423 SIXTH ST, New Westminster BC V3L 3B1, New Westminster, BC

$2,850,000
Est. Mortgage /mo

MLS® R3031165

NEW

$2,850,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
5 Beds
5 Baths
2 Stories
lot 9801 sqft
4547 sqft
1890 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

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 and a basement generating additional revenue from unauthorized rentals. 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

Price $2,850,000
Total Bedrooms 5
Total Bathrooms 5
Half Bathrooms 0
Floor Area Total (sqft) 4547
Lot Size 9801
Lot Size Depth Feet
Lot Size Frontage 66
Basement Full
Basement Features BasementFeatures

Property Metrics

Year Built 1890
Age Of Building 135
Building Type Other
Property Type Residential Income
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Multi Family

Additional Details

MLS # R3031165
Area New Westminster
Neighbourhood Queens Park
City New Westminster
Gross Taxes $10,593.89
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Baseboard, Electric, Hot Water

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer
Water (WaterSource) Public

Parking

Parking Type Other, Front Access, Concrete
Total Parking Spaces 5

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Strata Restrictions -
Rental Restrictions -
Zoning C-2
Rental Suites -
# of Kitchens 0
Flooring Hardwood, Mixed, Tile
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features No Outdoor Area
Sewer Public Sewer
Roof Asphalt

Property History

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Status Date Price
Active - $2,850,000
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Listed by: Dexter Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary
Herbert Spencer Elementary School
Average
0.7 km
Rating 6.6/10
Middle
École Glenbrook Middle School
1.14 km
No Rating

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.

Private Schools

Elementary, Secondary
Urban Academy
0.81 km
Rating 8.9/10
Secondary
Vancouver International College
0.32 km
No Rating

Closest Transit

Translink
Southbound 6th St @ 5th Ave
0.07 km

423 SIXTH STREET, New Westminster BC V3L 3B1 is serviced by Herbert Spencer Elementary School. The property with listing MLS® R3031165 is located 0.7 km from the school. Herbert Spencer Elementary School has a rating of Rating 6.6/10.

The closest Elementary independent school to this home for sale located at 423 SIXTH STREET, New Westminster BC V3L 3B1 is Urban Academy with School's rating Rating 8.9/10, located 0.81 km from this home.

The closest to this address 423 SIXTH STREET, New Westminster BC V3L 3B1 Secondary independent school is Vancouver International College with School's rating No Rating, located 0.32 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 5,584 volation disturbances in this neighbourhood. The overall crime rate near the address - 423 SIXTH STREET, New Westminster BC V3L 3B1, New Westminster, BC is 6,761.11. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Average rate in 2020. Year by year change in the total crime rate is -10.42%

Drug crime rate next to the listing MLS® R3031165 is Below Average comparing to other neighbourhoods. The illegal substances offences rating is 134.4. There were 111 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is -5.34%

Property crimes in the neighbourhood close to real estate listing for sale 423 SIXTH STREET, New Westminster BC V3L 3B1 are Average. Property misconduct rating adjacent to MLS® R3031165 is 3,807.97. There were 3,145 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -11.79%

There were 1,143 violent lawbreaking disorders in 2020. 1,383.94 and it is Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is -5.91%

The closest Bus station is Southbound 6th St @ 5th Ave in 0.07 km away from this listing with - MLS® R3031165.

28.7% of people with university certificate/degree live in this neighbourhood adjacent to the 423 SIXTH STREET, New Westminster BC V3L 3B1 which is Above Average in comparison with other BC neighbourhoods. 12.3% of population in this neighbourhood that is near the Listing MLS® R3031165 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 423 SIXTH STREET, New Westminster BC V3L 3B1, New Westminster, BC is $45483 which is Low in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R3031165 is $31118 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 63.6% which is Above Average.

Unemployment rate in the area around Real Estate Listing # R3031165 is 8.5 which is Average in comparison to the other province neighbourhoods.

This real estate is located in 423 SIXTH STREET, New Westminster BC V3L 3B1 Queens Park where population change between 2011 and 2016 was 5.7%. This is Above Average in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 423 SIXTH STREET, New Westminster BC V3L 3B1, New Westminster, BC is 8552 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 423 SIXTH STREET, New Westminster BC V3L 3B1 is 2.6. This is Low number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R3031165 is 52.3% and it is Below Average. % of Married or living common law is around 43.4% and it is Low.

Average age of the population close to the 423 SIXTH STREET, New Westminster BC V3L 3B1 is 41.3 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 423 SIXTH STREET, New Westminster BC V3L 3B1, New Westminster, BC is $565573 and this is Above Average comparing to other areas in British Columbia

Average Owner payments are Above Average in the area adjacent to 423 SIXTH STREET, New Westminster BC V3L 3B1. $1421 owners spent in average for the dwelling. Tenants are paying $891 in this district close to MLS® R3031165 and it is Below Average comparing to other cities.

71.2% of Population in this district near the 423 SIXTH STREET, New Westminster BC V3L 3B1 are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 423 SIXTH STREET, New Westminster BC V3L 3B1, New Westminster, BC is 8.5%, it is Average, % of English speakers only is 88.8% and Below Average. % of Neither English nor French speakers close to home for sale 423 SIXTH STREET, New Westminster BC V3L 3B1, New Westminster, BC is 2.6% and it is Above Average comparing to other BC cities.

43.1% of all population in the area around this property with the address 423 SIXTH STREET, New Westminster BC V3L 3B1, New Westminster, BC using Public Transport which is High, 47.4% of using population are using Cars around MLS® R3031165, which is Low. 0.4% of people using Bicycles around the 423 SIXTH STREET, New Westminster BC V3L 3B1 and it is Low. 7.4% of population are walking which is Above Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,850,000
New Westminster No comparables
Queens Park No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
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