22.1% price reduction

1135 Salter St, New Westminster, BC

$11,300,000
Est. Mortgage /mo

MLS# R3002624

0 sqft
$11,300,000
$14,500,000
Est. /mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Property Details & Specs

22.1% price reduction

Colliers presents the opportunity to acquire a 2.31 acre development property approved at 3rd reading for a 45-unit townhouse development site with plans for 49,692 buildable SF. The property is located at the Queensborough district of New Westminster and is within steps of Queensborough Elementary and Middle Schools, Queensborough Community Centre, parks, entertainment and retail amenities.

General Info

Price $11,300,000
Total Bedrooms -
Total Bathrooms -
Half Bathrooms -
Floor Area Total (sqft) -
Lot Size 2.31
Lot Size Depth Feet
Lot Size Frontage 0
Basement -

Property Metrics

Year Built -
Age Of Building -
Building Type -
Property Type Land
Stories -
Structures Land Only

Additional Details

MLS® # R3002624
Building Name -
Area New Westminster
Neighbourhood Queensborough
City New Westminster
Postal Code V3M 6A4
Price per Sqft -
Gross Taxes $42,962.84
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Near Shopping
Fixtures Included -

Heating & Cooling

Fireplace -

Utilities

Utility Type Sanitary Sewer Unknown, Storm Sewer Not Available, Electricity Not Available, Natural Gas Not Available, Phone Not Available, Cable Not Available
Water (WaterSource) Other

Parking

Total Parking Spaces -
Strata Restrictions -
Rental Restrictions -
Zoning RT-3
Rental Suites -
# of Kitchens -
Locker -
View -
View Description -
Units In Development -

Property Timeline

Status Date Price
R3002624 / Active 05-14-2025 $11,300,000
Listed by: Colliers

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood & Transit Info

Public Schools

Elementary
Queen Elizabeth Elementary School
Average
0.45 km
6.1/10
Middle
Queensborough Middle School
0.84 km
Secondary
New Westminster Secondary School
3.95 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Fawkes Academy
3.52 km
Secondary
Purpose Independent Secondary School
3.48 km

Closest Transit

Bus Stop
Westbound Ewen Ave @ Jardine St
0.23 km
Skytrain
Skytrain @ 22Nd St Stn
1.90 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Average
Property Crime Rate
Average

Demographics

Post-Secondary Education
Average
28%
No Certificate/Degree
Average
14.6%
Owner Occupied
Above Average
82.9%
Employment Rate
Above Average
66.9%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $3,580
Maintenance fee 0
A 20% down payment of $2,260,000 on this $11,300,000 listing yields an estimated mortgage of $43,158/month (30-year fixed, 4%). Total estimated housing cost: $46,738/month, $3,580 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
With $23,278/month in estimated rental income against $47,302/month in mortgage payments, the monthly cashflow is -$24,024/month. A 65% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $11,300,000
New Westminster Loading...
Queensborough Loading...
This $11,300,000 listing sits 621.6% above the Queensborough average of $1,565,967 for similar 0-bedroom Lands (5 active comparables). This property is flagged as a Hot Deal (22.1% price reduction) based on its competitive pricing and market demand.
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Property FAQs

What are the closest top-rated schools to 1135 Salter Street, New Westminster, BC?
The closest top-rated schools are Queen Elizabeth Elementary School and Queensborough Middle School.
Is 1135 Salter Street, New Westminster, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 1135 Salter Street, New Westminster, BC?
With a standard down payment, the estimated monthly mortgage is approximately $67,800.
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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