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 plus a basement. 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:
$2,590,000
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