For Sale · New Westminster · Single Family

$1,700,000

1217 SIXTH AVENUE, New Westminster

Beds

Baths

3,615

Sq Ft

1926

Built

About This Home

The details.

"INVESTOR ALERT: "CASH MACHINE" + 6-PLEX POTENTIAL! Secure a high-value holding in the heart of New Westminster that works for you today and builds your future tomorrow. This exceptional 8,164 sq. ft. corner lot features a 66' frontage and currently operates as a profitable rooming house generating $8,900/month in rental income. Buy it, hold it, and let it pay you while you plan your next move. With significant 6-plex development potential, this is a rare opportunity for savvy investors to secure a prime site in a premier location. Zoned RD-1, the property is steps from the 12th St corridor, schools, and transit. This is a COURT ORDERED SALE sold "As-Is, Where-Is." All development potential is to be verified by the buyer . Don't miss this chance to own an income-generating asset (id:66635)

Summarizing the highlights...

MLS® R3095930Listing courtesy of eXp RealtyView on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1926
Size: 3,615 sqft
Lot size: 8,164 square feet
Parking: 2 spaces
MLS number: R3095930
Data source: Greater Vancouver REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$7,950

$1,360,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$7,950

Cash flow

-$7,950

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

New Westminster right now

232

Active listings

237

New this week

$690,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in New Westminster.

Household and demographic stats for New Westminster, from the Statistics Canada 2021 Census.

78,916
Population (2021): 40.4
Median age: 36,095
Households: 2.2
Avg household size: 54.7%
Home ownership: $82,000
Median household income

New Westminster neighbourhood guide Full census profile New Westminster market trends

Source: Statistics Canada 2021 Census, New Westminster, City (CY).

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.