217 Royal Avenue, New Westminster, BC

Grace Real Estate Team is pleased to present an opportunity to purchase a FREE STANDING income generating property with HIGH RISE RESIDENTIAL REDEVELOPMENT opportunity in future. This 4-Storey multi-family building located in vibrant Queens Park with stunning Panoramic River Views from south exposure. There are 19 1-bedroom units include 2 penthouse suites with free parking in back yard, well maintained for a cozy and quiet living atmosphere. Positive cash flow keeps sustainable to meet strong rental demand. OCP: RH (RESIDENTIAL–HIGH RISE), potential for high density residential development in future. Central location, steps to Downtown New West, close to all your daily needs, such as transits, parks, schools, shopping and Douglas College, you name it... WalkScore: 80/Very Walkable. School catchment: Qayqayt Elementary and New Westminster Secondary. Great opportunity for developers & investors. Do not walk through property, do not bother occupants! Call now to inquire! Lot Size: 8872.55sf OCP: RH Highrise Residential Zoning: RM2 Storey: 4 Units: 19 1-bedroom units include 2 penthouse suites All measurement is approximate, buyer to verify if important.