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Are you in the landlord market? What $5M will buy you in New West

You can buy an 18-unit apartment building on Agnes Street for more than $5M.

Are you in the market to become a landlord in New Westminster? An apartment building, a multi-unit Edwardian mansion and a couple of multiplexes are currently on offer — for prices ranging from just over $2 million to north of $5 million.

Agnes Street: 18-suite apartment building for $5M

One is the newly listed Elliot Manor, at 210 Agnes St. — an 18-suite apartment building that has been “extensively upgraded,” according to its listing with the Goodman Report.

The three-story-plus-penthouse-level building is for sale for $5,180,000, its listing notes.

 The 1962 building includes nine one-bedroom units, six two-bedroom units, two two-bedroom penthouse units, and one three-bedroom unit. Average suite sizes vary from 604 square feet for a one-bedroom to 955 square feet for the three-bedroom unit.

Rents, meanwhile, come in at an average of $1,159 for one-bedrooms, $1,365 for two-bedrooms, $1,713 for two-bedroom penthouse units, and $2,695 for the three-bedroom suite.

The building comes with six parking stalls.

Queens Avenue: Multi-unit Edwardian mansion for $2.7M

Another comes in the form of a 7,200-square-foot Edwardian mansion at 727 Queens Ave.  that now houses nine legal rental units, according to its listing.

It’s for sale for $2,698,000.

Its listings notes that it sits on a large 60-by-120-foot lot in an area surrounded by other large historic character homes, with features including fir and oak floors, bay windows with stained glass, clawfoot tubs, high ceilings and fireplace.

It’s been on the market since March 6.

Glover Avenue: Sixplex for $2.8M

Also on the market is a sixplex at 92 Glover Ave. that includes one three-bedroom suite, one two-bedroom suite, two one-bedroom suites and two bachelor suites.

It’s listed for $2,780,000. It’s been on the market since October 2022,  according to its listing.

Hamilton Street: Fourplex for $2M

The least expensive multi-unit listing currently — at $2,088,000 — is a fourplex at 1121 Hamilton St. that includes a total of seven bedrooms.

Its listing notes the property is zoned for commercial and residential use for future redevelopment.

It’s been on the market since July 2022.

Follow Julie MacLellan on Twitter @juliemaclellan.
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