2125 MARINE WAY, New Westminster

$3,658,200

This 6,097.23 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.

Developer & Investor Alerts - Land Assembly – An incredible opportunity awaits you in New Westminster! Transit-Oriented investment opportunity in a prime location adjacent to 22nd street skytrain Station. Recently announced, Bill 47 (Transit-Oriented Areas) will designate the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5 FSR. This prime location presents a collection of 32 houses and can be sold on small group of homes. List price is per house. Situated just steps away from the Skytrain station, this property offers unparalleled convenience for future residents. Permission required to walk on property. Buyer to verify the OCP and City of New Westminster for zoning and all inquiries.

How this price compares

This lot asks $600 per square foot of lot. That is 157% above the median of $233 across the 105 active lots VanPlex is showing in New Westminster, and puts it 102 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: $3,658,200
Lot size: 6,097.23 sqft
Lot dimensions: 54.93 x 111
Frontage: 54.93 ft
Bedrooms: 8
Bathrooms: 2
Year built: 1930
Zoning: NR-2
MLS® area: Connaught Heights
MLS® number: R2982248

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Listing data via MLS®. Displayed for information only. Zoning NR-2 stamped from the city record on 2026-09-19.