118 QUEENS AVENUE, New Westminster
$1,899,000
This 8,712 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.
Rare opportunity for a large (heritage exempt) development lot on Queens Avenue - A historic street that presents a stunning showcase of the character and craftsmanship of Queens Park heritage homes. 8,712 square foot lot (66’x132’) on the corner of Bonson St allows for maximum flexibility in design. Build your dream home on Queens Ave and make the most of one of the very few view lots in all of Queens Park, with South-Southeast exposure looking out to the Fraser River. Laneway/Secondary dwelling will fit in seamlessly with the side-street access. This lot falls within the Transit Oriented Development Area of Columbia Skytrain Station. Buyers to verify development guidelines and potential.
How this price compares
This lot asks $218 per square foot of lot. That is 9% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 43 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
- $1,899,000
- Lot size
- 8,712 sqft
- Lot dimensions
- 66 x 132
- Frontage
- 66 ft
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- 1903
- MLS® area
- Queens Park
- MLS® number
- R3088915
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.