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101 JARDINE Street in New Westminster: Queensborough Land Commercial for sale : MLS®# C8023179

101 JARDINE Street New Westminster V3M 5M2 : Queensborough

Site plan
$2,500,000
Prop. Type:
Land Commercial
MLS® Num:
C8023179
Status:
Active
Build. Type:
Warehouse
RARE - WATERFRONT DEVELOPMENT OPPORTUNITY with INCOME PRODUCING marina in thriving Queensborough, New West. OCP designation: (RCL - Residential Compact Lot). Architectural plans show 8 single family lots. Meetings with city development staff have revealed they have a strong appetite for Town Houses. Lot dimensions are approximately 220' long and 126' wide on the eastern boundary, and 111' wide on the west-Jardine Street side. Marina currently generates about $55,000 NOI. Nearby single family lots are selling between 725-750k. Fantastic property with multiple exit strategies to maximize profit potential. Can build on uplands and sell off lots/homes, and sell off marina independently. Or, sell off uplands. improve income on marina and keep it. Or, hold as an investment property and assemble neighbors as the entire area is undergoing development. Call now, as these types of development opportunities with good cash flow, and really good upside are truly RARE.
Sale Type:
Asset
Property Type:
Land Commercial
Construction:
Wood Frame
Building Type:
Warehouse
Year built:
1930 (Age: 89)
Total Floor Area:
Switch units of measure2,295 sq. ft.
Land Use/Zoning:
RQ-1
Taxes:
$8,629.18 / 2018
Ceiling Height:
Switch units of measure12'
Services Connected:
Electricity at Lot Line, Electricity, Sanitary sewer at Lot Line, City Water at Lot Line
Water Supply:
Municipal
HVAC:
None
Env Assmt Phase:
Phase/Stage 2
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by Macdonald Commercial R.E.Serv.
Listing information last updated on January 23, 2019 at 06:08 PM (UTC)
Mark Cumming
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