1335 Kamloops Street, New Westminster
One-of-a-kind opportunity for shrewd investors, in heart of booming New West. Very rare 6plex is turnkey operation & cash flow machine, generating $120,000/year income. Current zoning is RM-5A Multi-Family Medium Rise, allowing 4-6 storey apartment building with 1.6-1.8 FSR. One 3 bdrm suite, three 2 bdrm suites + two bachelor suites; 11 bdrms, 6 separate entrances, 6 kitchens, common laundry, lots of parking. All units fully renovated: kitchens w/ granite countertops, bathrooms, new flooring, etc; immaculate condition. Fully occupied, great month to month tenants. Walking distance to all amenities, New West Skytrain station, Douglas College, shopping & restaurants. Properties like this rarely available; Buy now, hold & develop in future. Watch value skyrocket in rapidly developing area.
Taxes (2020): $5,279.08