324 LAWRENCE STREET, New Westminster
$1,299,000
This 8,633.94 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.
Remarkable opportunity in the fast-growing Queensborough. Builders : Future Potential to SUBDIVIDE to Two 33 x 130 Lots. We are excited to present a double lot property with the potential for development, featuring sub-dividable RQ-1 zoning that is strategically located amidst upscale residences. The property currently includes an existing house on two lots, promising a lucrative venture for developers and builders alike. Centrally located in trendy Queensborough is close to various amenities and attractions, including Queensborough Landing Shopping Centre, Walmart, Casino, Starbucks, Tim Hortons, Boston Pizza, Queensborough Middle School, Parks and Sports Field, Queensborough Bridge, Alex Fraser Bridge and Hwy 91.
How this price compares
This lot asks $150 per square foot of lot. That is 37% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 3 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
- $1,299,000
- Lot size
- 8,633.94 sqft
- Lot dimensions
- 66 x 130.2
- Frontage
- 66 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1931
- MLS® area
- Queensborough
- MLS® number
- R2955623
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Listing data via MLS®. Displayed for information only.