Geordie Place
New Westminster, British Columbia
Building
Stats
- Property Type Retail - Street Retail, Multifamily - Mid-Rise
- Year built 1995
- Building size (SF) 13,055
- Size (Ac) 0.21
- Price $5,900,000 CAD
Overview
The Avison Young Multi-Family Team is pleased to market for sale Geordie Place, located at 723 12th Street, New Westminster, BC (the “Property”). The Property was originally built to a higher quality standard for the Ownership’s retention and is professionally managed by Porte Communities. This is a remarkable opportunity for an investor to acquire a cash flowing asset with significant rental upside by way of base rents and parking revenue to be achieved on natural tenant turnover.
Highlights
All units are stratified
Sixteen (16) residential units
Four (4) commercial retail units
9,108 sf corner lot (efficient site dimensions)
Opportunity to increase residential rents and add parking revenue on natural tenant turnover
Each unit has its own hot water tank, washer/dryer and dishwasher
All units have balconies
Electric baseboard heating
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