802 & 806 Eighth St, New Westminster BC - Land for Sale - MLS# R3018940

$2,750,000
Est. Mortgage $12,166/mo
0 sqft
14.1% price reduction
$2,750,000
$3,200,000
Est. $12,166/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
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Property Details for 802 & 806 Eighth Street

14.1% price reduction

Claire Group is excited to present investors with a unique redevelopment opportunity for this corner 3 lot parcel situated in a central location of New Westminster. Developers can continue the rezoning application, which has obtained third reading to construct 18 residential units which includes the retention and on-site relocation of the 1929 Sincock House on its own subdivided parcel, and the construction of three new townhouse buildings. The new buildings would include nine standard side-by-side townhouse units, and eight units in a stacked townhouse format. The bottom units would be one-level accessible dwellings and the top units would front onto Eighth Avenue, giving the appearance of side-by-side units. Buyers should consult with the city of New West.

Exterior Features

Structures Land Only

Building Details

Price $2,750,000
Property Type Land
Ownership Type Freehold NonStrata
Community Features Near Shopping
Utility Type Sanitary Sewer Available, Storm Sewer Available, Electricity Available, Natural Gas At Lot Line, Phone Nearby, Cable Available
Water (WaterSource) Public

Lot & Land

Lot Size 20317
Lot Size Depth Feet
Lot Size Frontage 157.5
MLS® # R3018940
Area New Westminster
Neighbourhood Uptown NW
City New Westminster
Postal Code V3M 3S8
Gross Taxes $16,320.64
Zoning NR-2

Property Timeline

Status Date Price
R3018940 / Active 06-23-2025 $2,750,000

Listed by: RE/MAX Real Estate Services

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.

Map & Neighbourhood

Public Schools

Elementary
Lord Kelvin Elementary School
Average
0.49 km
5.2/10
Middle
Fraser River Middle School
1.46 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
0.53 km
10/10
Secondary
Vancouver International College
0.63 km

Closest Transit

Bus Stop
Northbound 8th St @ 8th Ave
0.12 km
Skytrain
Skytrain @ New Westminster Stn
1.94 km

Crime Rate

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

Demographics

Post-Secondary Education
Average
27%
No Certificate/Degree
Average
14.9%
Owner Occupied
Below Average
48.1%
Employment Rate
Below Average
48%

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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 802 & 806 Eighth Street

Mortgage Calculator for 802 & 806 Eighth Street

/month
Principal & Interest
Property Taxes $1,360
Maintenance fee 0
Financing 80% of the $2,750,000 asking price over 30 years at 4% results in approximately $11,863/month in total estimated carrying costs, $1,360 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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $6,797/month in rental income, leaving a -$5,295/month cashflow at current carrying costs. Investors targeting break-even would need roughly 61% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Uptown NW, New westminster

Beds Home Types Square Feet Lot Size Year Built
This Home $2,750,000
New westminster Loading...
Uptown NW Loading...

No active comparable properties are currently available for this property type in New westminster. The price evaluation chart will update as similar listings enter the market. This property is flagged as a Hot Deal (14.1% 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 Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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