1217 SIXTH AVENUE, New Westminster
$1,700,000
This 8,164 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.
"INVESTOR ALERT: "CASH MACHINE" + 6-PLEX POTENTIAL! Secure a high-value holding in the heart of New Westminster that works for you today and builds your future tomorrow. This exceptional 8,164 sq. ft. corner lot features a 66' frontage and currently operates as a profitable rooming house generating $8,900/month in rental income. Buy it, hold it, and let it pay you while you plan your next move. With significant 6-plex development potential, this is a rare opportunity for savvy investors to secure a prime site in a premier location. Zoned RD-1, the property is steps from the 12th St corridor, schools, and transit. This is a COURT ORDERED SALE sold "As-Is, Where-Is." All development potential is to be verified by the buyer . Don't miss this chance to own an income-generating asset
How this price compares
This lot asks $208 per square foot of lot. That is 13% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 39 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
- $1,700,000
- Lot size
- 8,164 sqft
- Lot dimensions
- 66 x 123.7
- Frontage
- 66 ft
- Bedrooms
- 2
- Bathrooms
- 3
- Year built
- 1926
- MLS® area
- West End NW
- MLS® number
- R3095930
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.