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.
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Listing updated:
Listed by:
Iolanda Esposito PREC*,
RE/MAX Select Realty Brokerage
Source: Greater Vancouver REALTORS®,MLS®#: R3146789Originating MLS®#: Greater Vancouver
Parking features: Garage, Other, Front Access, Side Access
Garage spaces: 1
Features
Levels: Two
Stories: 2
Exterior features: Balcony, Private Yard
Frontage length: 0
Lot
Size: 3,484 Square Feet
Features: Recreation Nearby
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Condition
Year built: 1950
Community & HOA
Community
Features: Near Shopping
HOA
Has HOA: No
Location
Region: New Westminster
Financial & listing details
Price per square foot: C$1,091/sqft
Annual tax amount: C$5,441
Date on market: 7/15/2026
Ownership: Freehold NonStrata
Iolanda Esposito PREC*
Iolanda Esposito PREC*
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