1416 Eighth Ave, New Westminster, BC | MLS^® R3075127 Property Details

Investor Alert! Rare opportunity to acquire a standalone development site with strong future upside. This large lot offers excellent assembly or sole development potential, enhanced by Transit-Oriented Development (TOD) policies under Provincial legislation, which may allow for multi-family townhomes to condominium development, subject to City approval. Spacious Home with 2 kitchens! Home is a Rental with only Main Floor with tenants Call Randy for more information!

General Info

Price $2,598,000

Total Bedrooms 7

Total Bathrooms 3

Half Bathrooms 0

Floor Area Total (sqft) 3222

Lot Size 9801

Lot Size Depth Feet

Lot Size Frontage 66

Basement Full

Basement Features BasementFeatures

Property Metrics

Year Built 1929

Age Of Building 97

Building Type Single Family Residence

Property Type Residential

Stories 2

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R3075127

Area New Westminster

Neighbourhood West End NW

City New Westminster

Gross Taxes $7,903.2

Ownership Type Freehold NonStrata

Maintenance Fee -

Heating & Cooling

Fireplace -

Heating Type Other

Utilities

Utility Type Community

Utility Sewer Public Sewer

Water (WaterSource) Public

Parking

Parking Type Carport Single, Lane Access, Asphalt

Total Parking Spaces 2

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Strata Restrictions -

Rental Restrictions -

Zoning NR-1

Rental Suites Legal Suite

# of Kitchens 2

Foundation Concrete Perimeter

Locker -

View -

View Description -

Units In Development -

Exterior Features No Outdoor Area

Sewer Public Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	13'4 x 13'4 ft
Main Level	Dining Room	11'10 x 11'10 ft
Main Level	Kitchen	10'10 x 10'10 ft
Main Level	Family Room	9'11 x 9'11 ft
Main Level	Bedroom	11'4 x 11'4 ft
Main Level	Bedroom	9'10 x 9'10 ft
Main Level	Foyer	4'8 x 4'8 ft
Main Level	Laundry	5'8 x 5'8 ft
Above Level	Bedroom	9'7 x 9'7 ft
Above Level	Bedroom	10'7 x 10'7 ft
Basement Level	Living Room	10'1 x 10'1 ft
Basement Level	Dining Room	6'11 x 6'11 ft
Basement Level	Kitchen	6'10 x 6'10 ft
Basement Level	Bedroom	8'9 x 8'9 ft
Basement Level	Bedroom	9'3 x 9'3 ft
Basement Level	Bedroom	9'0 x 9'0 ft
Basement Level	Flex Room	9'0 x 9'0 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4
Above Level	No	#4
Basement	No	#3

Listed by: RE/MAX Select Properties

NOTE: 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 Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary

Lord Tweedsmuir Elementary School

Average

0.42 km

6.5/10

Middle

Fraser River Middle School

1.59 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

Our Lady of Mercy School

0.76 km

10/10

Excellent

Secondary

St.Thomas More Collegiate

0.79 km

Closest Transit

Bus Stop

Westbound 8th Ave @ 14 St

0.08 km

Skytrain

Skytrain @ 22Nd St Stn

1.19 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 1416 Eighth Avenue, a fantastic property in the heart of New Westminster, BC. As your trusted realtor, I'm excited to share with you the many attractions and benefits of this wonderful community. Let's start with the schools, shall we?

Just down the road from this beautiful home, you'll find Lord Tweedsmuir Elementary School, rated 6.5/10. This highly-rated school is only 0.42 km away, making it an ideal choice for families with young children. Our Lady of Mercy School, an independent elementary school, is also close by, with a stellar rating of 10/10 and located just 0.76 km from this property. For secondary education, St. Thomas More Collegiate is a short 0.79 km away, offering a unique educational experience for high school students.

Now, let's talk about safety. According to Statistics Canada's 2020 report, the neighbourhood surrounding 1416 Eighth Avenue, New Westminster, BC, has an overall crime rate of 6,761.11 incidents per 100,000 population, which is Average compared to other Canadian cities. What's more, the crime rate has experienced a welcome decline of -10.42% over the years. In terms of specific types of crime, the neighbourhood has a Below Average rate of drug-related incidents, with 134.4 offenses per 100,000 population.

In addition to its safe environment, this community is also home to a diverse range of residents. According to the latest data, 29.8% of people in the area have a university certificate or degree, which is Above Average in comparison to other BC neighbourhoods. Furthermore, the median household income in this area is $90,112, which is also Above Average, and the median personal income is $37,895, also Above Average. Moreover, the unemployment rate in this area is 7.1%, which is Below Average in comparison to other provinces.

This property is located in a vibrant and growing community, with a population change of 4.3% between 2011 and 2016, which is Above Average in comparison to average growth rates in the region. The population density per square kilometre in this area is 4,304.3, which is High, and the average size of families in this area is 3, which is also Above Average.

As for lifestyle amenities, you'll find a range of parks, beaches, and trails nearby, perfect for outdoor enthusiasts. The West End NW area is also home to a variety of shopping malls, grocery stores, restaurants, and coffee shops, making it easy to find everything you need within walking distance. Public transportation is also readily available, with the Westbound 8th Ave @ 14 St bus stop just 0.08 km away.

In terms of real estate, the average value of dwellings in this area is $1,061,615, which is High in comparison to other areas in British Columbia. The average owner payments in this area are also High, with owners spending an average of $1,653 per month. Tenants, on the other hand, pay an average of $1,164 per month, which is Above Average.

As your trusted realtor, I'm confident that 1416 Eighth Avenue, New Westminster, BC, MLS^® R3075127, is an excellent choice for anyone looking for a safe, vibrant, and growing community with a range of lifestyle amenities. Don't miss out on this fantastic opportunity to call this beautiful home your own!

1416 Eighth Ave, New Westminster, BC, MLS^® R3075127