523 KELLY STREET, New Westminster
$1,699,000
This 5,085.39 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 extensively renovated 5-bedroom, 3-bathroom, CORNER-LOT home is the ultimate mortgage helper, featuring two separate rental suites downstairs. Enjoy peace of mind with major updates throughout, including new flooring, lighting, plumbing, and electrical, alongside a brand-new furnace and hot water tank (and no oil tank). The location perfectly balances lifestyle and convenience. You are situated right next to a park, steps from a public Montessori school, and just a 3-minute drive to Braid SkyTrain Station. With excellent income potential already in place—including a 2-year lease for the upstairs unit—this property is a turnkey investment or a fantastic family home.
How this price compares
This lot asks $334 per square foot of lot. That is 43% above the median of $233 across the 105 active lots VanPlex is showing in New Westminster, and puts it 96 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
- $1,699,000
- Lot size
- 5,085.39 sqft
- Lot dimensions
- 44.99 x 112.66
- Frontage
- 44.99 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1950
- Zoning
- RS-1
- MLS® area
- Sapperton
- MLS® number
- R3159161
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Listing data via MLS®. Displayed for information only. Zoning RS-1 stamped from the city record on 2026-09-19.