$14,500,000
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.
| Structures | Land Only |
|---|
| Price | $9,999,999 |
|---|---|
| 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 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 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
1135 Salter Street has a sell-speed score of 42/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 412.6% above comparable active properties in Queensborough. The local market is currently a Balanced Market with a sales-to-active ratio of 14.2% and an area average of 37 days on market — conditions are balanced. With only 155 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.
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).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
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.
Annual avg PM2.5 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~4.5 km). Annual avg AQHI 2.2 — Low Risk.
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.
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.
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.
11 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Queen Elizabeth Elementary School |
Public |
Grades ServedK-4
|
Catchment InfoIn Catchment
|
Distance451 m
|
|
Queensborough Middle School |
Public |
Grades Served5-8
|
Catchment InfoIn Catchment
|
Distance836 m
|
|
Hamilton Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.40 KM
|
|
Our Lady of Mercy |
Independent |
Grades Served—
|
Catchment Info—
|
Distance2.10 KM
|
|
Connaught Heights Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.25 KM
|
|
Lord Tweedsmuir Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.54 KM
|
|
Fraser Park Secondary School Program |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.70 KM
|
|
Brooke Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.80 KM
|
|
Taylor Park Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.82 KM
|
|
John Knox Christian - Secondary Campus |
Independent |
Grades Served—
|
Catchment Info—
|
Distance2.84 KM
|
|
POWER Alternate Secondary School |
Public |
Grades Served10-12
|
Catchment Info—
|
Distance2.97 KM
|
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).
Buy Vs Rent Calculator
Rent vs own
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Comparable data is unavailable at the neighbourhood level. City-wide in New Westminster, similar properties average $1,950,717 across 10 active listings — this listing is 412.6% above the New Westminster average. This property is flagged as a Hot Deal (31.0% price reduction) based on its competitive pricing and market demand.
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