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1416 Eighth Av 0.23 Acres of Residential Land Offered at $1,871,084 USD in New Westminster, BC V3M 2S4
INVESTMENT HIGHLIGHTS
- Rare standalone development site in a TOD-designated area
- Existing rental income from spacious home with two kitchens
- Strong future upside for multi-family or condominium development
- Large 9,801 sq. ft. lot with 66 ft frontage for optimal design flexibility
- Strategic location near transit, retail, and community amenities
EXECUTIVE SUMMARY
Investor Alert! Rare opportunity to acquire a standalone development site with strong future upside. This large lot offers excellent assembly or sole development potential, enhanced by Transit-Oriented Development (TOD) policies under Provincial legislation, which may allow for multi-family townhomes to condominium development, subject to City approval.
PROPERTY FACTS
| Price | $1,871,084 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.23 AC |
| No. Lots | 1 |
| Price | $1,871,084 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.23 AC |
1 LOT AVAILABLE
Lot
| Price | $1,871,084 USD | Lot Size | 0.23 AC |
| Price Per AC | $8,315,928.61 USD |
| Price | $1,871,084 USD |
| Price Per AC | $8,315,928.61 USD |
| Lot Size | 0.23 AC |
A large lot offers excellent assembly or sole development potential.
DESCRIPTION
Located in a vibrant, transit-accessible neighborhood, the site benefits from proximity to major corridors, retail hubs, and community amenities. New Westminster is a growing urban center with strong demographics and connectivity to Metro Vancouver, offering developers a prime opportunity to capitalize on housing demand in a high-growth market. With TOD policies encouraging density near transit, this property is perfectly aligned for long-term value creation.
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Walk Score®
Very Walkable (76)
Transit Score®
Excellent Transit (70)
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Presented by
Republique Group
1416 Eighth Av
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