$2,500,000
New Listing
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.
Listed by RE/MAX Select Realty.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Paul Cameron for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
| MLS®: | R3146789 |
| Type: | House |
| Bedrooms: | 3 |
| Bathrooms: | 2 |
| Square Feet: | 2,291 sqft |
| Lot Size: | 3,300 sqft |
| Year Built: | 1950 |