Carlton Court is a meticulously maintained 26-suite, three-storey apartment building in the highly sought-after Queen's Park neighbourhood of New Westminster. Constructed in 1925, this iconic heritage property has served as a community landmark for over a century. The building generates over $37,000 per month in gross income (approximately $447,000 annually), reflecting a 5.53% cap rate with clear upside potential. The suite mix consists of 21 one-bedroom units, 1 two-bedroom unit, and 4 bachelor suites, supported by a historically low vacancy rate of under 0.5% and a stable, long-term tenant base. Carlton Court retains its original character with hardwood flooring, heritage detailing, and a central open-air courtyard. Additional amenities include tenant storage, on-site laundry, 13 enclosed garages, and ample street parking. (id:58554)