2235 EDINBURGH STREET, New Westminster
$1,099,000
This 5,995.2 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.
RARE OPPORTUNITY TO DEVELOP OR INVEST & WAIT FOR FUTURE HIGHER DENSITY ZONING! Located in Tier 3 of the Bill 47 Transit Orientated Development Area - Buyer to verify all zoning, OCP & development feasibility directly with the City of New Westminster. Flat 49'96 x 120' lot (5995.2 sq ft) on the high side of the street with view potential. Currently NR-1 zoning. A few blocks from 22nd Street Skytrain station which is currently undergoing a transformation from single-family properties to a Masterplanned community of high-density, mixed-use, climate-friendly area centered on the station & pedestrian greenways called "22nd Street Station Bold Vision". 2233 Edinburgh next door also for sale, could be purchased together for a future Land Assembly & Rezoning. Quiet location & land value only.
How this price compares
This lot asks $183 per square foot of lot. That is 23% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 20 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
- $1,099,000
- Lot size
- 5,995.2 sqft
- Lot dimensions
- 49.96 x 120
- Frontage
- 49.96 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1940
- MLS® area
- Connaught Heights
- MLS® number
- R3154104
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Listing data via MLS®. Displayed for information only.