$2,500,000

823 QUEENS AVENUE, New Westminster BC V3M 1L9

3 Beds 2.0 Bath 2,291 Sq Ft Built 1950

Detached

Listed by: RE/MAX Select Realty.

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Description

Prime holding and redevelopment opportunity in New Westminster. Currently improved with a single-family home, this property is designated M_RLM (Residential – Limited Mid-Rise) in the Official Community Plan and is located within the Transit-Oriented Area (Tier 3). OCP supports consideration of mid-rise residential development of up to 8 storeys, subject to City approvals and rezoning. An excellent opportunity for developers to acquire this property as a standalone investment or explore the potential for a land assembly with neighbouring properties. Centrally located close to transit, parks, schools, shopping and amenities. Buyer to verify all development potential with the City of New Westminster.

Location

Approximate location supplied by the listing data provider.

Property Details

Property Type	Detached
Sub Type	Single Family Residence
Bedrooms	3
Bathrooms	2.0
Living Area	2,291 sq ft
Lot Size	3,300 sq ft
Year Built	1950
Stories	2.0
Listing ID	R3146789

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823 QUEENS AVENUE, New Westminster BC V3M 1L9
MLS® R3146789 · $2,500,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

Monthly payments use Canadian fixed-rate, semi-annual compounding. The term is the contract length; amortization is the repayment period. Renewal rates may change.

Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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