$2,399,000
615 TWELFTH STREET
Beds
—
Baths
—
Sqft
—
Year
1946
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Potential redevelopment opportunity! Busy corner location with excellent visibility. Great investment with holding income in this 3,444 sq ft building (retail commercial unit + 2 residential units). Zoning is C2-A, OCP is (ML) Mixed Use - Low Rise which allows up to 6 storeys. Please do not disturb tenants. (id:65958)
- Subtype
- Multi-family
- Living area
- 3,444 square feet
- Lot size
- 4,698 square feet
- Lot dimensions
- 4698
- On market
- Apr 18, 2026
- Status changed
- Apr 18, 2026
- Annual tax
- $22,712.66 (2025)
- Zoning
- C-2A
- Photos
- 4
- MLS#
- C8078007
- Area
- NEW_WESTMINSTER
Cash on cash
-11.39%
Cap rate
3.61%
GRM
16.7
Break-even rent
$16,792
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.
Lifestyle 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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.