NEW WESTMINSTER
NEW WESTMINSTER
335 Fifth Street, New Westminster $3,350,000
26 Unit Apartment Building Suite Mix 1 ‐ Bachelor 19 ‐ 1 Bedroom 5 ‐ 2 Bedroom 1 ‐ 2 Bedroom Penthouse
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
BUILDING SUMMARY 335 Fifth Street, New Westminster
“Martin Manor” is in the heart of Queens Park, close to Uptown shopping and restaurants. It sits on a nicely landscaped, corner lot of a quiet street with a large, landscaped median. The building is wood construction, stucco and wood exterior, and has a tar and gravel roof. There are also 10 open parking stalls and 15 secure underground parking stalls. The building has a nice, bright lobby with ceramic tile floors, newer paint, chair rail moldings and carpets in the halls. The complex lighting was retrofitted and replaced, and photocell and motion detectors have been installed. The building is also equipped with a cable elevator, intercom, a huge workshop and boiler room, 26 lockers and bike storage. There is also a newer Ray Pac Boiler for heating the building, an A.O.Smith hot water tank for the domestic hot water, and a large laundry room with lino floors and two washers and two dryers that are building owned. The units have large closets, insuite heat controls, and smoke and heat detectors. The kitchens have newer lino floors, refurbished cabinets, newer counter tops, and most units have newer frost free fridges and newer stoves with hood fans. The bathrooms fans, newer lino floors, mostly tiled tub surrounds in good shape, and have been updated with white sinks, toilets and bathtubs. Most units also have newer carpet and vertical blinds. Most of the balconies have recently had new sliding doors installed. The penthouse has two bedrooms, two bathrooms and measures about 950 square feet. The penthouse has been completely redone with new insulation, all new lighting, new windows, doors, Italian ceramic floors, cherry kitchen cabinets, and stainless steel appliances, which include a dishwasher and disposal. Other upgrades include high end quartz counter tops, new sinks, toilets, high end tub and shower enclosures. There is also new plumbing with high end plumbing fixtures and the unit has been wired, vented and plumbed so insuite laundry can be added. The roof on the penthouse is also a new double layer torched on roof. The penthouse has 8 windows, 2 sliding glass doors and 3 patios, where there is a 360 degree view of Queens Park heritage neighbourhood, uptown and distant views of the river, ocean and mountains.
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
PROPERTY INFORMATION 335 Fifth Street, New Westminster
Legal Description
Suite Mix
PL 2620 LT 13 LD 36 Westminster Land District, OF LOTS 7, 39 AND 40 PID 004‐776‐259 & 004‐776‐232 1 19 5 1 26
Bachelor 1 Bedroom 2 Bedroom 2 Bedroom Penthouse Unit Total
Chattels
26 Fridges, 26 Stoves 2 Washers, 2 Dryers and 1 Dishwasher
Zoning
RM‐2 Multiple Dwelling
Lot Size
14,000 square feet
Age
45 Years
(Constructed 1966)
Property Taxes 2010
$ 16,997
Assessments 2011
Land Improvements Total
Contracts
None.
Financial Encumbrances
Assumable mortgage of $1,760,000 due April 2015, with an interest rate of 5.625% and $11,118 in monthly payments.
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
$ 916,000 $ 1,897,000 $ 2,813,000
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
FINANCIAL SUMMARY 335 Fifth Street, New Westminster
Annual Revenue Rental Income (Rents x 12) Laundry (Estimated) Parking ($20 x 12) Less Vacancy Rate (1%) Total Annual Gross Revenue
July 1, 2011 Projected $ 261,144 $ 270,420 5,000 5,000 240 3,600 ‐2,664 ‐2,790 $ 263,720 $ 276,230
Annual Expenses Elevator $ Gas Hydro Insurance Licence Property Taxes Repairs & Maintenance (normalized) Waste Collection Water & Sewer Total Annual Expenses $ Total Annual Net Revenue $ Capitalization Rate Expense Ratio Purchase Price/Per Unit
3,500 $ 3,500 11,800 11,800 2,500 2,500 7,270 7,270 1,257 1,257 16,997 16,997 19,500 19,500 1,226 1,226 9,631 9,631 73,681 $ 73,681 190,039 $ 202,548
5.67% 6.05% 27.94% 26.67% $ 3,350,000 $ 128,846
Not including Caretaker wages. All tenants are being converted to pay parking. Actual 2010 rental income amount to be reported when yearend financial statements are completed April 2011.
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
RENT ROLL ‐ JULY 2011 335 Fifth Street, New Westminster
Unit Number B‐1 101 102 103 104 105 106 107 108 201 202 203 204 205 206 207 208 301 302 303 304 305 306 307 308 401
Unit Type Bachelor 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom Large 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom Large 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom Large 1 Bedroom 1 Bedroom Penthouse TOTAL
Monthly Rent
Parking Rent
Projected Market Rents (no parking)
$585 $792 $750 $813 $723 $995 $775 $800 $771 $745 $965 $805 $733 $862 $785 $750 $771 $791 $950 $750 $795 $985 $750 $830 $791 $1,700 $21,762
Free Included Free Included Free Free No Parking Free No Parking Free No Parking No Parking Free Free $20 Free No Parking Included Free Free No Parking No Parking Free No Parking Free No Parking $20
$675 $785 $775 $795 $775 $995 $775 $875 $785 $795 $965 $805 $785 $975 $785 $855 $795 $805 $975 $815 $795 $985 $795 $865 $805 $1,700 $22,535
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
LOCATION 335 Fifth Street, New Westminster
$3,350,000
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
335 Fifth Street, New Westminster $3,350,000
26 Unit Apartment Building Suite Mix 1 ‐ Bachelor 19 ‐ 1 Bedroom 5 ‐ 2 Bedroom 1 ‐ 2 Bedroom Penthouse
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
BUILDING SUMMARY 335 Fifth Street, New Westminster
“Martin Manor” is in the heart of Queens Park, close to Uptown shopping and restaurants. It sits on a nicely landscaped, corner lot of a quiet street with a large, landscaped median. The building is wood construction, stucco and wood exterior, and has a tar and gravel roof. There are also 10 open parking stalls and 15 secure underground parking stalls. The building has a nice, bright lobby with ceramic tile floors, newer paint, chair rail moldings and carpets in the halls. The complex lighting was retrofitted and replaced, and photocell and motion detectors have been installed. The building is also equipped with a cable elevator, intercom, a huge workshop and boiler room, 26 lockers and bike storage. There is also a newer Ray Pac Boiler for heating the building, an A.O.Smith hot water tank for the domestic hot water, and a large laundry room with lino floors and two washers and two dryers that are building owned. The units have large closets, insuite heat controls, and smoke and heat detectors. The kitchens have newer lino floors, refurbished cabinets, newer counter tops, and most units have newer frost free fridges and newer stoves with hood fans. The bathrooms fans, newer lino floors, mostly tiled tub surrounds in good shape, and have been updated with white sinks, toilets and bathtubs. Most units also have newer carpet and vertical blinds. Most of the balconies have recently had new sliding doors installed. The penthouse has two bedrooms, two bathrooms and measures about 950 square feet. The penthouse has been completely redone with new insulation, all new lighting, new windows, doors, Italian ceramic floors, cherry kitchen cabinets, and stainless steel appliances, which include a dishwasher and disposal. Other upgrades include high end quartz counter tops, new sinks, toilets, high end tub and shower enclosures. There is also new plumbing with high end plumbing fixtures and the unit has been wired, vented and plumbed so insuite laundry can be added. The roof on the penthouse is also a new double layer torched on roof. The penthouse has 8 windows, 2 sliding glass doors and 3 patios, where there is a 360 degree view of Queens Park heritage neighbourhood, uptown and distant views of the river, ocean and mountains.
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
PROPERTY INFORMATION 335 Fifth Street, New Westminster
Legal Description
Suite Mix
PL 2620 LT 13 LD 36 Westminster Land District, OF LOTS 7, 39 AND 40 PID 004‐776‐259 & 004‐776‐232 1 19 5 1 26
Bachelor 1 Bedroom 2 Bedroom 2 Bedroom Penthouse Unit Total
Chattels
26 Fridges, 26 Stoves 2 Washers, 2 Dryers and 1 Dishwasher
Zoning
RM‐2 Multiple Dwelling
Lot Size
14,000 square feet
Age
45 Years
(Constructed 1966)
Property Taxes 2010
$ 16,997
Assessments 2011
Land Improvements Total
Contracts
None.
Financial Encumbrances
Assumable mortgage of $1,760,000 due April 2015, with an interest rate of 5.625% and $11,118 in monthly payments.
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
$ 916,000 $ 1,897,000 $ 2,813,000
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
FINANCIAL SUMMARY 335 Fifth Street, New Westminster
Annual Revenue Rental Income (Rents x 12) Laundry (Estimated) Parking ($20 x 12) Less Vacancy Rate (1%) Total Annual Gross Revenue
July 1, 2011 Projected $ 261,144 $ 270,420 5,000 5,000 240 3,600 ‐2,664 ‐2,790 $ 263,720 $ 276,230
Annual Expenses Elevator $ Gas Hydro Insurance Licence Property Taxes Repairs & Maintenance (normalized) Waste Collection Water & Sewer Total Annual Expenses $ Total Annual Net Revenue $ Capitalization Rate Expense Ratio Purchase Price/Per Unit
3,500 $ 3,500 11,800 11,800 2,500 2,500 7,270 7,270 1,257 1,257 16,997 16,997 19,500 19,500 1,226 1,226 9,631 9,631 73,681 $ 73,681 190,039 $ 202,548
5.67% 6.05% 27.94% 26.67% $ 3,350,000 $ 128,846
Not including Caretaker wages. All tenants are being converted to pay parking. Actual 2010 rental income amount to be reported when yearend financial statements are completed April 2011.
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
RENT ROLL ‐ JULY 2011 335 Fifth Street, New Westminster
Unit Number B‐1 101 102 103 104 105 106 107 108 201 202 203 204 205 206 207 208 301 302 303 304 305 306 307 308 401
Unit Type Bachelor 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom Large 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom Large 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom Large 1 Bedroom 1 Bedroom Penthouse TOTAL
Monthly Rent
Parking Rent
Projected Market Rents (no parking)
$585 $792 $750 $813 $723 $995 $775 $800 $771 $745 $965 $805 $733 $862 $785 $750 $771 $791 $950 $750 $795 $985 $750 $830 $791 $1,700 $21,762
Free Included Free Included Free Free No Parking Free No Parking Free No Parking No Parking Free Free $20 Free No Parking Included Free Free No Parking No Parking Free No Parking Free No Parking $20
$675 $785 $775 $795 $775 $995 $775 $875 $785 $795 $965 $805 $785 $975 $785 $855 $795 $805 $975 $815 $795 $985 $795 $865 $805 $1,700 $22,535
Please note that our market rents are based on research. We strongly recommend that you do your own research as this is only to be used as a
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
LOCATION 335 Fifth Street, New Westminster
$3,350,000
RE/MAX BILL GOOLD REALTY
PHONE 604‐263‐2823 410 North Tower, 650 West 41st Avenue FAX 604‐263‐1057 Vancouver BC V5Z 2M9 BILLGOOLDREALTY.COM
Each office is independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
