407 GARRETT STREET, New Westminster
$1,999,000
This 5,085 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.
Prime opportunity in New Westminster’s Sapperton! Just steps to SkyTrain within the Province’s new Transit-Oriented Area (TOA), Royal Columbian Hospital, and the vibrant Brewery District by Wesgroup. This large RS-1 zoned lot offers strong holding value with future potential, as the City’s Draft Land Use Designation identifies the area for Residential – Limited Mid Rise (RLM). Buyers should verify details with the City regarding future development. A rare chance to secure property in a rapidly evolving neighborhood with excellent transit, shopping, and community amenities at your doorstep.
How this price compares
This lot asks $393 per square foot of lot. That is 65% above the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 104 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
- $1,999,000
- Lot size
- 5,085 sqft
- Lot dimensions
- 45 x 113
- Frontage
- 45 ft
- Bedrooms
- 4
- Bathrooms
- 1
- Year built
- 1914
- MLS® area
- Sapperton
- MLS® number
- R3044193
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Listing data via MLS®. Displayed for information only.