341 SHERBROOKE STREET, New Westminster
$1,599,000
This 7,194 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.
Developer and investor alert! Currently rented for $4500/month and operating as a daycare business. Newly renovated home on approx. 7,200 sq ft lot with dual street access (Sherbrooke & Knox). Ideal for builders or investors. A great family home, the main floor features a spacious living room, 2 bedrooms , a full bathroom and dining room. Completely updated in 2026 with laminate flooring, new kitchen cabinets, and brand new appliances. The basement has a separate entrance and includes a suite with 2 additional bedrooms, living room, kitchen, and bathroom, plus an additional flexible bedroom that can be used by the owner or incorporated into the suite for tenants. Enjoy the privacy of the large backyard. Convenient location close to schools, parks, SkyTrain, hospital and Hwy 1.
How this price compares
This lot asks $222 per square foot of lot. That is 7% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 46 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
- $1,599,000
- Lot size
- 7,194 sqft
- Lot dimensions
- 54.5 x 132
- Frontage
- 54.5 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1949
- MLS® area
- Sapperton
- MLS® number
- R3106178
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Listing data via MLS®. Displayed for information only.