New MLS Listings – New Westminster Commercial Real Estate for Sale

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52 Royal Avenue
Downtown NW New Westminster V3L 1G8

$9,588,000
Multi-Family Commercial

View of apartment building / complex with uncovered parking
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8076610
Build. Type:
Low Rise (2-4 storeys)
Prime Location 22-Unit Multi-Family Apartment Building in Transit-Oriented Development (TOA) Zone –Exceptional Redevelopment Opportunity. Desirable Transit-Oriented Development site with easy access to Skytrain, bus routes, transit hubs, parks, shopping, restaurants, schools, community centre, ice rink, and pool, this established 22-unit multi-family apartment building delivers strong, consistent rental income from its current tenant base. Spanning a generous lot size. The property offers exceptional redevelopment potential. Ideal for Visionary Investors and Developers seeking to capitalize on zoning advantages, proximity to premium amenities, and transit connectivity. Available for purchase as a strategic assembly with 57 Agnes St and 76 Coburg St, unlocking expanded scale and value-add possibilities. Do not disturb tenants – showings by appointment only to qualified buyers. Contact for financials
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
3
Building Type:
Low Rise (2-4 storeys)
# Bldgs:
1
# Units Total:
22
# Other Units:
0
# of Apartments:
22
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
14
# of 2 Bedroom Apartments:
8
# of 3 Bedroom Apartments:
0
Year built:
1962 (Age: 64)
Living Area:
17,730 sq. ft.
Subject Property Depth:
132'
Subject Property Width:
132'
Lot Area:
17,424 sq. ft.
Zoning:
Potential to Redevelop:
In TOA - Transit Orientated Development Site with Income, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
Yes
Services Connected:
Electricity Connected, Fully Serviced, Phone Connected
Sewer:
Public Sewer
Parcel Number:
012986968
Taxes:
$23,277.58 / 2025
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
In TOA - Transit Orientated Development Site with Income, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 52 Royal Avenue in New Westminster: Downtown NW Multi-Family Commercial for sale : MLS®# C8076610
    View of apartment building / complex with uncovered parking
Listed by Sutton Centre Realty
Data was last updated March 9, 2026 at 07:35 PM (UTC)
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