Prime holding and redevelopment opportunity in New Westminster. Currently improved with a single-family home, this property is designated M_RLM (Residential – Limited Mid-Rise) in the Official Community Plan and is located within the Transit-Oriented Area (Tier 3). OCP supports consideration of mid-rise residential development of up to 8 storeys, subject to…
Prime holding and redevelopment opportunity in New Westminster. Currently improved with a single-family home, this property is designated M_RLM (Residential – Limited Mid-Rise) in the Official Community Plan and is located within the Transit-Oriented Area (Tier 3). OCP supports consideration of mid-rise residential development of up to 8 storeys, subject to City approvals and rezoning. An excellent opportunity for developers to acquire this property as a standalone investment or explore the potential for a land assembly with neighbouring properties. Centrally located close to transit, parks, schools, shopping and amenities. Buyer to verify all development potential with the City of New Westminster.
Features
Balcony
Private Yard
Garage Single
Other
Front Access
Side Access
Shopping Nearby
Room measurements10 rooms▸
Living RoomMain · 12'9 × 20'1
Dining RoomMain · 9'8 × 13'2
KitchenMain · 11'2 × 12'1
Primary BedroomMain · 9'11 × 14'1
BedroomMain · 11'4 × 12'
BedroomBelow · 10'3 × 12'10
KitchenBelow · 8'11 × 13'7
Dining RoomBelow · 6'10 × 12'
Living RoomBelow · 12'1 × 18'3
LaundryBelow · 12'3 × 20'8
Floor plan
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Property Details
MLS NumberR3146789
Property TypeSingle Family Residence
Bedrooms3
Bathrooms2
Square Feet2,291
Lot Size3,300 sqft
Year Built1950
HeatingForced Air
Days on Market44
StatusActive
Listed ByRE/MAX Select Realty
School Catchment
ElementaryLord Kelvin
MiddleFraser River Middle
SecondaryNew Westminster Secondary
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$500,000Median home value
$67,000Median household income
40.4%Owner-occupied
6.2%Single-detached homes
1.9Avg household size
40.4Median age
33.4%Bachelor's degree or higher (25-64)
46.9%Commute under 30 min
66.6%Drive to work
33.5%Foreign-born residents
4,768Neighbourhood population
Age
Under 1511.9%
15 to 6474.5%
65 and over13.6%
Household size
1 person45.2%
233.1%
312%
47%
5 or more2.8%
Language spoken at home
60.7% English mother tongue
Tagalog4.2%
English + other3.7%
Spanish2.5%
Mandarin2%
Cantonese2%
Russian2%
All others22.9%
Mother tongue, share of 4,770 residents.
How this pocket differs
notably fewer seniors 65+ than Uptown NW 13.6% vs 20.6%
Median household income is lower than Metro Vancouver $67,000 vs $90,000
Median dwelling value is notably lower than Metro Vancouver $500,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Land & Development
Lot size3,343 sqft
Lot dimensions51 × 66 ft
Lot shapeRectangular
Transit-oriented potential (Bill 47 / TOA)
Transit areaTier 3within 800 m of a station
Max density3 FAR
Max height8 storeys
Est. buildable~9,996 sqft
Nearest stationNew Westminster Station649 m away
Within a provincially designated Transit-Oriented Area, this lot may support up to 3 FAR / 8 storeys regardless of base zoning. Provincial minimums and approximate — municipal rezoning, servicing and parking standards still apply.
Approximate lot lines (ParcelMap BC)
Zoning, lot dimensions and grade are approximate, from public data, and for reference only — verify with the City / Township of Langley before relying on them.
Recent nearby sales
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