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.
The Mayflower
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
