

Listing Price: $5,300,000

Cap Rate
3.05%
Number of Units
18
Price/Unit
$294,444
Price/Gross SF
$609.13
Gross SF
8,701

Investment Overview

Mager Apartments is is highly sought after by tenants, being just steps away from the Columbia Skytrain Station and the many amenities of downtown New Westminster. Four units are currently being held vacant and present a blank canvas for investors to work their own renovation program and rent out the units at above-market rents. The property has undergone numerous upgrades throughout its course of ownership including the installation of breaker panels in all suites, and the replacement of windows, roof, domestic hot water heating system, and plumbing. Several suites have also had complete renovations to kitchens, bathrooms, and flooring.

Investment Highlights

  • The Building is located just steps away from the Columbia Skytrain Station (230 m)
  • Four units are currently being held vacant
  • The property has undergone numerous upgrades throughout its course of ownership
  • There are two penthouse-style units on the top floor

Exclusively Listed By

Multifamily

Mager Apartments

Listing Price: $5,300,000

Cap Rate
3.05%
Number of Units
18
Price/Unit
$294,444
Price/Gross SF
$609.13
Gross SF
8,701

Investment Highlights

  • The Building is located just steps away from the Columbia Skytrain Station (230 m)
  • Four units are currently being held vacant
  • The property has undergone numerous upgrades throughout its course of ownership
  • There are two penthouse-style units on the top floor

Investment Overview

Mager Apartments is is highly sought after by tenants, being just steps away from the Columbia Skytrain Station and the many amenities of downtown New Westminster. Four units are currently being held vacant and present a blank canvas for investors to work their own renovation program and rent out the units at above-market rents. The property has undergone numerous upgrades throughout its course of ownership including the installation of breaker panels in all suites, and the replacement of windows, roof, domestic hot water heating system, and plumbing. Several suites have also had complete renovations to kitchens, bathrooms, and flooring.

Exclusively Listed By

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