609 FOURTH STREET, New Westminster
$1,600,000
This 7,800 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.
Opportunity knocks in one of New Westminster's most desirable neighbourhoods! Situated on a fantastic 7,800 sq ft lot (65 x 120), this Glenbrooke North property is zoned RGO-B, opening the door to multiplex development potential of up to 6 units. Existing home is in livable condition, making it an ideal holding property while you plan your next move. Live in it as-is, rent it out for holding income, or take on a renovation to turn it into a fantastic starter family home. The basement is unfinished with 6'8 ceiling height. With its 65 foot frontage and central Glenbrooke North location, this property offers flexibility for investors, builders, and homeowners alike.
How this price compares
This lot asks $205 per square foot of lot. That is 14% below the median of $238 across the 111 active lots VanPlex is showing in New Westminster, and puts it 37 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
- $1,600,000
- Lot size
- 7,800 sqft
- Lot dimensions
- 65 x 120
- Frontage
- 65 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1930
- MLS® area
- GlenBrooke North
- MLS® number
- R3146603
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Listing data via MLS®. Displayed for information only.