Generate steady $8,900 monthly rental income while designing your next masterclass project at 1217 Sixth Avenue, New Westminster! Set in the desirable West End, this massive 8,164 sq. ft. corner lot boasts an impressive 66-foot frontage and exceptional 6-plex development potential (RD-1 zoning). The existing 1926 character home functions as a cash-flowing…
Generate steady $8,900 monthly rental income while designing your next masterclass project at 1217 Sixth Avenue, New Westminster! Set in the desirable West End, this massive 8,164 sq. ft. corner lot boasts an impressive 66-foot frontage and exceptional 6-plex development potential (RD-1 zoning). The existing 1926 character home functions as a cash-flowing rooming house, letting your investment pay you from day one. Offered as a court-ordered, "As-Is, Where-Is" opportunity, this is a rare chance for visionary developers to secure a high-yield holding just steps from transit, schools, and the vibrant 12th Street corridor. Don't let this Royal City gem slip away! (Buyer to verify all development potential with the City of New Westminster).
Features
Storage
Open
Front Access
Concrete
Paver Block
Shopping Nearby
Room measurements16 rooms▸
StorageBsmt · 7' × 12'
OtherBsmt · 12' × 11'
OtherMain · 23' × 10'
Recreation RoomBsmt · 31' × 16'
FoyerMain · 10' × 7'
OtherMain · 18' × 10'
KitchenBsmt · 17' × 9'
BedroomMain · 14' × 14'
Primary BedroomAbove · 25' × 20'
LaundryBsmt · 4' × 7'
Eating AreaMain · 12' × 14'
OtherAbove · 16' × 20'
UtilityBsmt · 13' × 23'
OtherMain · 14' × 14'
OtherBsmt · 15' × 11'
OtherMain · 9' × 14'
Floor plan
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Property Details
MLS NumberR3161624
Property TypeSingle Family Residence
Bedrooms2
Bathrooms3
Square Feet3,025
Lot Size8,164 sqft
Year Built1926
HeatingForced Air, Hot Water, Natural Gas
Days on Market0
StatusActive
Listed ByeXp Realty
School Catchment
ElementaryLord Tweedsmuir
MiddleFraser River Middle
SecondaryNew Westminster Secondary
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,300,000Median home value
$108,000Median household income
61.8%Owner-occupied
43.9%Single-detached homes
2.8Avg household size
41.6Median age
36.9%Bachelor's degree or higher (25-64)
52.7%Commute under 30 min
73.7%Drive to work
34.2%Foreign-born residents
4,744Neighbourhood population
Age
Under 1514.5%
15 to 6470.1%
65 and over15.4%
Household size
1 person21.9%
229%
316.9%
419.8%
5 or more12.4%
Language spoken at home
59% English mother tongue
Punjabi6.1%
English + other4.8%
Tagalog4.4%
Mandarin4.2%
Cantonese2.7%
Spanish1.7%
All others17.1%
Mother tongue, share of 4,730 residents.
How this pocket differs
notably more 5+ person households than New Westminster 12.5% vs 5.3%
notably more 4-person households than New Westminster 19.9% vs 10%
notably fewer people living alone than New Westminster 22% vs 36.8%
notably more Punjabi speakers than New Westminster 6.1% vs 3.6%
Median household income is higher than Metro Vancouver $108,000 vs $90,000
Median dwelling value is higher than Metro Vancouver $1,300,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Ped NaimiPersonal Real Estate Corp
Vinod BashirPersonal Real Estate Corp
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