Key Facts
- MLS® #: R2939867
- Property ID: SIRC2158959
- Property Type: Residential, Single Family Detached
- Living Space: 1,069 sq.ft.
- Lot Size: 4,356 sq.ft.
- Year Built: 1951
- Bedrooms: 2
- Bathrooms: 1
- Parking Spaces: 3
- Listed By:
- eXp Realty
Property Description
Developers alert! Opportunity to acquire 2 or more lots for redevelopment of a 6-storey condo development. The purpose of the Inclusionary Housing Policy is to help meet the City's affordable rental housing needs by securing built below-market and non-market rental units in new multi-unit strata residential and mixed-use residential developments seeking additional density. Buyer to verify with the City. This site is conveniently located near the 22nd Street Skytrain station. With the asking price and development at 2.5 FSR, the price per buildable sets this at a favourable number for redevelopment.
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Location
1911 Marine Way, New Westminster, British Columbia, V3M 2E4 Canada
Around this property
Information about the area within a 5-minute walk of this property.
- 23.78% 20 to 34 years
- 23.18% 50 to 64 years
- 18.83% 35 to 49 years
- 14.13% 65 to 79 years
- 6.47% 15 to 19 years
- 4.18% 10 to 14 years
- 3.81% 5 to 9 years
- 3.65% 0 to 4 years
- 1.97% 80 and over
- Households in the area are:
- 62.68% Single family
- 25.14% Single person
- 10.01% Multi person
- 2.17% Multi family
- $136,970 Average household income
- $51,242 Average individual income
- People in the area speak:
- 64.39% English
- 8.91% Tagalog (Pilipino, Filipino)
- 6.85% Punjabi (Panjabi)
- 5.85% English and non-official language(s)
- 5.14% Mandarin
- 3.63% Yue (Cantonese)
- 1.7% Spanish
- 1.42% Hindi
- 1.13% Serbian
- 0.98% Vietnamese
- Housing in the area comprises of:
- 42.47% Single detached
- 34.44% Duplex
- 16.35% Apartment 1-4 floors
- 4.26% Apartment 5 or more floors
- 1.44% Row houses
- 1.03% Semi detached
- Others commute by:
- 23.98% Public transit
- 5.61% Other
- 0.5% Foot
- 0.05% Bicycle
- 31.86% High school
- 23.97% Bachelor degree
- 15.27% Did not graduate high school
- 11.39% College certificate
- 7.84% Trade certificate
- 4.98% Post graduate degree
- 4.7% University certificate
- The average air quality index for the area is 1
- The area receives 579.44 mm of precipitation annually.
- The area experiences 7.39 extremely hot days (28.07°C) per year.
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- Principal and Interest $19,532 /mo
- Property Taxes n/a
- Strata / Condo Fees n/a