324 Lawrence St, New Westminster BC - Single Family Residence for Sale - MLS# R2955623

598 days on the market
$1,299,000
Est. Mortgage $5,747/mo
Listing updated:
EstateBlock checked:
3 Beds
1 Baths
800 sqft
1624 $ /sqft
1931 built
18.8% price reduction
598 days on the market
$1,299,000
$1,599,000
Est. $5,747/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for 324 Lawrence Street

18.8% price reduction

Remarkable opportunity in the fast-growing Queensborough. Builders : Future Potential to SUBDIVIDE to Two 33 x 130 Lots. We are excited to present a double lot property with the potential for development, featuring sub-dividable RQ-1 zoning that is strategically located amidst upscale residences. The property currently includes an existing house on two lots, promising a lucrative venture for developers and builders alike. Centrally located in trendy Queensborough is close to various amenities and attractions, including Queensborough Landing Shopping Centre, Walmart, Casino, Starbucks, Tim Hortons, Boston Pizza, Queensborough Middle School, Parks and Sports Field, Queensborough Bridge, Alex Fraser Bridge and Hwy 91.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Heating Type Natural Gas
# of Kitchens 1
Flooring Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features Private Yard
Roof Other
Structures Residential Detached

Building Details

Price $1,299,000
Total Bedrooms 3
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 800
Year Built 1931
Age Of Building 95
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow
Stories 1
Ownership Type Freehold NonStrata
Community Features Shopping Nearby
Utility Type Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Other, Front Access
Total Parking Spaces 12
Rental Suites None

Lot & Land

Lot Size 8633.94
Lot Size Depth Feet
Lot Size Frontage 66
MLS® # R2955623
Area New Westminster
Neighbourhood Queensborough
City New Westminster
Postal Code V3M 5L2
Gross Taxes $6,324.46
Zoning RQ-1

Property Timeline

Status Date Price
R2955623 / Active 01-13-2025 $1,299,000
to view full Property History (1 earlier record)
Rooms
Floor Type Dimensions
Main Level Living Room 17'0 x 17'0 ft
Main Level Primary Bedroom 11'0 x 11'0 ft
Main Level Bedroom 10'0 x 10'0 ft
Main Level Bedroom 10'0 x 10'0 ft
Main Level Kitchen 13'0 x 13'0 ft
Main Level Attic 13'0 x 13'0 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

Public Schools

Secondary
New Westminster Secondary School
Average 3.16 km 6.7/10
Middle
Queensborough Middle School
0.49 km
Elementary
Queen Elizabeth Elementary School
Average 0.47 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 1.91 km 10/10
Elementary,Secondary
John Knox Christian - Secondary Campus
Above Average 2.07 km 10/10

Closest Transit

Bus Stop
Westbound Ewen Ave @ McGillivray Place
0.17 km
Skytrain
Skytrain @ 22Nd St Stn
1.27 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

60 / 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
Unlikely — 1.27 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
598 DOM
Slower than area
Queensborough avg
37 DOM
Average
New Westminster avg
37 DOM
Faster market

324 Lawrence Street has a sell-speed score of 60/100, 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 5L2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3M 5L2, 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 (~4.2 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 (18 nearby)

  • Sue's hair salon · 341 m · Hairdresser
  • Hd nails spa · 404 m · Hairdresser
  • La vie en rose · 475 m · Clothes

Restaurants (17 nearby)

  • Opa! · 338 m · Fast Food
  • Subway · 355 m · Fast Food
  • Dana pani indian cuisine · 403 m · Restaurant

Groceries (5 nearby)

  • Foody world · 462 m · Supermarket
  • Queensborough landing liquor store · 480 m · Beverages
  • Bulk barn · 493 m · Supermarket

Cafes (2 nearby)

  • Starbucks · 332 m · Cafe
  • Bubble waffle cafe · 349 m · Cafe

Healthcare (1 nearby)

  • Queensborough community pharmacy · 532 m · Healthcare

Transit (1 nearby)

  • Bus stop eastbound duncan st @ 400 block · 937 m · Transit

Schools NearBy

14 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

469 m

Queensborough Middle School

Public

Grades Served

5-8

Catchment Info

In Catchment
0

Distance

486 m

Connaught Heights Elementary

Public

Grades Served

Catchment Info

6.9 / 10

Distance

1.73 KM

Lord Tweedsmuir Elementary

Public

Grades Served

Catchment Info

6.1 / 10

Distance

1.82 KM

Our Lady of Mercy

Independent

Grades Served

Catchment Info

10.0 / 10

Distance

1.91 KM

John Knox Christian - Secondary Campus

Independent

Grades Served

Catchment Info

9.2 / 10

Distance

2.07 KM

Hamilton Elementary

Public

Grades Served

Catchment Info

6.8 / 10

Distance

2.13 KM

POWER Alternate Secondary School

Public

Grades Served

10-12

Catchment Info

4.8 / 10

Distance

2.24 KM

Taylor Park Elementary School

Public

Grades Served

K-7

Catchment Info

7.7 / 10

Distance

2.34 KM

Royal City Alternate Program

Public

Grades Served

8-11

Catchment Info

0

Distance

2.52 KM

Lord Kelvin Elementary School

Public

Grades Served

K-5

Catchment Info

5.7 / 10

Distance

2.61 KM

Fraser River Middle

Public

Grades Served

Catchment Info

5.8 / 10

Distance

2.66 KM

Purpose Independent Secondary School

Independent

Grades Served

8-12

Catchment Info

4.0 / 10

Distance

2.77 KM

St. Thomas More Collegiate

Independent

Grades Served

Catchment Info

8.3 / 10

Distance

2.92 KM

Pre-computed routes from 324 Lawrence St, New Westminster, BC

By transit (Skytrain)

  • Downtown Vancouver via 22nd Street → Waterfront
    43 min
  • Metrotown, Burnaby via 22nd Street → Metrotown
    25 min
  • SFU Burnaby via 22nd Street → Production Way
    31 min
  • Richmond Centre via 22nd Street → Brighouse
    68 min
  • YVR Airport via 22nd Street → YVR-Airport
    69 min

By car (off-peak)

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

Calculate your commute

324 Lawrence St, New Westminster, BC is ideally located for commuters. The property is 1.3 km from 22nd Street, with a 43 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Ewen Ave @ McGillivray Place (0.17 km). Walk Score Transit rating: Some Transit (49/100).

Walkability & Transit Near 324 Lawrence Street

Walk Score Badge
Car-Dependent 49

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 49

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
77

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 324 Lawrence Street

/month
Principal & Interest
Property Taxes $527
Maintenance fee 0
Financing 80% of the $1,299,000 asking price over 30 years at 4% results in approximately $5,488/month in total estimated carrying costs, $527 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 $3,812/month in rental income, leaving a -$1,841/month cashflow at current carrying costs. Investors targeting break-even would need roughly 50% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 324 Lawrence Street, 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 — Queensborough, New Westminster

Beds Home Types Square Feet Lot Size Year Built
This Home $1,299,000
New Westminster Loading...
Queensborough 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. This property is flagged as a Hot Deal (18.8% price reduction) based on its competitive pricing and market demand.

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 324 Lawrence Street

Walk Score Badge
Car-Dependent 49

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 49

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
77

Bike Score - Very Bikeable

Biking is convenient for most trips

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