239 FOURTH STREET, New Westminster
$1,425,000
This 5,108 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.
A rare opportunity in New Westminster's historic Queen's Park neighbourhood. Situated on a prominent corner property, this protected Victorian Gothic style residence offers an exceptional project for a buyer with the experience and vision to undertake a substantial property project. The dwelling has extensive structural deficiencies, is not suitable for occupancy in its present condition, and requires major reconstruction. Offered as-is, where-is. Buyers must review the Structural Condition Assessment and Heritage Values Assessment through their Realtor before requesting a showing. All rehabilitation, alteration, redevelopment or demolition options are subject to City approval.
How this price compares
This lot asks $279 per square foot of lot. That is 17% above the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 84 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
- $1,425,000
- Lot size
- 5,108 sqft
- Lot dimensions
- 0 x 0
- Frontage
- 0 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1893
- MLS® area
- Queens Park
- MLS® number
- R3153662
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Listing data via MLS®. Displayed for information only.