Properties For Sale in Seventh Street, New Westminster

The Mayflower is a beautifully-maintained, 14-suite apartment building located in the Uptown neighbourhood of New Westminster. It offers attractive assumable CMHC financing with a balance of ~$1,570,000 and an interest rate of 2.41%. The property has undergone regular capital improvements, including new double-glazed windows, main hot water tank replacement (2019), breaker panels, and upgraded lobby and common areas with new carpet, lighting, and paint. General plumbing upgrades have also been completed throughout. The property offers significant rental upside on turnover.

This 2-bedroom townhouse offers a spacious, private south-facing patio, direct parking access from the unit, in-suite storage and locker in the parkade, and a gas fireplace.

Perfectly located in a prime neighborhood, it's just steps away from amenities like Walmart, Save-On-Foods, Douglas College, two SkyTrain stations, schools, shops, restaurants, and parks. Pets are welcome (1 cat/dog, no size restrictions).

This estate sale presents an exciting opportunity for investors and developers seeking to capitalize on the prime location and potential of Uptown New Westminster. The property offers a 5.2 FSR, allowing for the construction of a high-rise building. Situated in the heart of Uptown, it enjoys proximity to all amenities, making it an ideal location for residential or commercial development. Buyers are encouraged to conduct their own due diligence with the City of New Westminster to explore the full potential of the property.