111 113 First Street, New Westminster
GREAT INVESTMENT OPPORTUNITY! 4-unit in a side by side duplex building in “Prestigious” Queen’s Park location, step away from Queen’s Park, Herbert Spencer Elementary, shopping and Skytrain. 8712 sq.ft of land, 4428 sq.ft of living space on two floors,4 self contained suites (Two 3 Bdrms & Two 2 Bdrms), plus separate 2 carport. Low maintenance costs of approx 6% of gross income. Updates incl new roof in 2006, New High efficiency furnaces 2009, newer double glazed windows 2012, Newer Hot water Tank 2020 and all upgraded flooring, kitchens, bathrooms in all suites, balconies, patios & sundecks, garden, 2 fireplaces. Approx $92,000 of NET INCOME per year. Priced at 3.2% capitalization rate. BC Assessment value for one side.
Taxes (2020): $6,308.63