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240 E EIGHTH AVENUE, New Westminster

$1,450,000

This 5,982 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.

OPPORTUNITY in The Heights. Surprisingly quiet home inside with its double windows & Views that will blow your mind. Larger home than the rest at this very affordable price, move in condition, and with potential income to help financially. Enjoy the carpeting over hard wood floors, wood burning fireplace in living room, bright dining room opening up into lovely vaulted ceiling family room (or potential 3rd bedroom?) with wall to wall windows and sliding patio doors to capture the gorgeous views. Nicely appointed large kitchen with wood cabinets. Principle bedroom with 3 piece ensuite & new carpet. 2nd bedroom is even larger. Full height walk out bsmt with income potential, plus recroom & fireplace, workshop & shared laundry. Fenced back yard for your pets & kids.

How this price compares

This lot asks $242 per square foot of lot. That is 2% above the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 59 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
$1,450,000
Lot size
5,982 sqft
Lot dimensions
49.84 x 120.02
Frontage
49.84 ft
Bedrooms
4
Bathrooms
3
Year built
1952
MLS® area
The Heights NW
MLS® number
R3147576

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Listing data via MLS®. Displayed for information only.