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727 FOURTH AVENUE - photo 2 of 2
$1,560,000

727 FOURTH AVENUE

New Westminster BC V3L 2W4 - GlenBrooke North
8 bd
10 ba
4,000 sqft
Built 1944

About This Property

8, 154 Sq.Ft. Lot improved with a 10-unit rental apartment building generating a 4%+ net cap rate, located just steps from the amenity-rich Uptown district of New Westminster, BC. The property offers meaningful rental upside driven by its prime location and strong demand fundamentals. RM-2 zoning permits low-rise apartment redevelopment up to 1.8 FSR,…

Vinod Bashir
Vinod BashirPersonal Real Estate Corp

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Market reports

Features

Balcony
Open
Room measurements8 rooms▸
BedroomMain · 10' × 10'
BedroomMain · 10' × 10'
BedroomMain · 10' × 10'
BedroomMain · 10' × 10'
BedroomAbv Main 2 · 10' × 10'
BedroomAbv Main 2 · 10' × 10'
BedroomAbv Main 2 · 10' × 10'
BedroomAbv Main 2 · 10' × 10'

Property Details

MLS NumberR3163433
Property TypeOther
Bedrooms8
Bathrooms10
Square Feet4,000
Lot Size8,154 sqft
Year Built1944
HeatingOther
Days on Market47
StatusActive
Listed ByMacdonald Commercial Real Estate Services Ltd.

School Catchment

Elementary Herbert Spencer
Middle Ecole Glenbrook Middle
Secondary New Westminster Secondary

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,300,000Median home value
$89,000Median household income
58.9%Owner-occupied
32.9%Single-detached homes
2.3Avg household size
44.4Median age
47.1%Bachelor's degree or higher (25-64)
56.9%Commute under 30 min
71.2%Drive to work
25.6%Foreign-born residents
6,328Neighbourhood population

Age

Under 15: 14.8%15 to 64: 65.3%65 and over: 19.9%
  • Under 1514.8%
  • 15 to 6465.3%
  • 65 and over19.9%

Household size

  • 1 person36.7%
  • 228.5%
  • 314.1%
  • 414.1%
  • 5 or more6.6%

Language spoken at home

71.9% English mother tongue

  • Mandarin3.4%
  • English + other2.9%
  • Tagalog2.2%
  • Punjabi2%
  • Cantonese1.9%
  • Spanish1.6%
  • All others14.1%

Mother tongue, share of 6,255 residents.

How this pocket differs

  • more seniors 65+ than New Westminster 19.9% vs 16.1%
  • more 4-person households than New Westminster 14.1% vs 10%
  • more 5+ person households than New Westminster 6.6% vs 5.3%
  • Median dwelling value is higher than Metro Vancouver $1,300,000 vs $1,050,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

Monthly Cost Calculator

Estimated monthly cost $8,082
Mortgage payment$7,258
Property tax$668
Home insurance$155
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Oct 22

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