2008A SEVENTH AVENUE, New Westminster
$2,310,000
This 3,850 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.
Developer & Investor Alerts - Land Assembly – An incredible opportunity awaits you in New Westminster! Transit-Oriented investment opportunity in a prime location adjacent to 22nd street skytrain Station. Recently announced, Bill 47 (Transit-Oriented Areas) will designate the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5 FSR. This prime location presents a collection of 32 houses and can be sold on small group of homes. List price is per house. Situated just steps away from the Skytrain station, this property offers unparalleled convenience for future residents. Permission required to walk on property. Buyer to verify the OCP and City of New Westminster for zoning and all inquiries.
How this price compares
This lot asks $600 per square foot of lot. That is 152% above the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 108 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
- $2,310,000
- Lot size
- 3,850 sqft
- Lot dimensions
- 55 x 77 EFF
- Frontage
- 55 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1940
- MLS® area
- Connaught Heights
- MLS® number
- R2859161
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.