317 THIRD AVENUE, New Westminster

2026-04-14

317 THIRD AVENUE, New Westminster, British Columbia

21619 ft²

For Sale Multi-family

$5,800,000

MLS®#C8077829

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:32467)

Building	Multi-family
Rooms
Bedrooms
Bathrooms	0
Square Footage	21619 ft²
Built in	1925
Parking Type
Neighbourhood	New Westminster

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How much could you save in commission selling with One Percent Realty?

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$500,000

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Your One Percent Realty
Commission savings^†

$500,000

^† Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 2.5% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.

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One Percent Realty's top FAQs

What is the deal exactly, with One Percent?

We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!

What do you charge?

Each agent sets their own commission structure, subject to a maximum of 1% for listing services and up to 1% payable to cooperating brokerages. Homes under $500,000 are subject to a minimum charge of $9,950

Are your listings on MLS® and realtor.ca?

Yes, and yes.

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Barb Flesher

REALTOR®

barbflesher@gmail.com

(778) 228-1153

Support Area:
Port Moody,Pitt Meadows,Coquitlam,Port Coquitlam,North Burnaby,Maple Ridge,New Westminster

As a member of the Medallion Club for the past 18 years (Top 10% Realtors in the Real Estate Board of Greater Vancouver), I consider myself an expert in the field. I would be pleased to assist you in the sale, or purchase, of your home. I have lived in...

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