413 ELEVENTH STREET, New Westminster
$810,000
This 4,462 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.
Development Opportunity in New Westminster! Located on a corner lot of approximately 4,462 sq. ft. and zoned RGO-B, this property offers an opportunity to explore redevelopment potential. Preliminary concepts could include a new two-storey single-family home of approximately 2,200 sq. ft., or a side-by-side duplex with approximately 2,400–2,600 sq. ft. of total floor area (roughly 1,200–1,300 sq. ft. per home). All sizes are illustrative estimates only and subject to confirmation of applicable zoning, setbacks, building coverage, design requirements and City approvals. Buyers to conduct their own due diligence with the City of New Westminster.
How this price compares
This lot asks $182 per square foot of lot. That is 23% below the median of $235 across the 91 active lots VanPlex is showing in New Westminster, and puts it 16 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
- $810,000
- Lot size
- 4,462 sqft
- Lot dimensions
- 66.74 x
- Frontage
- 66.74 ft
- Bedrooms
- 2
- Bathrooms
- 1
- Year built
- 1927
- MLS® area
- Uptown NW
- MLS® number
- R3144462
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Listing data via MLS®. Displayed for information only.