112 TENTH AVENUE, New Westminster
$1,379,000
This 6,921 sqft property in New Westminster is a detached single-family home on a lot the new rules make suitable for a multiplex. New Westminster follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. Heritage character adds a design step on some streets.
Builder/Investor Alert! Prime development opportunity in quiet, central GlenBrooke neighbourhood of New West. This lot has recently been Prezoned as Townhouse Residential, which allows for townhouse development, without any rezoning required. Or build a Duplex immediately; or a single-family home with secondary suite plus a laneway house on this large, nearly 7000 sq ft. lot with expansive views. Also an excellent holding, investment property with steady rental income from livable two suites and 5 total bedrooms. Huge fenced yard with back lane access. Walking distance to all amenities – Safeway and shopping complex, restaurants, new Canada Games Rec Centre, parks, elementary and secondary school, transit & bridge. Unbelievable potential, call today!
How this price compares
This lot asks $199 per square foot of lot. That is 16% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 31 of 111 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,379,000
- Lot size
- 6,921 sqft
- Lot dimensions
- 52.8 x 131.08
- Frontage
- 52.8 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1910
- MLS® area
- GlenBrooke North
- MLS® number
- R3104591
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Listing data via MLS®. Displayed for information only.