2141 MARINE WAY, New Westminster
$1,999,999
This 1 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 – Transit-Oriented Development Opportunity! Located next to 22nd Street SkyTrain Station in rapidly evolving New Westminster. Solid home offers holding income while you plan redevelopment. Under Bill 47 – Transit-Oriented Areas, this property falls within the high-density zone allowing minimum 20 storeys and up to 5 FSR (buyer to verify with City). Exceptional location steps to rapid transit, making it highly attractive for future high-rise residential development. Ideal opportunity for developers, investors, and land assembly prospects. Access by appointment only. Buyers must verify zoning, OCP, density and redevelopment potential with the City of New Westminster
How this price compares
This lot asks $1,999,999 per square foot of lot. That is 838845% above the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 111 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
- $1,999,999
- Lot size
- 1 sqft
- Lot dimensions
- 51 x
- Frontage
- 51 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1949
- MLS® area
- Connaught Heights
- MLS® number
- R3151262
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Listing data via MLS®. Displayed for information only.