370 HOSPITAL STREET, New Westminster
$1,688,000
This 8,660 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.
Investor/Developer Alert! Great opportunity with this spacious 4-bedroom single-family home situated on a rare, oversized 8,660 sq.ft lot. Double the size of most lots in the area! Whether you're looking to move in, hold, or build, the potential is limitless. The lot offers possible options for subdivision or redevelopment-buyer to make inquiries with the city for further details. Enjoy a large, fully fenced backyard perfect for privacy and outdoor activities. Located on a quiet street in a highly sought-after neighborhood, this property is just steps from the brand-new Skwo:wech Elementary School and bus routes. Within walking distance to shopping, restaurants, Royal Columbian Hospital, and Skytrain. Don't miss out on this prime investment opportunity.
How this price compares
This lot asks $195 per square foot of lot. That is 18% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 29 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
- $1,688,000
- Lot size
- 8,660 sqft
- Lot dimensions
- 65.55 x 131.99
- Frontage
- 65.55 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1947
- MLS® area
- Sapperton
- MLS® number
- R3114333
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Listing data via MLS®. Displayed for information only.