INVESTOR/BUILDER ALERT! A rare opportunity in a well-established New Westminster neighbourhood, this premium 66' x 110' (7,260 sq. ft.) lot offers exceptional potential for a custom rebuild in a mature, highly regarded community. The existing 2,324 sq. ft. bungalow with basement features 3 bedrooms and 2 bathrooms, with true value in the land, scale, and long-term redevelopment upside. Ideally located close to parks, shopping, transit, New Westminster Secondary, Fraser River Middle, and École Lord Tweedsmuir. A rare chance to secure a standout lot in a sought-after neighbourhood.
Property details
3
Beds
2 full
Baths
2,324 ft²
Floor area
7,260 ft²
Lot size
1954
Year built
2
Storeys
3
Parking
$7,275/yr
Gross tax
Location & structure
Single Family Residence
Type
Full
Basement
Yes
Garage
No
Carport
2
Fireplaces
New Westminster
Area
West End NW
Sub-area
Rancher/Bungalow w/Bsmt.
Style
Style
Rancher/Bungalow w/Bsmt.
Basement
Full
Structure
Residential Detached
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Forced Air
Parking
Garage Single, Front Access
Lot
Central Location, Recreation Nearby
Community
Shopping Nearby
Additional details
Main floor (ground)
1,170 ft²
Tax year
2025
Listed by eXp Realty. Data from BCRES. Last updated Jul 8, 2026, 8:49 AM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $330,000 down (20%) on $1,650,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 1,000 listings
Condo / Apartment
563
56.3%
Detached
222
22.2%
Townhouse
133
13.3%
Duplex
33
3.3%
Half-duplex
26
2.6%
Other
23
2.3%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
