For sale

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For sale

Twin Hollies

1010 St. Andrews Street, New Westminster

$9,900,000

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Price $9,900,000

Property type Apartment building

Units 43

Storeys 3

Year built 1968

Lot size 26,136 SF (198’ x 132’)

Zoning RM-2

Price per unit $230,233

Cap rate 4.5%

Gross rent multiplier 13.8

Parking 33 surface stalls (18 covered, 15 uncovered)

PID 011-945-834, 011-945-796, 011-945-826

Legal description Lots 13–15 of Lot 12 Suburban Block 7 Plan 2620

Overview

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

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

Twin Hollies (1010 St. Andrews Street) is available for purchase as a standalone asset or in combination with the neighbouring St. Andrews Manor (1025 St. Andrews Street).

Location

Twin Hollies is centrally located in the quiet, established “Brow of the Hill” residential neighbourhood in New Westminster. The property sits on the south side of St. Andrews Street, between 10th and 11th Avenues.

This convenient location offers easy walking access to Moody Park and the vibrant Uptown District, which features a wide range of retail amenities, financial institutions, office buildings, restaurants, and strip retail. Downtown New Westminster — home to Douglas College and multiple SkyTrain stations — is less than 1 km to the south.

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	No. units	Average size
Bachelor	No. units2	Average rent$770
1 bedroom	No. units28	Average rent$1,332
2 bedroom	No. units13	Average rent$1,525

Financials

Financing	The seller is open to offering a vendor take-back mortgage.
Assessment 2026	Land Building Total	Land$5,619,000 Building$4,449,000 Total$10,068,000
Taxes 2026	$48,257
Income and expenses	Gross income Vacancy Effective gross Operating expenses Net operating income	Gross income$717,781 Vacancy(7,178) Effective gross$710,603 Operating expenses(262,626) Net operating income$447,977
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.