Oakwyn Realty Ltd.
317 THIRD AVENUE - Photo 1 of 4, New Westminster, British Columbia
1 / 4
$5,800,000

317 THIRD AVENUE — New Westminster, British Columbia

V3L1M5

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

About This Property

Carlton Court is a well-maintained 26-suite apartment building in the highly sought-after Queen's Park neighbourhood of New Westminster. Built in 1925, this heritage property offers strong in-place income with significant upside. The property generates approximately $37,300/month ($448,000 annually) with a forward NOI of $320,717, representing a 5.53% cap rate. Income is expected to increase as rents are brought toward market levels, with a portion of increases already implemented effective June 1, 2026. The suite mix includes 21 one-bedrooms, 1 two-bedroom, and 4 bachelor units, with all tenancies month-to-month and low vacancy. A new boiler system (2025) qualifies for RTB-approved rent recovery. Features include heritage character, hardwood flooring, courtyard, on-site laundry, storage, and 13 enclosed garages. (id:63357)

Property Location

Map

Property Details

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

Location & Neighborhood

What's nearby 317 THIRD AVENUE

Nearby Schools

Parks & Recreation

Transit Access

Local Amenities

Coffee & Cafes

POI data updated 4/15/2026

New Westminster Market Snapshot

593

Active Listings

$749K

Median Price

0

Avg Days on Market

Last updated: Apr 14, 2026

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Listed by

Team 3000 Realty Ltd.

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$5,800,000

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Oakwyn Realty Ltd.

Oakwyn Realty Ltd.

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3195 Oak St, Vancouver, BC V6H 2L2

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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