Prop. Type:
Residential Income
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.
General Info:
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
Two Levels
Ownership:
Freehold NonStrata
Manufactured Type:
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Year built:
1890
(Age: 135)
Living Area:
4,547 sq. ft. 422 m2
Floor Area - Unfinished:
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Floor Area - Detached 2nd Residence:
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Building Area - Total:
4,547 sq. ft. 422 m2
Levels:
Two
Rainscreen:
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Bedrooms:
5
(Above Grd: 5)
Bathrooms:
5.0
(Full:5/Half:0)
Kitchens:
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Rooms:
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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
Exposure / Faces:
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Rear Yard Exposure:
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Outdoor Area:
No Outdoor Area
Pad Rental:
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# or % of Rentals Allowed:
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Water Supply:
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Plan:
NWP2620
Additional Info:
Construction Materials:
Frame Wood, Mixed (Exterior), Wood Siding
Foundation:
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Basement:
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Property Condition:
Renovation Partly
Full Height:
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Crawl Height:
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Roof:
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No. Floor Levels:
2.0
Other Structures:
Shed(s)
Floor Finish:
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Floor Area Fin - Above Grade:
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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:
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Floor Area Fin - Below Grade:
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Floor Area Fin - Basement:
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Floor Area Fin - Total:
4,547 sq. ft. 422 m2
Heating:
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Parking Features:
Other, Front Access, Concrete
Parking:
Other
# Of Parking Spaces - Total:
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# Of Covered Spaces:
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Parking Total/Covered:
5 / -
Driveway:
Concrete Parking
Flood Plain:
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Suite:
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Exterior Features:
No Outdoor Area
Security Features:
Fire Sprinkler System, Smoke Detector(s)
Features Included:
Other Structures - Shed(s), Window Coverings, Fire Sprinkler System, Smoke Detector(s)
Features Included:
Dishwasher, Refrigerator
Appliances:
Washer/Dryer, Dishwasher, Refrigerator, Stove
Window Features:
Window Coverings
Other Details:
Council Approval:
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Income Per Annum:
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Oper. Expenses:
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Net Operating Income:
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Age Restrictions:
No
By-Law Infractions:
N
Income as at Date:
Jan 01, 2025
Dist to Public Trans:
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Dist to School Bus:
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Property Disclosure:
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Fixtures Leased:
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Fixtures Removed:
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# Units Total:
4
# Bachelor Units:
1
# 1Bdrm Units:
1
# 2Bdrm Units:
1
# 3Bdrm Units:
1
Home Owners Association:
No
Land Info:
Land Lease:
No
Zoning:
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Access to property:
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Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Telephone Service:
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Fencing:
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Sewer:
Public Sewer
Plumbing Details:
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Sketch Attached:
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Restrictions:
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