2005 Marine Way, New Westminster, BC

$5,000,000 Est. Mortgage /mo

MLS® R3074144

3 Beds
1 Baths
2577 sqft
1940 $ /sqft
1910 built
$5,000,000
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

Developer & Investor Alert, Land Assembly! Exceptional Transit-Oriented Development opportunity in New Westminster, steps from 22nd Street SkyTrain Station. Under Bill 47 (Transit-Oriented Areas), these properties are designated for high-density development with a minimum 20-storey tower and minimum 5.0 FSR.This offering includes 2 adjoining lots (2005 and 2013 Marine Drive) totalling 21,682 sq. ft. of land. Considered the best corner site in the area at 20th Street and Marine Way. A rare chance to secure a premier development location in a rapidly growing corridor. Permission required to walk the property. Buyer to verify all zoning, OCP, and development details with the City of New Westminster.

General Info

Price $5,000,000
Total Bedrooms 3
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 2577
Lot Size 16382
Lot Size Depth Feet
Lot Size Frontage 71
Basement Unfinished
Basement Features -

Property Metrics

Year Built 1910
Age Of Building 115
Building Type Single Family Residence
Property Type Residential
Stories 2
Building Features -
Structures Residential Detached

Additional Details

MLS® # R3074144
Building Name -
Area New Westminster
Neighbourhood Connaught Heights
City New Westminster
Postal Code V3M 2H2
Price per Sqft $1,940
Gross Taxes $6,804.16
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Natural Gas

Utilities

Utility Type Electricity Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Single, Open, Front Access
Total Parking Spaces -
Strata Restrictions -
Rental Restrictions -
Zoning NR-1
Rental Suites -
# of Kitchens 2
Foundation Other
Locker -
View -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt

Property Timeline

Status Date Price
R3074144 / Active 12-15-2025 $5,000,000
Rooms
Floor Type Dimensions
Main Level Foyer 9'7 x 9'7 ft
Main Level Family Room 13'11 x 13'11 ft
Main Level Kitchen 13'10 x 13'10 ft
Main Level Bedroom 12'8 x 12'8 ft
Main Level Eating Area 12'9 x 12'9 ft
Main Level Kitchen 17'10 x 17'10 ft
Main Level Dining Room 15'4 x 15'4 ft
Main Level Living Room 12'9 x 12'9 ft
Above Level Bedroom 11'7 x 11'7 ft
Above Level Walk-In Closet 7'6 x 7'6 ft
Above Level Bedroom 15'7 x 15'7 ft
Below Steam Room 13'9 x 13'9 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4
Listed by: eXp Realty

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
Connaught Heights Elementary School
Above Average
0.75 km
7.1/10
Middle
Fraser River Middle School
2.15 km

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

Private Schools

Elementary
Our Lady of Mercy School
Above Average
1.76 km
10/10
Secondary
St.Thomas More Collegiate
1.75 km

Closest Transit

Bus Stop
Westbound Marine Way @ 20 St
0.05 km
Skytrain
Skytrain @ 22Nd St Stn
0.22 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
21.1%
No Certificate/Degree
Above Average
17.6%
Owner Occupied
Average
63.2%
Employment Rate
Above Average
69.6%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Possible
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 $567
Maintenance fee 0
Financing 80% of the $5,000,000 asking price over 30 years at 4% results in approximately $19,664/month in total estimated carrying costs, $567 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%
This listing generates an estimated $13,045/month in rental income, leaving a -$6,952/month cashflow at current carrying costs. Investors targeting break-even would need roughly 50% down.
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 $5,000,000
New Westminster Loading...
Connaught Heights Loading...
This listing has no active comparable properties in New Westminster at present. The price evaluation chart will update as similar listings become available.
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 2005 Marine Way, New Westminster, BC?
The closest top-rated schools are Connaught Heights Elementary School and Fraser River Middle School.
Is 2005 Marine Way, New Westminster, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 2005 Marine Way, New Westminster, BC?
With a standard down payment, the estimated monthly mortgage is approximately $30,000.
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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