1315 SIXTH AVENUE, New Westminster
$1,299,000
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.
Development opportunity in a central West End location! Large 66' x 123.7' lot with new potential under the Residential Ground Oriented Infill Housing designation, allowing up to 6 units! Multiple ground-oriented housing forms possible: duplexes with suites, laneway carriage homes, triplex, quadplex, multiple or townhouse style development. Located within 400m of a major transit route, with no minimum parking requirement. Below grade allowance offers potential density up to 1.0 FSR on this 8,164 sf lot. Just a few blocks from Moody Park, Royal City Centre, Walmart, restaurants & amenities. Up the hill from the Quay Boardwalk & Steel & Oak Brewery. Excellent transit access to multiple Skytrain Stations. Just 4 blocks to Lord Tweedsmuir Elementary, offering English & French programs.
How this price compares
This lot asks $159 per square foot of lot. That is 33% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 8 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
- $1,299,000
- Lot size
- 8,164 sqft
- Lot dimensions
- 66 x 123.7
- Frontage
- 66 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1920
- MLS® area
- West End NW
- MLS® number
- R3130534
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Listing data via MLS®. Displayed for information only.