423 Sixth St, New Westminster, BC, MLS® R3039783

$2,695,000
Est. Mortgage /mo

$2,695,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
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
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423 Sixth St, New Westminster, BC | MLS® R3039783 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 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

Price $2,695,000
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 # R3039783
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
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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

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

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

Imagine yourself strolling through the charming neighbourhood of 423 Sixth Street in New Westminster, BC. As a trusted realtor, I'm excited to share with you the unique characteristics of this community and how they'll make your life easier and more enjoyable.

First, let's talk about the schools. Herbert Spencer Elementary School, located just 0.7 km from 423 Sixth Street, has a rating of 6.6/10. While it may not be the highest rated, it's still a great option for families. For those seeking independent education, Urban Academy is just 0.81 km away, boasting a stellar rating of 8.9/10. And for secondary education, Vancouver International College is even closer, with a rating of no rating but still an excellent option for those in the area.

Now, let's discuss crime rates. According to the latest statistics from Statistics Canada (2020), this neighbourhood experiences an average crime rate of 6,761.11 incidents per 100,000 population. While this may seem concerning, it's essential to note that it's actually below the national average. The year-over-year change in crime rates is a notable -10.42%, indicating a downward trend.

But what about specific types of crime? The drug crime rate is below average, with an illegal substances offences rating of 134.4. This is a reassuring aspect of living in this neighbourhood. Property crimes, however, are average, with a property misconduct rating of 3,807.97. This is something to be aware of, but it's not uncommon in urban areas.

Now, let's shift our focus to demographics. This neighbourhood is home to a diverse population, with 28.7% of residents holding a university certificate or degree – that's above average in comparison to other BC neighbourhoods. On the other hand, 12.3% of the population has no certificate or degree, which is lower than the average in BC.

In terms of income, the median household income near 423 Sixth Street is $45,483, which is lower than the British Columbia average. Meanwhile, the median personal income is $31,118, also below average. However, the percentage of households with a mortgage is 63.6%, which is above average.

Moving on to transportation, the closest bus station is Southbound 6th St @ 5th Ave, just 0.07 km away from 423 Sixth Street. This makes it an ideal location for those who rely on public transportation. Unemployment rates in the area are average, at 8.5%, which is comparable to other provinces.

Population growth in this area is above average, with a 5.7% increase between 2011 and 2016. The population density per square kilometre is 8,552, which is high. Family dynamics are also of interest, with an average family size of 2.6, which is lower than the regional average. The percentage of married or living common law couples is 43.4%, which is also lower than average.

Lastly, let's discuss housing. The average value of dwellings in this neighbourhood is $565,573, which is above average compared to other areas in British Columbia. Owner payments are also above average, with an average of $1,421 per month. Renters, on the other hand, pay an average of $891 per month, which is below average.

In summary, 423 Sixth Street in New Westminster, BC (MLS® R3039783) offers a unique blend of education options, crime rates, demographics, and housing opportunities. While it may not be perfect, it's an excellent choice for those seeking a diverse and affordable community with easy access to public transportation. As your trusted realtor, I'm confident that this neighbourhood will meet your needs and exceed your expectations.

(MLS® R3039783)

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,695,000
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
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
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