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Investment Highlights

  • Level and accessible construction site
  • 7 minute walking distance to Moody Park
  • Upper Twelfth Street is the extension of Kingsway connecting to Burnaby and Vancouver
  • 5 commercial tenants -easy to self manage

Executive Summary

Application underway to develop 47 mixed residential units with 51,439 buildable sq.ft. (2.62 FSR). The site will include a 6 storey condo building ; a revitalized historic home and new town home dwellings. Parking access from the lane way to 74 underground parking stalls. Currently under public and committee review with the City.

Financial Summary (Actual - 2025) Click Here to Access

Annual (USD) Annual Per AC (USD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (USD)
Annual $99,999
Annual Per AC $9.99
Other Income (USD)
Annual -
Annual Per AC -
Vacancy Loss (USD)
Annual -
Annual Per AC -
Effective Gross Income (USD)
Annual $99,999
Annual Per AC $9.99
Taxes (USD)
Annual $99,999
Annual Per AC $9.99
Operating Expenses (USD)
Annual -
Annual Per AC -
Total Expenses (USD)
Annual $99,999
Annual Per AC $9.99
Net Operating Income (USD)
Annual -
Annual Per AC -

Property Facts

Price $6,279,166 USD
Sale Type Investment
Sale Condition Assemblage
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 0.45 AC
Zoning C2-A ; NR-2 - C2-A community Commercial Medium Rise to be devloped under OCP Residential lowrise

1 Lot Available

Lot

Price $6,279,166 USD
Price Per AC $13,923,163.60 USD
Lot Size 0.45 AC

Approximately 130 ft frontage on Twelfth St and 132 on Edinburgh with 3 lots to be amalgamated for a total 19,645 sq.ft. Street and lane exposure on 3 sides with lightly sloping topography to the Southern exposed laneway.

Description

Located within the Moody Park neighborhood on the east side of Twelfth st . This site includes 2 commercial zoned properties C2-A facing Twelfth Street (west) and 1 residential lot facing Edinburgh St (north). Onsite buildings include older wood frame commercial units facing Twelfth St with 5 commercial Tenants on short term tenancies. This future development site is only a 7 minute walk to Moody Park, New Westminster's best known multipurpose urban park.

Exceptionally walkable
100/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
  • Listing ID: 41586073

  • Date on Market: 8/6/2026

  • Last Updated:

  • Address: 1124 Edinburgh St, New Westminster, BC V3M 2V7

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