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Multifamily

Maple Manor

304 Third Avenue, New Westminster, BC V3L 1M3

Listing Price: $6,700,000

Number of Units
17
GRM
18.29
Price/Unit
$394,118
Price/Gross SF
$769.05
Gross SF
8,712

Investment Overview

Maple Manor has undergone significant capital improvements, including a new IBC boiler and dual hot water tanks, double glazed windows, updated breaker panels in all suites, new torch on layer on the roof and an 8-camera security system.

Situated in the quiet and quaint neighbourhood of Queen’s Park, the Property benefits from immediate access to the park’s numerous outdoor amenities, while also being just a short walk to the downtown core and rapid transit.

Investment Highlights

  • 70% of units are two and three-bedroom suites, all with in-suite dishwashers and laundry, and condo-quality renovations to the kitchens and bathrooms.
  • Extensively renovated multifamily asset with excellent annual income located in New Westminster's desirable Queen's Park neighbourhoood.
  • With the building featuring a majority of two-bedrooms and exceptional pride of ownership, the property is generating top-end market rents, resulting in a stable, high-performing turnkey asset.

Exclusively Listed By

Listing Price: $6,700,000

Number of Units
17
GRM
18.29
Price/Unit
$394,118
Price/Gross SF
$769.05
Gross SF
8,712

Investment Highlights

  • 70% of units are two and three-bedroom suites, all with in-suite dishwashers and laundry, and condo-quality renovations to the kitchens and bathrooms.
  • Extensively renovated multifamily asset with excellent annual income located in New Westminster's desirable Queen's Park neighbourhoood.
  • With the building featuring a majority of two-bedrooms and exceptional pride of ownership, the property is generating top-end market rents, resulting in a stable, high-performing turnkey asset.

Investment Overview

Maple Manor has undergone significant capital improvements, including a new IBC boiler and dual hot water tanks, double glazed windows, updated breaker panels in all suites, new torch on layer on the roof and an 8-camera security system. Situated in the quiet and quaint neighbourhood of Queen’s Park, the Property benefits from immediate access to the park’s numerous outdoor amenities, while also being just a short walk to the downtown core and rapid transit.

Exclusively Listed By

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