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$1,650,000

319 E EIGHTH AVENUE

New Westminster BC V3L 4K5 - The Heights NW
3 bd
2 ba
2,030 sqft

About This Property

Exceptional DEVELOPMENT OPPORTUNITY in the highly sought-after neighbourhood of New Westminster! This 8,994 sq. ft. (61.68 ft frontage) property has been pre-zoned RGO-A under the City's new Residential Ground-Oriented Infill Housing Program, offering the potential for a FOURPLEX development. The value is in the land, with the existing home being sold as-is…

Features

Garage Double
Lane Access
Room measurements9 rooms▸
Living RoomMain · 15'1 × 12'6
Porch (enclosed)Main · 6'8 × 4'4
FoyerMain · 7'2 × 4'8
Dining RoomMain · 8'1 × 12'6
KitchenMain · 13' × 12'7
Primary BedroomMain · 11'9 × 17'1
BedroomBelow · 11'9 × 17'1
BedroomBelow · 15'6 × 11'10
Family RoomBelow · 13' × 18'9

Property Details

MLS NumberR3145705
Property TypeSingle Family Residence
Bedrooms3
Bathrooms2
Square Feet2,030
Lot Size8,994 sqft
Parking Spaces2
HeatingForced Air
Days on Market56
StatusActive
Listed BySutton Centre Realty

School Catchment

Elementary FW Howay
Middle Ecole Glenbrook Middle
Secondary New Westminster Secondary

Neighbourhood

Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,200,000Median home value
$117,000Median household income
69.7%Owner-occupied
55.1%Single-detached homes
2.7Avg household size
42Median age
43.7%Bachelor's degree or higher (25-64)
53%Commute under 30 min
77%Drive to work
26.2%Foreign-born residents
3,891Neighbourhood population

Age

Under 15: 16.2%15 to 64: 67.9%65 and over: 15.9%
  • Under 1516.2%
  • 15 to 6467.9%
  • 65 and over15.9%

Household size

  • 1 person20.1%
  • 231%
  • 320.1%
  • 418.7%
  • 5 or more10.2%

Language spoken at home

69.4% English mother tongue

  • English + other3.6%
  • Punjabi2.8%
  • Mandarin2.8%
  • Cantonese2.6%
  • Tagalog2.3%
  • Spanish1.9%
  • All others14.6%

Mother tongue, share of 3,890 residents.

How this pocket differs

  • more children under 15 than New Westminster 16.2% vs 12.6%
  • notably more 5+ person households than New Westminster 10.2% vs 5.3%
  • notably more 4-person households than New Westminster 18.7% vs 10%
  • notably fewer people living alone than New Westminster 20.1% vs 36.8%
  • Median household income is higher than Metro Vancouver $117,000 vs $90,000

Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.

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Monthly Cost Calculator

Estimated monthly cost $8,340
Mortgage payment$7,610
Property tax$565
Home insurance$165
Partner Rates Available Contact us for preferred mortgage rates

An estimate only. Canadian semi-annual compounding; excludes utilities, closing costs and BC property transfer tax. 5-year fixed, as of Sep 3

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