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Multifamily

Elliot Manor

210 Agnes St, New Westminster, BC V3L 1E6

Listing Price: $4,850,000

Cap Rate
4.95%
Number of Units
18
GRM
14.27
Price/Unit
$269,444
Price/Gross SF
$557.15
Gross SF
8,705

Investment Overview

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Elliot Manor, a
professionally managed 18-suite rental apartment building located at 210 Agnes Street in New Westminster (the “Property”).
Ideally situated within walking distance of Columbia SkyTrain Station, the Fraser River waterfront, Queen’s Park, and Columbia
Street’s shops and restaurants. The Property is exceptionally well positioned in one of Metro Vancouver’s most transit connected
and livable urban communities.
Significantly upgraded between 2017 and 2025, including new windows, siding, roof, and suite renovations. The Property offers an
incoming owner a well-maintained asset with minimal near-term capital requirements. A diverse suite mix of nine one-bedrooms,
six two-bedrooms, two two-bedroom penthouses, and one three-bedroom generates stable in-place income with meaningful
rental upside upon turnover.
Elliot Manor presents investors with a rare opportunity to acquire a stabilized downtown New Westminster apartment building
with professional management and a clear path to income growth. Positioned in one of Metro Vancouver’s most transit
accessible and renter driven multifamily markets.

Investment Highlights

  • Significant capital upgrades completed from 2017-2025, including new windows, siding, roof, and suite renovations.
  • Prime Downtown New Westminster location steps to transit , daily amenities, and the waterfront. Offering great walkability for tenants.
  • With solid income in place, including an average of $1253 for the 1 Bedroom units,and $1844 for the 2 Bedrooms. The property has significant upside upon turnover
  • Oversized suites with an attractive mix of 9 one bedrooms, 6 two bedrooms, 2 top floor penthouses, and 1 three bedroom, catering to a wide range of tenants.

Exclusively Listed By

Listing Price: $4,850,000

Cap Rate
4.95%
Number of Units
18
GRM
14.27
Price/Unit
$269,444
Price/Gross SF
$557.15
Gross SF
8,705

Investment Highlights

  • Significant capital upgrades completed from 2017-2025, including new windows, siding, roof, and suite renovations.
  • Prime Downtown New Westminster location steps to transit , daily amenities, and the waterfront. Offering great walkability for tenants.
  • With solid income in place, including an average of $1253 for the 1 Bedroom units,and $1844 for the 2 Bedrooms. The property has significant upside upon turnover
  • Oversized suites with an attractive mix of 9 one bedrooms, 6 two bedrooms, 2 top floor penthouses, and 1 three bedroom, catering to a wide range of tenants.

Investment Overview

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Elliot Manor, a professionally managed 18-suite rental apartment building located at 210 Agnes Street in New Westminster (the “Property”). Ideally situated within walking distance of Columbia SkyTrain Station, the Fraser River waterfront, Queen’s Park, and Columbia Street’s shops and restaurants. The Property is exceptionally well positioned in one of Metro Vancouver’s most transit connected and livable urban communities. Significantly upgraded between 2017 and 2025, including new windows, siding, roof, and suite renovations. The Property offers an incoming owner a well-maintained asset with minimal near-term capital requirements. A diverse suite mix of nine one-bedrooms, six two-bedrooms, two two-bedroom penthouses, and one three-bedroom generates stable in-place income with meaningful rental upside upon turnover. Elliot Manor presents investors with a rare opportunity to acquire a stabilized downtown New Westminster apartment building with professional management and a clear path to income growth. Positioned in one of Metro Vancouver’s most transit accessible and renter driven multifamily markets.

Exclusively Listed By

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