About This Property
Developer & Investor Alert - Transit-Oriented Development Opportunity! Located next to 22nd Street SkyTrain Station in rapidly evolving New Westminster. Solid home offers holding income while you plan redevelopment. Under Bill 47 - Transit-Oriented Areas, this property falls within the high-density zone allowing minimum 20 storeys and up to 5 FSR (buyer to verify with City). Exceptional location steps to rapid transit, making it highly attractive for future high-rise residential development. Ideal opportunity for developers, investors, and land assembly prospects. Access by appointment only. Buyers must verify zoning, OCP, density and redevelopment potential with the City of New Westminster (id:64973)
The $810 per square foot asking price for this 2720-square-foot home in New Westminster is 15% higher than the city's median for single-family properties, reflecting its prime location near the 22nd Street SkyTrain station. Given the high-density zoning and potential for redevelopment under the Transit-Oriented Areas legislation, this property is well-suited for experienced real estate investors seeking a strategic acquisition with long-term growth potential.
Property Details
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