418 Twelfth St, New Westminster Metro Vancouver

Contact us for pricing
MLS No: Exclusive
Property type: Development Land

Specifications

  • Land Size: 23,100 Sq Ft
  • Land Area (Acres): 0.53
  • OCP Designation: Medium Density Residential
  • Development Permit Area: 1.4 Multiple Unit Residential
  • Max Height: 6 Storeys
  • FSR (Estimate): 2.00
  • Buildable Sq Ft (Estimate): 46,200

Description

New Westminster development site for sale at the corner of Twelfth St and Cameron St.

OCP designation of Medium Density Residential and Development Permit Area of 1.4.  City of New Westminster will allow re-zoning for construction of 6-storey condo building.

Existing improvements include two rental homes and a licensed motel building.  All units are rented month-to-month.  Net operating income of $150,000 per year from existing rentals.

Location is nearby all amenities – groceries, convenience, coffee shops and schools.  Brand new John Knox private school is under construction just 2 blocks away.  Neighbourhood is in rapid transition with five other projects in planning or recently completed.

Offer will be received Friday, October 19, 2018.  Contact Seth Baker to register your interest.

 

Site Characteristics

  • 140 ft of Frontage on Twelfth St
  • 165 ft of Frontage on Cameron St
  • 165 ft of Lane Access
  • All City & Utility Services at Lot Line
  • Mild Slope East to West
  • Top 2-3 Storeys Get Stunning Views Over Fraser River

 

Property Identification

PID(s)

Civic Address

Legal Description

013-466-518, 013-466-534, 013-466-551, 013-466-577

418 TWELFTH ST New Westminster V3M 4H8

Lot 19, 20, 21 & 22 Sub Block7 Plan NWP2620 Land District 36 OF LOT 18

013-466-496

1207 CAMERON ST New Westminster V3M 1W5

Lot 18 Sub Block7 Plan NWP2620 Land District 36 OF LOT 18

013-466-488

1209 CAMERON ST New Westminster V3M 1W5

Lot 17 Sub Block7 Plan NWP2620 Land District 36 OF LOT 18

Nearby Development Projects

Project Name

Address

Size

Status

Sales

1125 Fifth Ave

1125 Fifth Ave

34 Units

3rd Reading

Release Pending

Westbourne Residences

1306 Fifth Ave

55 Units

Under Construction

SOLD OUT

Capitol

1012 Aukland St

88 Units

Under Construction

SOLD OUT

Lotus on 8th

809 Fourth Ave

68 Units

Completed

SOLD OUT]

Ausan Mews

1209 Fourth Ave

8 Units

Completed

SOLD OUT

 
 

OFFERS MUST BE RECEIVED BY FRIDAY, OCTOBER 19, 2018 AT 12PM.

Contact the Agent

Seth Baker

Managing Broker & Owner
Phone
(778) 235-9293
Fax
(778) 650-0350
Address
119 W Pender St, Suite 104
Vancouver, BC, V6B 1S5
Combine bold entrepreneurship, unique data analysis and elite salesmanship, and you have Seth Baker. As Owner of Multifamily Real Estate Services, Seth takes on challenging responsibilities, such as founding his own real estate brokerage company and selling some of the world’s most valuable apartment buildings. He is a master communicator and skillful analyst. His impressive technology background allows him to maintain priceless market data while building powerful relationships with multifamily investors and developers. Ask him about how to get people to agree. It’s his secret talent. Seth Baker has led an impressive career in real estate brokerage. He is personally responsible for more than $75,000,000 in real estate sales, a number that’s growing daily.  He has contributed to a number of industry organizations including LandlordBC, Vancouver Board of Trade, BC Non-Profit Housing Association, Greater Vancouver Home Builders Association and Urban Development Institute. He received his Managing Broker’s Licence through UBC’s…