- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8077829
- Bus Major:
- Real Estate
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (4)
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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.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Business Name:
- DAYLAND DEVELOPMENTS LTD.
- Business Type:
- Real Estate, Property Management
- Business Established Year:
- 2001
- Construction:
- Brick/Masonry, Frame Wood, Mixed
- Name of Complex/Subdivision:
- Carlton Court
- Num Storeys:
- 3
- Building Type:
- Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
- # Bldgs:
- 1
- # Units Total:
- 26
- # Other Units:
- 0
- # of Apartments:
- 26
- # of Studio Apartments:
- 0
- # of Penthouse Apartments:
- 1
- # of Bachelor Apartments:
- 4
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 21
- # of 2 Bedroom Apartments:
- 1
- # of 3 Bedroom Apartments:
- 0
- Year built:
- 1925 (Age: 101)
- Living Area:
- 21,619 sq. ft.
- Subject Property Depth:
- 145'
- Subject Property Width:
- 165'
- Lot Area:
- 23,958 sq. ft.
- Zoning:
- Signup
- Potential to Redevelop:
- Yes
- Fencing:
- Signup
- Parking:
- Secured
- # Of Parking Spaces - Total:
- Signup
- Road Frontage:
- Signup
- Road Surface:
- Paved
- Heating:
- Signup
- Electricity:
- Yes
- Services Connected:
- Cable Connected, Curb/Gutter, Electricity Connected, Garbage Collection, Natural Gas Connected, Phone Connected, Street Lighting, Sidewalk
- Sewer:
- Public Sewer, Sanitary Sewer, Storm Sewer
- Env Assmt Comment:
- OIL TANK REMOVED MARCH 2001 AS A CONDITION OF PURCHASE
- Parcel Number:
- 013394975
- Taxes:
- $44,694 / 2025
- Emergency Lighting, Laundry Facility
- No
- Common Water Heater
- Secured Garage/Parking, Secured Yard
- Yes
- # Elevators:
- 0
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Signup
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- Yes
-
View of front of property featuring a front yard and stucco siding -
View of front of home featuring a front lawn
-
Stairs with arched walkways and ornamental molding
-
Corridor with a textured ceiling, carpet floors, an upstairs landing, arched walkways, and french doors
Listed by Team 3000 Realty Ltd.
Data was last updated April 15, 2026 at 10:35 PM (UTC)
- INDER KALSI
- CENTURY 21 COASTAL REALTY LTD.
- +1 (778) 531-3000
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). 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 either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2026 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
Inder Kalsi PREC
Century 21 Coastal Realty Ltd.
Your Trusted Partner in Real Estate.
Contact me at 778-531-3000 for all your property needs.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). 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 either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.