205 FOURTH AVENUE, New Westminster

$1,490,000

This 6,468 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.

This is a rare find located in the beautiful Queen's Park neighbourhood. This home is an Estate Sale and sits on a large 49.02 x 131.99 ft lot. The home is very livable with very large principal rooms. A huge kitchen with Fulgor multi burner gas stove, nice sized pantry and large adjoining dining room. Tons of character all over with some great modifications over the years including a very large, covered deck off the kitchen. Lovely back yard with a double garage and separate covered carport for 2 more cars. EV charging system, and subpanel. This is a great home with tons of potential for future development possibilities. Open House Sunday September 27th 1:pm to 2:30pm.

How this price compares

This lot asks $230 per square foot of lot. That is about the same as the median of $233 across the 105 active lots VanPlex is showing in New Westminster, and puts it 52 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
$1,490,000
Lot size
6,468 sqft
Lot dimensions
49.2 x 131.99
Frontage
49.2 ft
Bedrooms
4
Bathrooms
4
Year built
1896
MLS® area
Queens Park
MLS® number
R3162257

Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.

Listing data via MLS®. Displayed for information only.