121 SINCLAIR AVENUE, New Westminster
$1,200,000
This 6,970 sqft property in New Westminster is a detached single-family home on a lot the new rules make suitable for a multiplex. New Westminster follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. Heritage character adds a design step on some streets.
LAND VALUE OPPORTUNITY in a desirable New Westminster neighbourhood. 121 Sinclair Avenue offers excellent potential for investors, builders, move up buyers or anyone looking for a project with strong future potential. Situated in the RGO A zoning district with a Residential Ground Oriented Infill Housing OCP designation, the property may allow a range of housing options including single detached, duplex, multiplex, laneway or carriage house, and secondary suites, with up to 4 units, subject to City approval and requirements. Existing home offers 3 bedrooms and 2 bathrooms, plus a large detached garage and workshop at the rear with convenient back lane access. Also a great opportunity for a buyer willing to renovate and add value through sweat equity while creating a family home.
How this price compares
This lot asks $172 per square foot of lot. That is 27% below the median of $237 across the 100 active lots VanPlex is showing in New Westminster, and puts it 15 of 100 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,200,000
- Lot size
- 6,970 sqft
- Lot dimensions
- 52.8 x 132
- Frontage
- 52.8 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1949
- MLS® area
- GlenBrooke North
- MLS® number
- R3158230
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Listing data via MLS®. Displayed for information only.