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47 Sixth St
New Westminster, BC V3L 2Z1

Land For Sale · 0.23 AC

Investment Highlights

  • Existing 12,750 SF commercial building with holding income
  • Allowable density up to 5.2x FSR
  • Located in New Westminster’s downtown core, surrounded by an abundance of amenities, including Safeway, River Market, and Scotiabank
  • Exceptional transit-oriented location between two SkyTrain Stations – Columbia Station (3-minute walk) and New Westminster Station (5-minute walk)

Executive Summary

A rare corner redevelopment site with the potential to build a unique transit-oriented multi-family development with existing holding income in a mixed-use urban environment within the core of New Westminster. Located at the intersection of Sixth Street and Carnarvon Street, the Property offers an existing density of 5.2x FSR upon redevelopment. A massing study has been performed, illustrating a multi-family redevelopment scheme of over 50,000 square feet. Situated in between two SkyTrain Stations within New Westminster’s downtown waterfront district, the Property benefits from its proximity to all of New Westminster’s best amenities and its accessibility throughout the Lower Mainland.

PROPERTY FACTS

Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.23 AC

1 Lot Available

Lot

Price $3,648,945 USD
Price Per AC $15,990,749 USD
Lot Size 0.23 AC

A rare corner redevelopment site with the potential to build a unique transit-oriented multi-family development. The Property offers an existing density of 5.2x FSR upon redevelopment.

Description

Located at the intersection of Sixth Street and Carnarvon Street, the Property offers an existing density of 5.2x FSR upon redevelopment. A massing study has been performed, illustrating a multi-family redevelopment scheme of over 50,000 square feet. Situated in between two SkyTrain Stations within New Westminster’s downtown waterfront district, the Property benefits from its proximity to all of New Westminster’s best amenities and its accessibility throughout the Lower Mainland.

zoning

Zoning Code C4 (Downtown Mixed Use District)
C4 (Downtown Mixed Use District)
  • Listing ID: 34189446

  • Date on Market: 12/13/2024

  • Last Updated:

  • Address: 47 Sixth St, New Westminster, BC V3L 2Z1

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