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616 Third Avenue
Uptown NW New Westminster V3M 1N5

$1,860,000
Land Commercial, Multi-Family Commercial

Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8076495
Avison Young is pleased to market for sale a compelling redevelopment opportunity in New Westminster. This property is part of an assembly comprised of 5 single-family homes totalling 29, 280 square feet. The current zoning is RS-1 with qualification for additional density and height under the transit-oriented development ("TOD") zoning, permitting up to 3.0 FSR. The specific addresses for the assembly are: 227 Seventh Street, 231 Seventh Street, 233 Seventh Street, 616 Third Avenue, and 620 Third Avenue, New Westminster.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
Frame Wood
# Bldgs:
1
Year built:
1928 (Age: 98)
Living Area:
1,537 sq. ft.
Lot Area:
7,405.2 sq. ft.
Zoning:
Potential to Redevelop:
TOD TIER 3, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Env Assmt Comment:
COMPLETED IN JANUARY 2026
Parcel Number:
013369067
No
No
Water Rights:
No
Roof:
Potential to Redevelop:
TOD TIER 3, No
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
Listed by Avison Young Commercial Real Estate Services, LP
Data was last updated February 25, 2026 at 12:35 PM (UTC)
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