Home New Westminster, BC Queensborough 1135 Salter Street

1135 Salter St, New Westminster BC – Land for Sale – MLS® R3002624

1135 Salter Street, New Westminster, British Columbia V3M 6A4

525 days on the market

$8,999,999

Est. Mortgage $39,816/mo

Listing updated: Sep 29, 2026 at 05:08pm

EstateBlock checked: Oct 21, 2026 at 01:45am

0 sqft

37.9% price reduction

Photos

Exterior photo of 1135 Salter St, New Westminster, BC – MLS® R3002624

Exterior Rear Photo of 1135 Salter Street, New Westminster, BC

Living Room Photo of 1135 Salter Street, New Westminster, BC

Colliers presents the opportunity to acquire a 2.31 acre development property approved at 3rd reading for a 45-unit townhouse development site with plans for 49,692 buildable SF. The property is located at the Queensborough district of New Westminster and is within steps of Queensborough Elementary and Middle Schools, Queensborough Community Centre, parks, entertainment and retail amenities.

Exterior Features

Structures	Land Only

Building Details

Price	$8,999,999
Property Type	Land
Ownership Type	Freehold NonStrata
Community Features	Near Shopping
Utility Type	Sanitary Sewer Unknown, Storm Sewer Not Available, Electricity Not Available, Natural Gas Not Available, Phone Not Available, Cable Not Available
Water (WaterSource)	Other

Lot & Land

Lot Size	2.31
Lot Size Depth	Feet
Lot Size Frontage	0
MLS^® #	R3002624
Area	New Westminster
Neighbourhood	Queensborough
City	New Westminster
Postal Code	V3M 6A4
Gross Taxes	$42,962.84
Zoning	RT-3

Property Timeline

Status	Date	Price
R3002624 / Active	05-14-2025	$8,999,999
to view full Property History (1 earlier record)

Listed by: Colliers

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.

Map & Neighbourhood

Public Schools

Secondary
New Westminster Secondary School: Average 3.95 km 6.7/10
Middle
Queensborough Middle School: 0.84 km
Elementary
Queen Elizabeth Elementary School: Average 0.45 km 6.5/10

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: Above Average 2.1 km 10/10
Elementary,Secondary
John Knox Christian - Secondary Campus: Above Average 2.84 km 10/10

Closest Transit

Bus Stop
Westbound Ewen Ave @ Jardine St: 0.23 km
Skytrain
Skytrain @ 22Nd St Stn: 1.90 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Average
Property Crime Rate: Average

Demographics

Post-Secondary Education: Average 28%
No Certificate/Degree: Average 14.6%
Owner Occupied: Above Average 82.9%
Employment Rate: Above Average 66.9%

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

Sell Speed & Competition

30 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $-60,263,993

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 1.90 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How QUEENSBOROUGH compares

This property

525 DOM

Slower than area

Queensborough avg

29 DOM

Average

New Westminster avg

29 DOM

Faster market

1135 Salter Street has a sell-speed score of 30/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 769.6% above comparable active properties in Queensborough. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.1% and an area average of 29 days on market — buyers have more leverage. With only 158 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V3M 6A4

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3M 6A4, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline. Nearest station: Burnaby South, Burnaby (~4.5 km). Annual avg AQHI 2.2 — Low Risk.

Heat Moderate

New Westminster currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~8 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.5 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Increasing

Annual precipitation ~1516 mm (1981–2010 baseline), projected ~1574 mm by the 2050s. Extreme 1-day rainfall: ~51.5 mm baseline, ~57.1 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Restaurants (16 nearby)

Queensboro pizza · 207 m · Fast Food
Lucky sushi · 226 m · Restaurant
Kirin · 628 m · Restaurant

Shopping (7 nearby)

Goodfellas barber · 207 m · Hairdresser
Good luck hair design · 263 m · Hairdresser
Queensborough laundromat · 272 m · Laundry

Groceries (4 nearby)

Take the cake · 208 m · Bakery
Chinoy's supermart · 261 m · Convenience
Queensborough landing liquor store · 818 m · Beverages

Cafes (2 nearby)

Starbucks · 924 m · Cafe
Bubble waffle cafe · 937 m · Cafe

Healthcare (1 nearby)

Queensborough community pharmacy · 279 m · Healthcare

Transit (1 nearby)

Bus stop westbound ewen ave @ wood st · 967 m · Transit

Schools NearBy

11 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Queen Elizabeth Elementary School	Public	Grades Served K-4	Catchment Info In Catchment	6.5 / 10	Distance 451 m
Queensborough Middle School	Public	Grades Served 5-8	Catchment Info In Catchment	N/A	Distance 836 m
Hamilton Elementary	Public	Grades Served —	Catchment Info —	6.8 / 10	Distance 1.40 KM
Our Lady of Mercy	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.10 KM
Connaught Heights Elementary	Public	Grades Served —	Catchment Info —	6.9 / 10	Distance 2.25 KM
Lord Tweedsmuir Elementary	Public	Grades Served —	Catchment Info —	6.1 / 10	Distance 2.54 KM
Fraser Park Secondary School Program	Public	Grades Served —	Catchment Info —	N/A	Distance 2.70 KM
Brooke Elementary	Public	Grades Served —	Catchment Info —	4.4 / 10	Distance 2.80 KM
Taylor Park Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.82 KM
John Knox Christian - Secondary Campus	Independent	Grades Served —	Catchment Info —	9.2 / 10	Distance 2.84 KM
POWER Alternate Secondary School	Public	Grades Served 10-12	Catchment Info —	4.8 / 10	Distance 2.97 KM

Pre-computed routes from 1135 Salter St, New Westminster, BC

1135 Salter St, New Westminster, BC 22nd Street 1.9 km

51 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via 22nd Street → Waterfront
51 min
Metrotown, Burnaby via 22nd Street → Metrotown
33 min
SFU Burnaby via 22nd Street → Production Way
39 min
Richmond Centre via 22nd Street → Brighouse
76 min
YVR Airport via 22nd Street → YVR-Airport
77 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
20 min
Metrotown, Burnaby via Lougheed Hwy
7 min
SFU Burnaby via Gaglardi Way
10 min
Richmond Centre via No. 3 Rd
16 min
YVR Airport via Bridgeport / Sea Island
20 min

Calculate your commute

1135 Salter St, New Westminster, BC is ideally located for commuters. The property is 1.9 km from 22nd Street, with a 51 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Ewen Ave @ Jardine St (0.23 km). Walk Score Transit rating: Some Transit (48/100).

Walkability & Transit Near 1135 Salter Street

Car-Dependent 64

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Some Transit 48

Transit Score - Some Transit

A few nearby public transportation options

Somewhat
Bikeable 70

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 1135 Salter Street

/month

Principal & Interest

Property Taxes $3,580

Maintenance fee 0

A 20% down payment of $1,800,000 on this $8,999,999 listing yields an estimated mortgage of $34,374/month (30-year fixed, 4%). Total estimated housing cost: $37,954/month, $3,580 property tax.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

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Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

With $17,612/month in estimated rental income against $38,453/month in mortgage payments, the monthly cashflow is -$20,841/month. A 69% down payment would reach break-even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 1135 Salter Street, New Westminster

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.