525 SIXTEENTH STREET, New Westminster
$990,000
This 6,000 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.
Welcome to 525 Sixteenth Street, New Westminster. This well-maintained home offers a functional layout with bright, open living spaces, generous room sizes, and abundant natural light throughout. Situated on a sizeable lot, it features a private yard ideal for relaxing, gardening, or entertaining. The home provides excellent flexibility for extended family living with strong potential for rental income, making it a great fit for both homeowners and investors. Located in the desirable West End, close to parks, schools, transit, and shopping, with easy access to Burnaby, Vancouver, and major routes. A fantastic opportunity in a growing, well-connected community.
How this price compares
This lot asks $165 per square foot of lot. That is 31% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 11 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
- $990,000
- Lot size
- 6,000 sqft
- Lot dimensions
- 50 x 120
- Frontage
- 50 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1954
- MLS® area
- Uptown NW
- MLS® number
- R3124302
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Listing data via MLS®. Displayed for information only.