2013 MARINE WAY, New Westminster
$1,700,000
This 5,300 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 Alert, Land Assembly! Exceptional Transit-Oriented Development opportunity in New Westminster, steps from 22nd Street SkyTrain Station. Under Bill 47 (Transit-Oriented Areas), these properties are designated for high-density development with a minimum 20-storey tower and minimum 5.0 FSR.This offering includes 2 adjoining lots (2005 and 2013 Marine Drive) totalling 21,682 sq. ft. of land. Considered the best corner site in the area at 20th Street and Marine Way. A rare chance to secure a premier development location in a rapidly growing corridor. Permission required to walk the property. Buyer to verify all zoning, OCP, and development details with the City of New Westminster.
How this price compares
This lot asks $321 per square foot of lot. That is 35% above the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 98 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
- 5,300 sqft
- Lot dimensions
- 50 x 106
- Frontage
- 50 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1920
- MLS® area
- Connaught Heights
- MLS® number
- R3074143
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Listing data via MLS®. Displayed for information only.