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401 Ewen Av

2,800 SF Retail Building New Westminster, BC V3M 5B5 $2,088,888 CAD ($746 CAD/SF) 2.33% Cap Rate

Retail Space British Columbia New Westminster 401 Ewen Av, New Westminster, BC V3M 5B5

Investment Highlights

  • 12 min. drive to downtown New Westminster
  • Poised for various development possibilities
  • 26 min. drive to Surrey

Executive Summary

Investment Opportunity in Queensborough, New Westminster: This strategically located building in Queensborough offers a rare investment blend of immediate income stability and future growth potential. With a long-term tenant operating a daycare, it ensures reliable cash flow. Situated in an area designated for medium-density development in the Official Community Plan (OCP), this property is poised for various development possibilities, benefiting from the thriving community and ongoing neighborhood growth. Queensborough's strategic location and evolving infrastructure make this investment opportunity compelling for investors, developers and entrepreneurs alike. For inquiries or viewings, please contact Savvi today to be part of Queensborough's dynamic growth story.

Attachments

Marketing Brochure-401 Ewen Av

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Centre
Building Size
2,800 SF
Year Built
1930
Price
$2,088,888 CAD
Price Per SF
$746 CAD
Cap Rate
2.33%
NOI
$48,600 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Land Acres
0.14 AC
Zoning
M-1 - Medium-density development
1 of 1

Nearby Major Retailers

Starbucks
Boston Pizza
TD Canada Trust
Save-On-Foods
Tim Hortons
Anytime Fitness
The Old Spaghetti Factory
Safeway
CIBC
YMCA
(604) 545-0636 x203

  • Listing ID: 31248164

  • Date on Market: 2024-03-18

  • Last Updated:

  • Address: 401 Ewen Av, New Westminster, BC V3M 5B5

The Retail Property at 401 Ewen Av, New Westminster, BC V3M 5B5 is currently available For Sale. Contact William Wright Commercial for more information.

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401 Ewen Av
(604) 545-0636 x 203

401 Ewen Av

Stathis Savvis

(604) 545-0636

x203

(604) 545-0636 x203

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