2005 Marine Way, New Westminster BC - Single Family Residence for Sale - MLS# R3074144

262 days on the market
$5,000,000
Est. Mortgage $22,120/mo
Listing updated:
EstateBlock checked:
3 Beds
1 Baths
2577 sqft
1940 $ /sqft
1910 built
262 days on the market
$5,000,000
Est. $22,120/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 2005 Marine Way

Developer & Investor Alert, Land Assembly! Exceptional Transit-Oriented Development opportunity in New Westminster, steps from 22nd Street SkyTrain Station. Under Bill 47 (Transit-Oriented Areas), these properties are designated for high-density development with a minimum 20-storey tower and minimum 5.0 FSR.This offering includes 2 adjoining lots (2005 and 2013 Marine Drive) totalling 21,682 sq. ft. of land. Considered the best corner site in the area at 20th Street and Marine Way. A rare chance to secure a premier development location in a rapidly growing corridor. Permission required to walk the property. Buyer to verify all zoning, OCP, and development details with the City of New Westminster.

Interior Features

Basement Finished Area (sqft) 0
Basement Features Unfinished
Heating Type Natural Gas
# of Kitchens 2
Foundation Other

Exterior Features

Roof Asphalt
Structures Residential Detached

Building Details

Price $5,000,000
Total Bedrooms 3
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 2577
Year Built 1910
Age Of Building 116
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Community Features Shopping Nearby
Utility Type Electricity Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Single, Open, Front Access

Lot & Land

Lot Size 16382
Lot Size Depth Feet
Lot Size Frontage 71
MLS® # R3074144
Area New Westminster
Neighbourhood Connaught Heights
City New Westminster
Postal Code V3M 2H2
Gross Taxes $6,804.16
Zoning NR-1

Property Timeline

Status Date Price
R3074144 / Active 12-15-2025 $5,000,000
to view full Property History (1 earlier record)
Rooms
Floor Type Dimensions
Main Level Foyer 9'7 x 9'7 ft
Main Level Family Room 13'11 x 13'11 ft
Main Level Kitchen 13'10 x 13'10 ft
Main Level Bedroom 12'8 x 12'8 ft
Main Level Eating Area 12'9 x 12'9 ft
Main Level Kitchen 17'10 x 17'10 ft
Main Level Dining Room 15'4 x 15'4 ft
Main Level Living Room 12'9 x 12'9 ft
Above Level Bedroom 11'7 x 11'7 ft
Above Level Walk-In Closet 7'6 x 7'6 ft
Above Level Bedroom 15'7 x 15'7 ft
Below Steam Room 13'9 x 13'9 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: eXp Realty

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

Private Schools

Elementary
Our Lady of Mercy
Above Average 1.5 km 10/10
Elementary,Secondary
John Knox Christian - Secondary Campus
Above Average 1.56 km 10/10

Closest Transit

Bus Stop
Westbound Marine Way @ 20 St
0.05 km
Skytrain
Skytrain @ 22Nd St Stn
0.22 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average 21.1%
No Certificate/Degree
Above Average 17.6%
Owner Occupied
Average 63.2%
Employment Rate
Above Average 69.6%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Possible
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

54 / 100
Overall sell-speed score
Moderate pace expected
Price competition grade
No comparable data
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Possible — near transit
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How CONNAUGHT HEIGHTS compares
This property
262 DOM
Slower than area
Connaught Heights avg
37 DOM
Average
New Westminster avg
37 DOM
Faster market

2005 Marine Way has a sell-speed score of 54/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. 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 may take several weeks to attract serious offers.

Climate Risk for V3M 2H2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3M 2H2, 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 (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~3.3 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

Shopping (14 nearby)

  • West end pharmacy · 320 m · Pharmacy
  • Iglow skin care · 380 m · Beauty Shop
  • Tommy hilfiger · 705 m · Clothes

Restaurants (5 nearby)

  • Empanada gal · 347 m · Fast Food
  • Papa dave's pizza · 450 m · Restaurant
  • Pho maxima · 455 m · Restaurant

Groceries (3 nearby)

  • West coast pretzel co. · 350 m · Bakery
  • 7-eleven · 589 m · Convenience
  • Foody world · 856 m · Supermarket

Transit (2 nearby)

  • Skytrain @ 22nd st stn station · 219 m · Transit
  • Bus stop eastbound duncan st @ 400 block · 981 m · Transit

Healthcare (1 nearby)

  • West end pharmacy · 320 m · Healthcare

Schools NearBy

23 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Lord Tweedsmuir Elementary

Public

Grades Served

Catchment Info

6.1 / 10

Distance

594 m

Connaught Heights Elementary

Public

Grades Served

Catchment Info

6.9 / 10

Distance

721 m

Taylor Park Elementary School

Public

Grades Served

K-7

Catchment Info

7.7 / 10

Distance

1.28 KM

Our Lady of Mercy

Independent

Grades Served

Catchment Info

10.0 / 10

Distance

1.50 KM

John Knox Christian - Secondary Campus

Independent

Grades Served

Catchment Info

9.2 / 10

Distance

1.56 KM

Lord Kelvin Elementary School

Public

Grades Served

K-5

Catchment Info

5.7 / 10

Distance

1.62 KM

Queensborough Middle School

Public

Grades Served

5-8

Catchment Info

0

Distance

1.65 KM

Queen Elizabeth Elementary School

Public

Grades Served

K-4

Catchment Info

6.5 / 10

Distance

1.73 KM

St. Thomas More Collegiate

Independent

Grades Served

Catchment Info

8.3 / 10

Distance

1.74 KM

POWER Alternate Secondary School

Public

Grades Served

10-12

Catchment Info

4.8 / 10

Distance

1.97 KM

Twelfth Avenue Elementary School

Public

Grades Served

K-7

Catchment Info

5.9 / 10

Distance

2.05 KM

Royal City Alternate Program

Public

Grades Served

8-11

Catchment Info

0

Distance

2.09 KM

New Westminster Secondary School

Public

Grades Served

9-12

Catchment Info

6.7 / 10

Distance

2.12 KM

Fraser River Middle

Public

Grades Served

Catchment Info

5.8 / 10

Distance

2.21 KM

Sigma

Public

Grades Served

Catchment Info

4.6 / 10

Distance

2.25 KM

New Westminster Continuing Education

Public

Grades Served

Catchment Info

6.7 / 10

Distance

2.47 KM

Glenwood Elementary School

Public

Grades Served

K-7

Catchment Info

5.4 / 10

Distance

2.50 KM

Purpose Independent Secondary School

Independent

Grades Served

8-12

Catchment Info

4.0 / 10

Distance

2.52 KM

Compass Christian New West

Independent

Grades Served

Catchment Info

6.4 / 10

Distance

2.61 KM

Al-Hidayah School

Independent

Grades Served

Catchment Info

4.0 / 10

Distance

2.64 KM

St. Francis de Sales

Independent

Grades Served

K-7

Catchment Info

8.7 / 10

Distance

2.65 KM

Clinton Elementary School

Public

Grades Served

K-7

Catchment Info

7.3 / 10

Distance

2.73 KM

Herbert Spencer Elementary School

Public

Grades Served

K-5

Catchment Info

6.9 / 10

Distance

2.97 KM

Pre-computed routes from 2005 Marine Way, New Westminster, BC

By transit (Skytrain)

  • Downtown Vancouver via 22nd Street → Waterfront
    31 min
  • Metrotown, Burnaby via 22nd Street → Metrotown
    13 min
  • SFU Burnaby via 22nd Street → Production Way
    19 min
  • Richmond Centre via 22nd Street → Brighouse
    56 min
  • YVR Airport via 22nd Street → YVR-Airport
    57 min

By car (off-peak)

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

Calculate your commute

2005 Marine Way, New Westminster, BC is ideally located for commuters. The property is 0.2 km from 22nd Street, with a 31 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Marine Way @ 20 St (0.05 km). Walk Score Transit rating: Excellent Transit (82/100).

Walkability & Transit Near 2005 Marine Way

Walk Score Badge
Car-Dependent 53

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 82

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 2005 Marine Way

/month
Principal & Interest
Property Taxes $567
Maintenance fee 0
Financing 80% of the $5,000,000 asking price over 30 years at 4% results in approximately $19,664/month in total estimated carrying costs, $567 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.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $12,393/month in rental income, leaving a -$7,604/month cashflow at current carrying costs. Investors targeting break-even would need roughly 52% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 2005 Marine Way, New Westminster

Buy Vs Rent Calculator

/ month
Rent
Own
Principal: Interest, tax, insurance, fees:

Rent vs own

Principal paid off by year 5
Principal paid off by year 10

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.

Price vs Neighbourhood Average — Connaught Heights, New Westminster

Beds Home Types Square Feet Lot Size Year Built
This Home $5,000,000
New Westminster Loading...
Connaught Heights Loading...

No active comparable properties are currently available for this property type in New Westminster. The price evaluation chart will update as similar listings enter the market.

Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 2005 Marine Way

Walk Score Badge
Car-Dependent 53

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 82

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
45

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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