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Multifamily

The Mayflower

323 Seventh St, New Westminster, BC V3M 3K9

Listing Price: $3,950,000

Cap Rate
3.45%
Number of Units
14
GRM
21.03
Price/Unit
$282,143
Price/Gross SF
$489.65
Gross SF
8,067

Investment Overview

A beautifully-maintained, 14 suite apartment building, with attractive assumable CMHC financing and a prominent, central location within the Uptown neighbourhood of New Westminster.

Investment Highlights

  • Most units have been upgraded with laminate flooring, renovated kitchens and bathrooms, and individual hot water tanks in the suite.
  • The Property has received regular capital improvements including new double glazed windows, boiler replacement in 2019, breaker panels, upgraded lobby and common areas with new carpet, lighting, and p
  • The property offers significant rental upside on turnover and attractive assumable CMHC financing with a balance of ~$1,570,000 and interest rate of 2.41%.
  • Excellent location on a quiet street, yet immediate proximity to a variety of restaurants and retail services along the commercial node of 6th Street, and a short walking distance to all that Downtown has to offer.

Exclusively Listed By

Listing Price: $3,950,000

Cap Rate
3.45%
Number of Units
14
GRM
21.03
Price/Unit
$282,143
Price/Gross SF
$489.65
Gross SF
8,067

Investment Highlights

  • Most units have been upgraded with laminate flooring, renovated kitchens and bathrooms, and individual hot water tanks in the suite.
  • The Property has received regular capital improvements including new double glazed windows, boiler replacement in 2019, breaker panels, upgraded lobby and common areas with new carpet, lighting, and p
  • The property offers significant rental upside on turnover and attractive assumable CMHC financing with a balance of ~$1,570,000 and interest rate of 2.41%.
  • Excellent location on a quiet street, yet immediate proximity to a variety of restaurants and retail services along the commercial node of 6th Street, and a short walking distance to all that Downtown has to offer.

Investment Overview

A beautifully-maintained, 14 suite apartment building, with attractive assumable CMHC financing and a prominent, central location within the Uptown neighbourhood of New Westminster.

Exclusively Listed By

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