423 Sixth Street offers the opportunity to acquire a three-storey multi-family revenue property in the heart of New Westminster. The property generates over $200,000 in annual gross income and is designated for future higher-density redevelopment. Built in 1890, the home sits on a 9,801 sq. ft. lot (zoned C-2) and features five self-contained authorized suites on the upper floors and a basement generating additional revenue from unauthorized rentals. The property contains five parking stalls for tenants as well as two garage units that are currently rented out as storage. The property is designated Mixed Use – Low Rise under the New Westminster Official Community Plan (OCP), which allows for the construction of a medium density mixed-use building.
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
Two Levels
Ownership:
Freehold NonStrata
Year built:
1890
(Age: 135)
Living Area:
4,547 sq. ft.422 m2
Floor Area - Unfinished:
0 sq. ft.0 m2
Building Area - Total:
4,547 sq. ft.422 m2
Levels:
Two
Bedrooms:
5
(Above Grd: 5)
Bathrooms:
5.0
(Full:5/Half:0)
Kitchens:
0
Rooms:
5
Taxes:
$10,593.89 /
2024
Lot Area:
9,801 sq. ft.911 m2
Lot Frontage:
66'20.1 m
Lot Details:
66 x 148.00
Outdoor Area:
No Outdoor Area
Water Supply:
Public
Plan:
NWP2620
Construction Materials:
Frame Wood, Mixed (Exterior), Wood Siding
Foundation:
Concrete Perimeter
Basement:
Full
Property Condition:
Renovation Partly
Roof:
Asphalt
No. Floor Levels:
2.0
Other Structures:
Shed(s)
Floor Finish:
Hardwood, Mixed, Tile
Floor Area Fin - Above Grade:
3,307 sq. ft.307 m2
Floor Area Fin - Above Main:
1,312 sq. ft.122 m2
Floor Area Fin - Above Main 2:
0 sq. ft.0 m2
Floor Area Fin - Main:
1,995 sq. ft.185 m2
Floor Area Fin - Below Main:
1,240 sq. ft.115 m2
Floor Area Fin - Below Grade:
0 sq. ft.0 m2
Floor Area Fin - Basement:
0 sq. ft.0 m2
Floor Area Fin - Total:
4,547 sq. ft.422 m2
Heating:
Baseboard, Electric, Hot Water
Parking Features:
Other, Front Access, Concrete
Parking:
Other
# Of Parking Spaces - Total:
5
Parking Total/Covered:
5 / -
Driveway:
Concrete Parking
No Outdoor Area
Lane Access, Recreation Nearby
Fire Sprinkler System, Smoke Detector(s)
3
Other Structures - Shed(s), Window Coverings, Fire Sprinkler System, Smoke Detector(s)
Dishwasher, Refrigerator
Washer/Dryer, Dishwasher, Refrigerator, Stove
Window Coverings
LOT 1, SUB BLOCK 7, PLAN NWP2620, NEW WESTMINSTER LAND DISTRICT, OF LOT 27
Floor
Type
Size
Other
Main
Bedroom
Measurements not available
-
Main
Bedroom
Measurements not available
-
Main
Bedroom
Measurements not available
-
Above
Bedroom
Measurements not available
-
Above
Bedroom
Measurements not available
-
Floor
Ensuite
Pieces
Other
Main
No
3
Main
No
3
Main
No
3
Above
No
3
Above
No
3
Income Per Annum:
214120.0
Oper. Expenses:
43541.0
Net Operating Income:
$170,579
Age Restrictions:
No
By-Law Infractions:
N
Income as at Date:
Jan 01, 2025
Dist to Public Trans:
0.5 BLOCK
Property Disclosure:
No
Fixtures Leased:
No
# Units Total:
4
# Bachelor Units:
1
# 1Bdrm Units:
1
# 2Bdrm Units:
1
# 3Bdrm Units:
1
Home Owners Association:
No
Original Price:
$2,850,000
Land Lease:
No
Zoning:
C-2
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Sewer:
Public Sewer
Bungalow with covered porch and a shingled roof
View of home's exterior with uncovered parking
View of outbuilding
View of front of home with covered porch and a shingled roof
View of front of property with a porch and stairs
Exterior view of mail area
View of exterior entry featuring covered porch
Kitchen featuring open shelves, white appliances, light flooring, and light countertops
Bedroom featuring hardwood / wood-style flooring and crown molding
Half bath with toilet and wallpapered walls
Full bathroom with a soaking tub, radiator heating unit, crown molding, and a shower with curtain
View of dining room
Bedroom with wood finished floors, a chandelier, beamed ceiling, and coffered ceiling
View of exterior entry
Laundry room featuring washing machine and clothes dryer