1024 St. Andrews Street
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1 New Westminster, British Columbia For Sale 23 Suite Apartment Building For more information: Terry Harding Senior Vice President Jackson Tang Vice President Brandon Harding NAI Commercial 535 Thurlow Street, Suite 100 Vancouver BC V6E 3L apartmentblocks.ca
2 For Sale New Westminster BC Location The subject property is located on St. Andrew Street between Fourth Avenue and 11th Street. Within walking distance are the New Westminster SkyTrain Station and Douglas College with direct access to Downtown Vancouver and Burnaby via Eighth Street. Close to River Market with comprehensive shopping and restaurants choices. 5 blocks away from Royal City Centre Nearby all amenities that include Safeway, Moody Park, Waterfront Esplanade and Parks, Douglas College, Lord Tweedmuir Elementary School, Landmark Cinemas, Boston Pizza and the Old Spaghetti Factory. Moody Park Royal City Centre SUBJECT Douglas College SkyTrain Station Water Esplanade and Park NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
3 Property Summary Apartment Building New Westminster, BC Address Legal Description Lot Size Zoning, New Westminster, BC PL NWP2620 LT 17 LD36 Free Form: Suburban Block 7, of Lots 12, 13, 20 and 21, Lot 16, Suburban Block 7, Plan NWP2620, New Westminster Land District, of Lots 12, 13, 20 and 21. PID: ,424 square feet RM-2 (Multi-family) Property Tax Land $1,359,000 Assessment 2015 Improvements $1,419,000 Total $2,778,000 Suite Mix 10 One-Bedroom 12 Two-Bedroom 1 Three-Bedroom Penthouse 23 Total Income Analysis Stabilized Potential Gross Income $223,824 $284,043 Expenses $ 89,290 $ 76,306 Net Income $134,534 $207,737 Actual Potential Cap Rate 3.6% 5.5% Investment Analysis Price per Suite $164,348 Listing Price $3,780,000 NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMA- TION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
4 Rent Roll RENT ROLL New Westminster, BC Suite # Suite Type Current Rent Increase Jan 2016 Rent Potential* Comments January Two Bedroom $ 761 $ $ 780 $ 1, Two Bedroom** $ 850 $ - $ 850 $ 1,150 Manager 103 One Bedroom $ 640 $ $ 655 $ Two Bedroom $ 718 $ $ 736 $ 1, Two Bedroom $ 804 $ $ 824 $ 1, One Bedroom $ 725 $ $ 740 $ One Bedroom $ 710 $ $ 728 $ Two Bedroom $ 829 $ $ 849 $ 1, Two Bedroom $ 827 $ $ 847 $ 1, One Bedroom $ 775 $ - $ 775 $ One Bedroom $ 725 $ $ 743 $ Two Bedroom $ 890 $ - $ 890 $ 1, Two Bedroom $ 860 $ - $ 860 $ 1, One Bedroom $ 710 $ $ 728 $ One Bedroom $ 653 $ $ 670 $ Two Bedroom $ 850 $ $ 860 $ 1, Two Bedroom $ 804 $ $ 824 $ 1, One Bedroom $ 750 $ $ 760 $ One Bedroom $ 710 $ $ 728 $ Two Bedroom $ 840 $ $ 860 $ 1, Two Bedroom $ 860 $ - $ 860 $ 1, One Bedroom $ 740 $ - $ 740 $ Three Bedroom Penthouse $ 950 $ $ 970 $ 1,500 Total $ 17,981 $ 18,277 $ 23,650 * Based on 2014 CMHC Market Rental Report ** Manager Suite NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMA- TION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. Ag/1024 St. Andrew Street.indd/Nov 12, 2015/TH
5 FINANCIAL STATEMENT New Westminster, BC Financial - Stabilized Current Potential Income Rental Income $ 219, $ 283, Laundry Income $ 4, $ 4, Less: 1.50% Vacancy $ - $ (4,257.00) Total Income $ 223, $ 284, Expenses Insurance $ 2, $ 4, Sanitation $ 5, $ 2, Property Tax 2015 $ 16, $ 16, Licenses and Permits $ 1, $ 1, Caretaker $ 15, $ 15, Utilities **Hydro $ 1, $ 1, **Gas $ 13, $ 13, Water / Sewer $ 5, $ 5, Cable $ 11, $ - Repair and Maintenance $ 16, $ 16, Total Expenses $ 89, $ 76, Net Income $ 134, $ 207, * Stabilized on new contract ** Based on 6 months Average NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPE- CIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
6 For Sale New Westminster BC NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.
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More informationNicky Tu PREC* Keller Williams Elite Realty Phone:
R 0 E BROADWAY Renfrew VE VM T9 No No Eposure: East AA PROPERTY MGMT. 0-0-000 0 $0.0 Comple / Subdiv: GARDEN VILLA Services Connected: Electricity, Sanitary Sewer, Storm Sewer, Water $,00 (LP) Original
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More information3461 Market Street. Office 999-1,858 SF. For more information: Nik Sgagias x154 Property Features.
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\ About GEC GEC provides fully furnished, safe, and comfortable accommodations to foreign and domestic students at affordable rates. Our goal is to give students an effortless transition into Vancouver
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More information4013 Yellowstone Avenue, Chubbuck, Idaho 83202
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More informationoffice: direct: direct:
FOR SALE INVESTMENT 432 N. 100 W. Cedar City UT 84721 243 E. St. George Blvd. Suite 200 St George, Utah 84770 (435) 628.1609 naiexcel.com Offered By: Jason Griffith, CCIM NAI Excel office: direct: email:
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