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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 | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Zoning | C4 - Downtown Mixed Use District | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.23 AC |
| Zoning | C4 - Downtown Mixed Use District |
1 Lot Available
Lot
| Price | $5,188,800 CAD | Lot Size | 0.23 AC |
| Price Per AC | $22,738,845.97 CAD |
| Price | $5,188,800 CAD |
| Price Per AC | $22,738,845.97 CAD |
| 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.
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