For Sale · New Westminster · Single Family

$1,650,000

319 E EIGHTH AVENUE, New Westminster

Beds

Baths

2,030

Sq Ft

About This Home

The details.

Exceptional DEVELOPMENT OPPORTUNITY in the highly sought-after neighbourhood of New Westminster! This 8,994 sq. ft. (61.68 ft frontage) property has been pre-zoned RGO-A under the City's new Residential Ground-Oriented Infill Housing Program, offering the potential for a FOURPLEX development. The value is in the land, with the existing home being sold as-is where-is. Surrounded by quality new development and conveniently located near parks, schools, transit, shopping and major commuter routes, this is an outstanding opportunity for builders, developers and investors looking to capitalize on one of New Westminster's most exciting redevelopment areas. Buyer to verify all zoning, density, development potential, building design, servicing requirements and approvals with the City. (id:66635)

Summarizing the highlights...

MLS® R3145705Listing courtesy of Sutton Centre RealtyView on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Size: 2,030 sqft
Lot size: 8,994 square feet
Parking: 4 spaces
MLS number: R3145705
Data source: Greater Vancouver REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$7,717

$1,320,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$7,717

Cash flow

-$7,717

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

New Westminster right now

234

Active listings

239

New this week

$689,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in New Westminster.

Household and demographic stats for New Westminster, from the Statistics Canada 2021 Census.

78,916
Population (2021): 40.4
Median age: 36,095
Households: 2.2
Avg household size: 54.7%
Home ownership: $82,000
Median household income

New Westminster neighbourhood guide Full census profile New Westminster market trends

Source: Statistics Canada 2021 Census, New Westminster, City (CY).

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.