317 THIRD AVENUE - Photo 1 of 4, New Westminster, British Columbia
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$6,000,000

317 THIRD AVENUE — New Westminster, British Columbia

V3L1M5

21,619Sq Ft
1925Built
23,925Lot Sq Ft

Listed by Team 3000 Realty Ltd.

About This Property

Carlton Court is a meticulously maintained 26-suite, three-storey rental apartment building located in the highly desirable Queen's Park neighborhood of New Westminster. Built in 1925, this iconic heritage property has served as a community landmark for a century. It generates over $35k/month in gross income (more than $400k/year) with a 4.63% cap rate and significant upside potential. The unit mix includes 21 one-bedrooms, 1 two-bedroom, and 4 bachelors, with a historically low vacancy rate below 0.5% and a strong tenant base. The building features original hardwood floors, heritage decor, an open-air courtyard, tenant storage, on-site laundry, 13 enclosed garages, and ample street parking. Professionally managed and in excellent condition, this is a rare opportunity to acquire a legacy asset in one of Metro Vancouver's most sought-after rental markets. **New furnace & high-speed fibre optic internet recently installed. (id:63357)

Property Details

Property Type
Multi-Unit
Living Area
21,619 sqft
Year Built
1925
Status
Active

Location & Neighborhood

What's nearby 317 THIRD AVENUE

Lifestyle Summary

** Living at 317 Third Avenue means embracing a lifestyle that harmoniously blends convenience, community, and comfort. With easy access to schools, parks, and a thriving dining scene, residents can enjoy a fulfilling life where both relaxation and engagement are part of the daily experience. This area is not just a place to live; it’s a vibrant community where families and individuals can thrive and create lasting memories.

🏘️Neighborhood Vibe

** Situated in the heart of New Westminster, this neighborhood boasts a vibrant community spirit characterized by its friendly atmosphere and diverse cultural influences. Residents enjoy a blend of urban convenience and suburban charm, with tree-lined streets and a mix of local businesses that create a welcoming environment. **COMMUTER_SUMMARY:** With excellent transit options just a short walk away, commuting to Vancouver and surrounding areas is a breeze. Multiple bus stops within a 500-meter radius provide easy access to public transportation, making it convenient for professionals and families alike to navigate their daily travels. **FAMILY_SUMMARY:** Families will appreciate the abundance of educational opportunities nearby, with several elementary schools including École Qayqayt and Mongio within a 600-meter radius. Coupled with family-friendly amenities and parks, this neighborhood offers a safe and nurturing environment for children to grow, learn, and play. **DINING_ENTERTAINMENT:** Culinary enthusiasts will love the diverse dining scene, with a variety of restaurants just a short stroll from home. From the savory delights of Taqueria Playa Tropical to the comforting dishes at Han Lin Noodle House and the flavorful options at Peri Peri Shack, there’s something to satisfy every palate, ensuring that dining out is always an adventure. **OUTDOOR_RECREATION:** Nature lovers will find plenty to explore with parks like Sullivan Park and Tipperary Park nearby, ideal for leisurely strolls, picnics, and outdoor activities. With ample green spaces and playgrounds, residents can easily enjoy the outdoors, providing a perfect balance to urban life. **OVERALL_LIFESTYLE:** Living at 317 Third Avenue means embracing a lifestyle that harmoniously blends convenience, community, and comfort. With easy access to schools, parks, and a thriving dining scene, residents can enjoy a fulfilling life where both relaxation and engagement are part of the daily experience. This area is not just a place to live; it’s a vibrant community where families and individuals can thrive and create lasting memories.

🚗Commuting

** With excellent transit options just a short walk away, commuting to Vancouver and surrounding areas is a breeze. Multiple bus stops within a 500-meter radius provide easy access to public transportation, making it convenient for professionals and families alike to navigate their daily travels. **FAMILY_SUMMARY:** Families will appreciate the abundance of educational opportunities nearby, with several elementary schools including École Qayqayt and Mongio within a 600-meter radius. Coupled with family-friendly amenities and parks, this neighborhood offers a safe and nurturing environment for children to grow, learn, and play. **DINING_ENTERTAINMENT:** Culinary enthusiasts will love the diverse dining scene, with a variety of restaurants just a short stroll from home. From the savory delights of Taqueria Playa Tropical to the comforting dishes at Han Lin Noodle House and the flavorful options at Peri Peri Shack, there’s something to satisfy every palate, ensuring that dining out is always an adventure. **OUTDOOR_RECREATION:** Nature lovers will find plenty to explore with parks like Sullivan Park and Tipperary Park nearby, ideal for leisurely strolls, picnics, and outdoor activities. With ample green spaces and playgrounds, residents can easily enjoy the outdoors, providing a perfect balance to urban life. **OVERALL_LIFESTYLE:** Living at 317 Third Avenue means embracing a lifestyle that harmoniously blends convenience, community, and comfort. With easy access to schools, parks, and a thriving dining scene, residents can enjoy a fulfilling life where both relaxation and engagement are part of the daily experience. This area is not just a place to live; it’s a vibrant community where families and individuals can thrive and create lasting memories.

👨‍👩‍👧‍👦Family Living

** Families will appreciate the abundance of educational opportunities nearby, with several elementary schools including École Qayqayt and Mongio within a 600-meter radius. Coupled with family-friendly amenities and parks, this neighborhood offers a safe and nurturing environment for children to grow, learn, and play. **DINING_ENTERTAINMENT:** Culinary enthusiasts will love the diverse dining scene, with a variety of restaurants just a short stroll from home. From the savory delights of Taqueria Playa Tropical to the comforting dishes at Han Lin Noodle House and the flavorful options at Peri Peri Shack, there’s something to satisfy every palate, ensuring that dining out is always an adventure. **OUTDOOR_RECREATION:** Nature lovers will find plenty to explore with parks like Sullivan Park and Tipperary Park nearby, ideal for leisurely strolls, picnics, and outdoor activities. With ample green spaces and playgrounds, residents can easily enjoy the outdoors, providing a perfect balance to urban life. **OVERALL_LIFESTYLE:** Living at 317 Third Avenue means embracing a lifestyle that harmoniously blends convenience, community, and comfort. With easy access to schools, parks, and a thriving dining scene, residents can enjoy a fulfilling life where both relaxation and engagement are part of the daily experience. This area is not just a place to live; it’s a vibrant community where families and individuals can thrive and create lasting memories.

🍽️Dining & Entertainment

** Culinary enthusiasts will love the diverse dining scene, with a variety of restaurants just a short stroll from home. From the savory delights of Taqueria Playa Tropical to the comforting dishes at Han Lin Noodle House and the flavorful options at Peri Peri Shack, there’s something to satisfy every palate, ensuring that dining out is always an adventure. **OUTDOOR_RECREATION:** Nature lovers will find plenty to explore with parks like Sullivan Park and Tipperary Park nearby, ideal for leisurely strolls, picnics, and outdoor activities. With ample green spaces and playgrounds, residents can easily enjoy the outdoors, providing a perfect balance to urban life. **OVERALL_LIFESTYLE:** Living at 317 Third Avenue means embracing a lifestyle that harmoniously blends convenience, community, and comfort. With easy access to schools, parks, and a thriving dining scene, residents can enjoy a fulfilling life where both relaxation and engagement are part of the daily experience. This area is not just a place to live; it’s a vibrant community where families and individuals can thrive and create lasting memories.

🌳Outdoor Recreation

** Nature lovers will find plenty to explore with parks like Sullivan Park and Tipperary Park nearby, ideal for leisurely strolls, picnics, and outdoor activities. With ample green spaces and playgrounds, residents can easily enjoy the outdoors, providing a perfect balance to urban life. **OVERALL_LIFESTYLE:** Living at 317 Third Avenue means embracing a lifestyle that harmoniously blends convenience, community, and comfort. With easy access to schools, parks, and a thriving dining scene, residents can enjoy a fulfilling life where both relaxation and engagement are part of the daily experience. This area is not just a place to live; it’s a vibrant community where families and individuals can thrive and create lasting memories.

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

POI data updated 2/1/2026

New Westminster Market Snapshot

543

Active Listings

$745K

Median Price

0

Avg Days on Market

Last updated: Nov 10, 2025

Listed by

Team 3000 Realty Ltd.

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$6,000,000