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Investment signal

$2,100,000

2011 SEVENTH AVENUE

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Beds

7

Baths

5

Sqft

Year

1995

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for New Westminster. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Rare Investment Opportunity in Connaught Heights, steps from 22nd Street Skytrain Station! Spacious 7bed, 4bath home offering 3,455 sqft of interior living, 6,000 sqft lot, double car garage, private backyard and two mortgage helpers (2bed+1bed) providing solid rental income potential. Conveniently located near skytrain, schools, parks, and shopping. Situated within the area identified by the City of New Westminster's Bold Vision for long-term planning around the 22nd Street SkyTrain station. Bill 47 relating to transit oriented areas will allow minimum 20 storey towers. Buyers are encouraged to review city planning documents and verify future development potential with the City. (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
House
Common interest
Freehold
Living area
3,455 square feet
Lot size
6,000 square feet
Lot dimensions
6000
Parking
4 total
Fireplace
2
On market
Mar 11, 2026
Status changed
Apr 28, 2026
Annual tax
$8,645.09 (2025)
Photos
33
MLS#
R3098932
Area
NEW_WESTMINSTER

Features and systems

Parking

Garage

Appliances

All

Heating

Baseboard heatersElectric

Lot

Central location
Negative cash flow ~$2,205/mo at these assumptions

Cash on cash

-6.30%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,821

Financing

Down payment$420,000
Loan amount$1,680,000
Mortgage$8,512/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$963
Insurance$80
Maintenance$1,750
CapEx reserve$875
Vacancy loss$525

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for New Westminster. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $8,512/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.

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