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.
Address
823 Queens Avenue
List Price
$2,500,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
New Westminster
Sub-Area
Uptown NW
Bedrooms
3
Bathrooms
2
Floor Area
2,291 Sq. Ft.
Main Floor Area
1157
Lot Size
3300 Sq. Ft.
Lot Size Dimensions
0 x 0
Lot Size (Acres)
0.08 Ac.
Lot Features
Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
2291
Year Built
1950
MLS® Number
R3146789
Listing Brokerage
RE/MAX Select Realty
Basement Area
Finished, Exterior Entry
Postal Code
V3M 1L9
Zoning
RS-1
Ownership
Freehold NonStrata
Parking
Garage Single, Other, Front Access, Side Access
Parking Places (Total)
2
Tax Amount
$5,441.91
Tax Year
2025
Site Influences
Balcony, Private Yard, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Balcony, Private Yard
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air
Fireplace
Yes
Fireplace Features
Wood Burning
Number of Fireplaces
1
Garage
Yes
Garage Spaces
1
Levels
Two
Number Of Floors In Property
2