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Vancouver West Real Estate

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101-408 425 TWELFTH Street
Uptown NW New Westminster V3M 4H7

$12,000,000
Multi-Family Commercial

Main Photo: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 1: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 2: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 3: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 4: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 5: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 6: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 7: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 8: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 9: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 10: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 11: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 12: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 13: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 14: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 15: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Photo 16: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8060043
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Cypress Steps, a rarely offered, stratified apartment building in the heart of New Westminster. Originally constructed in 1999, Cypress Steps presents investors with a unique opportunity to acquire a condo-quality investment property of scale, comprised of a total of 34 units, and boasting an attractive suite mix of 22-1 bedrooms and 12-2 bedrooms. All suites offer a full appliance package including dishwasher and in-suite laundry along with open concept layouts, gas fireplaces and electric baseboard heating. Situated in the quiet and quaint neighbourhood of Kelvin, the Property is just a short walk to Moody Park which offers numerous outdoor amenities, meanwhile tenants enjoy immediate access to 6th Avenue and Stewardson Way, allowing easy connectivity to neighbouring municipalities.
Sale Type:
Asset
Construction:
Wood Frame
Name of Complex/Subdivision:
# Other Units:
# of Appartments:
34
# of 1 Bedroom Appartments:
22
# of 2 Bedroom Appartments:
12
Total Floor Area:
16,586 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
16,586 sq. ft.
Lot Depth:
0
Lot Frontage:
0'
Land Use/Zoning:
RM-4
Taxes:
$1,049.18 / 2023
Roof:
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 2: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 3: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 4: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 5: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 6: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 7: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 8: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 9: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 10: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 11: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 12: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 13: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 14: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 15: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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  • Photo 16: 101-408 425 TWELFTH Street in New Westminster: Uptown NW Multi-Family Commercial for sale in "CYPRESS STEPS" : MLS®# C8060043
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Listed by Marcus & Millichap
Data was last updated June 27, 2024 at 08:10 AM (UTC)
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