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.More details
This well-maintained, four-suite revenue property sits on a valuable 50' x 120' RM-4 zoned lot in the heart of Kitsilano, one of Vancouver’s most desirable neighborhoods. Offering immediate rental income and significant long-term development potential (6.5 FSR if assembled), this property is an exceptional investment opportunity. The building has undergone numerous recent upgrades, including a new roof, double-glazed windows, two modern hot water tanks, enhanced attic insulation, and fresh exterior paint. The common areas have been refreshed with new carpeting and updated paint, fostering an inviting atmosphere for tenants. Two suites have been fully renovated with modern finishes, while the remaining units have received partial upgrades, including updated bathrooms and paint throughout.More details