Unique Development Property

$31,580,000

Description

Seventh Street Assembly, New Westminster

The subject site is comprised of 11 generously sized lots along Seventh Street and Fourth Avenue in the popular and high-growth Uptown area of New Westminster. It is conveniently located within a very short walking distance of Royal City Centre, Westminster Centre, the famous Moody Park, and numerous amenities along the bustling Sixth Street Corridor. This is the heart of New Westminster.

Zoning

C-3, Community Commercial Districts (High-Rise) will allow ground floor commercial with high-rise residential tower above. The city is looking at amending current zoning.

Maximum Allowable Density

5.2 FSR (Floor-Space Ratio) on a 57,760-SF site can potentially build up to a maximum of 300,352 SF.

NOTE: The intent of the C-3 zoning district and related FSR is to allow for large site high-rise, commercial, and mixed use development including pedestrian oriented commercial businesses and multi-family residential. Any purchaser should satisfy themselves as to the overall potential of the site.

Please see site details on brochure.

Property Documents

Address

  • City: New Westminster
  • State/county: BC
  • Country: Canada

Detail

  • Price: $31,580,000
  • Land Area: 57760 SF