MLS® Number
C8077829
Listed by:
Team 3000 Realty Ltd.
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 potential. The property generates approximately $37,300 per month with a 5.53% cap rate and clear opportunity for growth as rents are brought toward market levels, with increases already implemented effective June 1, 2026. The suite mix includes 21 one-bedroom units, 1 two-bedroom unit, and 4 bachelor units, with all tenancies on a month-to-month basis and consistently low vacancy. A new boiler system (2025) qualifies for RTB-approved rent recovery and is expected to significantly reduce heating expenses, enhancing overall operating efficiency. Features include hardwood flooring, a central courtyard, on-site laundry, storage, and 13 enclosed garages. (id:65271)
Systems & Interior
Structure & Parking
- Zoning Detail
- RS-4
- Year Built
- 1925
Property & Lifestyle
Lot Features
- Lane
Full Listing Specifications
- MLS® Number
- C8077829
- Property Type
- Multi-family
- Bedrooms
- 0
- Bathrooms
- 0
- Living Area
- 21,619 sqft
- Lot Size
- 23,925 sqft
- Annual Taxes
- $44,694
- City
- New Westminster
- Postal Code
- V3L1M5
Route planning from New Westminster
Planning estimates only. Open any route for current directions and traffic; bridge conditions and transit times change throughout the day.
Neighbourhood Insight
Location
Open in Google MapsListed at
$5,800,000
MLS® C8077829
Request Showing
Request a private viewing of 317 THIRD AVENUE.
Ask a QuestionIncludes MLS® C8077829, your question or preferred date, and direct follow-up from Alex.
Get alerts for similar homes
Get new New Westminster listings the morning they hit — plus my one-line take on which are priced to sell and which are priced to sit.
Daily digest · Unsubscribe anytime
Thinking of selling a similar home?
Alex can give you a free Comparative Market Analysis based on recent sales in this area.
Get my valuationMortgage Intelligence
$1,160,000
Estimated Monthly
Alex's Insight
"At 4.84%, focus on the 25yr term to maximize early equity growth."
* Estimates only. Subject to credit approval and insurance rules.
Call Alex About Pre-ApprovalThe data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Greater Vancouver REALTORS®. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Greater Vancouver REALTORS® which assumes no responsibility for its accuracy. The information is deemed reliable but not guaranteed.
Data last updated: Tuesday, April 14, 2026 at 5:10 p.m.
Listing Brokerage: Team 3000 Realty Ltd.
© 2026 CREA. All rights reserved.