316 PEMBINA STREET, New Westminster
$908,000
This 6,500 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.
Great opportunity to own this 50x130 level lot in the ever growing Queensborough neighbourhood. Million dollar houses surround the area and very good future developments. A great investment or family home with some updates on roof, hot water tank & laminate flooring. 2 bedrooms on the main floor with kitchen, possible student accommodation or suite with kitchenette, living room, bath & bedroom on the top level & legal suite in basement. Potential for 3 separate suites. This home offers something for everyone. Near to Queensborough Landing (Walmart, Costco) shopping, local parks & transit is very accessible. Walking distance to reputable school Queen Elizabeth Elementary, Queenborogh Middle School. Quick access to both HWY 99 and 91(Vancouver). Don't miss it!open house July 25 2PM
How this price compares
This lot asks $140 per square foot of lot. That is 40% below the median of $233 across the 105 active lots VanPlex is showing in New Westminster, and puts it 2 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
- $908,000
- Lot size
- 6,500 sqft
- Lot dimensions
- 50 x 130
- Frontage
- 50 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1926
- Zoning
- RQ-1
- MLS® area
- Queensborough
- MLS® number
- R3093495
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Listing data via MLS®. Displayed for information only. Zoning RQ-1 stamped from the city record on 2026-09-19.