1217 SIXTH AVENUE, New Westminster

$1,599,000

This 8,164 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.

Generate steady $8,900 monthly rental income while designing your next masterclass project at 1217 Sixth Avenue, New Westminster! Set in the desirable West End, this massive 8,164 sq. ft. corner lot boasts an impressive 66-foot frontage and exceptional 6-plex development potential (RD-1 zoning). The existing 1926 character home functions as a cash-flowing rooming house, letting your investment pay you from day one. Offered as a court-ordered, "As-Is, Where-Is" opportunity, this is a rare chance for visionary developers to secure a high-yield holding just steps from transit, schools, and the vibrant 12th Street corridor. Don't let this Royal City gem slip away! (Buyer to verify all development potential with the City of New Westminster).

How this price compares

This lot asks $196 per square foot of lot. That is 16% below the median of $233 across the 105 active lots VanPlex is showing in New Westminster, and puts it 32 of 105 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: $1,599,000
Lot size: 8,164 sqft
Lot dimensions: 66 x 123.7
Frontage: 66 ft
Bedrooms: 2
Bathrooms: 3
Year built: 1926
Zoning: RGO-B
MLS® area: West End NW
MLS® number: R3161624

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Listing data via MLS®. Displayed for information only. Zoning RGO-B stamped from the city record on 2026-09-19.