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For Sale

Elliot Manor

  • $4,850,000

Salient Details

  • Units 18
  • Suite Mix 9-1 Bed, 6-2 Bed, 1-3 Bed, 2-2 Bed PH
  • Lot Size 8,705 sf
  • Net Rentable sf 13,275 sf
  • Year Built 1962
  • Net Income $240,206
  • Cap Rate 4.95%

Elliot Manor

Extensively upgraded 18-suite apartment building featuring two expansive penthouse units in New Westminster’s historic Downtown.
210 Agnes Street - Brochure
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McEvay Blair Multifamily Group - Elliot Manor - 2 003

Investment Highlights

Extensive Upgrades
Significant capital upgrades completed from 2017-2025, including new windows, siding, roof, and suite renovations.
Desirable Location
Prime Downtown New Westminster location steps to transit , daily amenities, and the waterfront, offering great walkability for tenants.
Solid Yield With Considerable Upside
Significant upside on below market rents further adds to an already strong going-in cap rate with little capital expenditure needed.
Attractive Suite Mix
Oversized suites with an attractive mix of units including one, two, and three bedroom layouts including two penthouse suites featuring large decks with expansive river views overlooking Downtown New Westminster.
Below Market Assumable Debt
Assumable CMHC insured mortgage with a balance of approximately $2.066M at a rate of 2.07% with term remaining until June 2030.
Professionally Managed
Turn-key investment for new ownership complete with professional property management.

Gallery

Contact us

James Blair

Managing Director

Personal Real Estate Corporation

(604) 790 7089

James.Blair@marcusmillichap.com

Email James

Patrick McEvay

Managing Director

Personal Real Estate Corporation

(604) 789 0720

Patrick.McEvay@marcusmillichap.com

Email Patrick

Adam Herman

Director

Personal Real Estate Corporation

(604) 652 3016

Adam.Herman@marcusmillichap.com

Email Adam

Suvarna Sunil

Associate Director

(778) 772 5133
Sunil.Suvarna@marcusmillichap.com

Email Sunil

Patrick Ferrie

Associate

(250) 793 3498
Patrick.ferrie@marcusmillichap.com
Email Patrick