318 HAMPTON STREET, New Westminster
$1,125,000
This 6,925 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.
Great opportunity for investors, first-time buyers, and developers! This versatile property is perfect to build, live in, or hold for future development-the OCP designates the area for Townhouse or Duplex potential (buyer to confirm with the City). The home offers 4 bed & 2 Bath. 2-bed, 1-bath on main level and a 2-bed, 1-bath legal suite downstairs, ideal for extended family or rental income. Situated in a growing neighbourhood with excellent upside-don't miss out on this potential-packed property!
How this price compares
This lot asks $162 per square foot of lot. That is 32% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 10 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
- $1,125,000
- Lot size
- 6,925 sqft
- Lot dimensions
- 50 x
- Frontage
- 50 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1951
- MLS® area
- Queensborough
- MLS® number
- R3129556
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Listing data via MLS®. Displayed for information only.