239 FOURTH STREET, New Westminster
$1,249,000
This 5,108 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.
A rare opportunity to own a distinctive piece of New Westminster history. Dating to 1893, this protected Victorian Gothic style residence occupies a prominent corner lot in historic Queen's Park. Rich in heritage character, the property offers the potential to build up to 0.7 FSR, creating an exceptional opportunity to reimagine one of Queen's Park's memorable homes. The house has structural deficiencies, is not currently suitable for occupancy, and requires major reconstruction. Offered as-is, where-is. Buyers must review the Structural Condition and Heritage Values Assessments through their Realtor first. Conveniently located, this unique property is a compelling opportunity for an experienced builder or visionary buyer to revive a distinguished part of Queen's Park heritage.
How this price compares
This lot asks $245 per square foot of lot. That is 4% above the median of $235 across the 91 active lots VanPlex is showing in New Westminster, and puts it 49 of 91 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
- $1,249,000
- Lot size
- 5,108 sqft
- Lot dimensions
- 0 x 0
- Frontage
- 0 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1893
- Zoning
- RS-4
- MLS® area
- Queens Park
- MLS® number
- R3175636
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Listing data via MLS®. Displayed for information only. Zoning RS-4 stamped from the city record on 2026-10-15.