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317 THIRD Ave, New Westminster, BC V3L 1M5
About this home
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:51075)
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Nearby open houses (10)
- OPEN TODAY, 2PM TO 4PM$1,299,0003 beds2.5 baths1,286 sq ft2539 Grant St #2, Vancouver, BC V5K 3G6Stilhavn Real Estate Services, MLS: R3172091
- OPEN TODAY, 2PM TO 4PM$649,9002 beds2 baths1,068 sq ft255 Ross Dr, New Westminster, BC V3L 0C7Stilhavn Real Estate Services, MLS: R3172082
- OPEN TODAY, 2PM TO 4PMVIDEO TOUR$1,250,0002 beds2 baths1,075 sq ft112 E 13th St #906, North Vancouver, BC V7L 0E4Oakwyn Realty Ltd., MLS: R3172042
- OPEN TODAY, 2PM TO 4PM$839,0002 beds1 bath772 sq ft131 W 3rd St #204, North Vancouver, BC V7M 1E7YVR International Realty, MLS: R3172028
- OPEN TODAY, 2PM TO 4PM$737,7004 beds3 baths1,722 sq ft14877 58 Ave #67, Surrey, BC V3S 8Y9Homelife Benchmark Realty Corp., MLS: R3171385
- OPEN TODAY, 2:30PM TO 4PM$1,799,9994 beds2.5 baths2,442 sq ft2086 Rivergrove Pl, North Vancouver, BC V7H 2L4Royal LePage Sussex, MLS: R3172036
- OPEN SUN, 12PM TO 1PM
- OPEN SUN, 2PM TO 4PM$1,289,0003 beds2.5 baths2,025 sq ft3318 Mt Seymour Pky, North Vancouver, BC V7H 1G3Royal LePage Sussex, MLS: R3172023
- OPEN SUN, 2PM TO 4PMVIDEO TOUR$1,249,9994 beds2.5 baths1,320 sq ft545 E 2nd St #444, North Vancouver, BC V7L 1E1Engel & Volkers Vancouver, MLS: R3172014
- OPEN SUN, 2PM TO 4PMVIDEO TOUR$1,899,9997 beds3.5 baths4,820 sq ft9855 182 St, Surrey, BC V4N 5A9eXp Realty of Canada Inc., MLS: R3171918
Around this home
Schools
Public, K-5 • Assigned
Public, 6-8 • Assigned
Lifestyle
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Property details
- Exterior

Exterior
Exterior features- Storm sewer
Home design- Commercial building of 21,619 square feet
Utilities- Storm sewer
Sale and tax history for 317 THIRD Ave
- Sale History
- Tax History
This is a new listing, so no sales records exist yet. As the MLS and public records start to fill up, we'll list the details here.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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