FULLY ASSEMBLED SITE FOR SALE New Westminster, BC
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Listed with NAI Commercial
Listed for Sale
UNIQUE DEVELOPMENT PROPERTY 11 Lots totaling 57,760 SF zoned C-3 (High-Rise) Conor Finucane*
Commercial Sales & Leasing 604 691 6604
[email protected] *Personal Real Estate Corporation
Jesse Godin
Commercial Sales & Leasing 604 691 6636
[email protected] Zoning & FSR Details Zoning
Seventh Street Assembly New Westminster, BC
C-3, Community Commercial Districts (High-Rise) will allow ground floor commercial with high-rise residential tower above. The city is looking at amending current zoning.
Maximum Allowable Density
Opportunity
5.2 FSR (Floor-Space Ratio) on a 57,760-SF site can potentially build up to a maximum of 300,352 SF.
The subject site is comprised of 11 generously sized lots along Seventh Street and Fourth Avenue in the popular and high-growth Uptown area of New Westminster. It is conveniently located within a very short walking distance of Royal City Centre, Westminster Centre, the famous Moody Park, and numerous amenities along the bustling Sixth Street Corridor. This is the heart of New Westminster.
NOTE: The intent of the C-3 zoning district and related FSR is to allow for large site high-rise, commercial, and mixed use development including pedestrian oriented commercial businesses and multi-family residential. Any purchaser should satisfy themselves as to the overall potential of the site.
Site Details Address
Lot Dimension
Lot Size Property Tax (2017)
PID
Price
617 Fourth Ave*
50’ x 100’
5,000 SF
$18,097.58
002-273-489
$2,730,000
619 Fourth Ave
70’ x 100
7,000 SF
$5,090.64
012-626-066
$3,825,000
409 Seventh St
50’ x 120’
6,000 SF
$4,032.61
012-625-990
$3,280,000
411 Seventh St
48’ x 120’
5,760 SF
$3,853.72
009-606-548
$3,150,000
415 Seventh St**
40’ x 120’
4,800 SF
$3,243.81
000-485-641
$2,625,000
417 Seventh St
40’ x 120’
4,800 SF
$3,348.16
012-626-091
$2,625,000
419 Seventh St**
40’ x 120’
4,800 SF
$3,333.68
002-236-192
$2,625,000
421 Seventh St
49’ x 100’
4,900 SF
$3,586.69
013-469-959
$2,680,000
427 Seventh St
49’ x 100’
4,900 SF
$18,604.16
013-469-967
$2,680,000
435 Seventh St
49’ x 100’
4,900 SF
$12,996.71
005-312-370
$2,680,000
437 Seventh St
49’ x 100’
4,900 SF
$3,648.08
013-469-975
$2,680,000
57,760 SF
$79,835.84
Total
$31,580,000
98’
427
421
419
417
415
411
409 619
98’
SEVENTH ST
Listed with NAI Commercial
318’
Listed for Sale
FOURTH AVE
435
617 120’
437
BRANTFORD ST
100’
* Listed with Paramount Realty ** Listed with Royal LePage Wolstencroft
New Official Community Plan The city is reviewing this particular block named Bent Court. Their intention is to provide a mixed use and mixed density area which preserves existing heritage assets and streetscape character while recognizing existing development entitlements. Developments may be eligible for incentives such as reducing parking requirements, reduction or waiving of required commercial space and consideration of purchase of cityowned land and rights of way to facilitate consolidation. They are also exploring a density transfer program for this area to aid in conserving heritage assets.
Heritage Revitalization The city has been clear that with any development proposal, they will want to see that the developer has put some thought and consideration into restoring and saving some of the older houses on the block. We have identified 3 houses that would make sense to propose to be restored. 437 Seventh St is on a lot where it would likely remain and 411 Seventh St and 619 Fourth Ave would need to be relocated. There are available lots within the assembly that could be used to move these homes.
619 Fourth Avenue 3-storey Craftsman house built in 1926 5 bedrooms and 3 full bathrooms totaling 4,548 SF Extensively renovated throughout the years Roof replaced within 2 years
411 Seventh Street
437 Seventh Street
3-storey plus basement house built circa 1912
Duplex built in 1892 and renovated over the years
Totals 3,270 SF including 1090 SF of basement space
1 two-bedroom, 2 one-bedrooms and 4 washrooms
Has recently undergone renovations
Potential to convert to fourplex
SIXTH ST
SEVENTH ST
6-Storey, 41-Unit Building Under Construction by Alpha Beta Developments
FOURTH AVE
Conor Finucane*
Commercial Sales & Leasing 604 691 6604
[email protected] Jesse Godin
Commercial Sales & Leasing 604 691 6636
[email protected] *Personal Real Estate Corporation
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