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For sale

Twin Hollies & St. Andrews Manor

1010 & 1025 St. Andrews Street, New Westminster

$21,200,000

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Price $21,200,000

Property type Apartment building

Units 91

Storeys 3 & 4

Year built 1968 & 1969

Lot size 56,628 SF total

Land area 1.3 acres total

Zoning RM-2

Price per unit $232,967

Cap rate 4.5%

Gross income multiplier 14

Parking 76 (15 secured + 61 surface)

Overview


Building	Twin Hollies	St. Andrews Manor
Address	1010 St. Andrews Street	1025 St. Andrews Street
Lot size	26,136 SF (198’ x 132’)	30,492 SF (231’ x 132’)
Units	43	48
Suite mix	2 Bach; 28-1Br; 13-2Br	3 Bach; 31-1Br; 13-2Br; 1-3Br
Parking	33 surface stalls (18 covered and 15 uncovered)	43 stalls (28 surface and 15 secured)
NOI	$447,977	$511,122
Cap rate	4.5%	4.5%
Price/suite	$230,233	$235,417
List price	$9,900,000	$11,300,000

Twin Hollies and St. Andrews Manor comprise two exceptionally well-maintained apartment buildings totalling 91 units in New Westminster’s Brow of the Hill neighbourhood.

The seller is open to offering a vendor take-back mortgage.

Properties may be purchased together or separately.

1010 St. Andrews Street

Twin Hollies is a well-maintained, three-storey apartment building comprising 43 suites in New Westminster’s desirable Brow of the Hill neighbourhood. Built in 1968 on a 26,136 SF lot, the property features an elevator, balconies/patios on most suites, and three sets of leased washers and dryers.

Additional amenities include 33 surface parking stalls (18 covered and 15 uncovered) and 42 full-size storage lockers for tenants. Many upper-floor units offer impressive southern views of the Fraser River and Golden Ears Bridge.

The building has been thoughtfully upgraded in recent years, including:

New front doors (2026)
New wall-mounted high-efficiency boilers (2025)
New roof (2025)
New fascia (2025)
Deck upgrades to units 307, 309, and 301 (2021)
Newer mailboxes
Electric breakers in most suites

1025 St. Andrews Street

St. Andrews Manor is a well-maintained, four-storey apartment building comprising 48 suites in New Westminster’s desirable Brow of the Hill neighbourhood. Built in 1969 on a large 30,492 SF lot, the property features an elevator, balconies/patios on most suites, and three sets of leased washers and dryers.

Additional amenities include 43 parking stalls (28 surface and 15 secured), a building storage room, and 47 full-size lockers. Many upper-floor units offer impressive southern views of the Fraser River and Golden Ears Bridge.

The building has been thoughtfully upgraded over the years, including:

New front doors (2026)
New roof (2026)
New boilers (2024)
New common area carpet (2023)
Elevator upgrades (2023)
Replaced fascia and metal flashing (2021)
Electric breakers in all suites
Dishwashers in most two-bedroom units

Location

Twin Hollies (1010 St. Andrews Street) and St. Andrews Manor (1025 St. Andrews Street) are centrally located in the quiet, established “Brow of the Hill” residential neighbourhood in New Westminster. The two properties sit diagonally opposite each other on St. Andrews Street, between 10th and 11th Avenues.

The location offers walkable access to Moody Park as well as the vibrant Uptown District, with its diverse retail amenities, financial institutions, office buildings, restaurants, and strip retail. Downtown New Westminster — home to Douglas College and multiple SkyTrain stations — lies less than 1 km to the south.

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	No. units	Average size
Bachelor	No. units5	Average rent $978
1 bedroom	No. units59	Average rent $1,312
2 bedroom	No. units26	Average rent $1,539
3 bedroom	No. units1	Average rent$2,575

Financials

Financing	The seller is open to offering a vendor take-back mortgage.
Assessment 2026	Land Building Total	Land$12,173,000 Building$7,257,000 Total$19,430,000
Taxes 2026	$93,130
Income and expenses	Gross income Vacancy Effective gross Operating expenses Net operating income	Gross income$1,523,139 Vacancy(15,231) Effective gross$1,507,908 Operating expenses(548,809) Net operating income$959,098
Notes	For additional information including detailed financials, please contact the listing agent.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.