$ 9,750,000
508 Eighth Street,
New Westminster, BC
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Property Id : 28659
Price: $ 9,750,000
Property Lot Size: 0.53 ac
Year Built: 1966
Units: 42
PID: 012-972-282
Zoning: RM-2
Cap Rate: 2.77
About this property
Libby Manor is centrally located in the heart of New Westminster. This 42 unit apartment building is situated on a large corner lot within walking distance to amenities, parks and rapid transit. Rents are below the New Westminster average CMHC market rents which gives investors an opportunity to increase revenue upon tenant turnover and suite modernization in a market where vacancy is tending downwards and rents continue to increase.
Amenities and Features
Underground Parking
Central Location
Shared Laundry
Patio or Balconies
Storage Lockers
Entry System
Dishwasher
Map
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