New Westminster · V3M 2H2
$24,736/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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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.
Buy / sell history for 2005 Marine Way, New Westminster (Single Family Residence)
Market
Balanced
Buyer’s market
Balanced
Seller’s market
New Westminster Single Family: 11.3% sales-to-active ratio (buyer's market).
3
Beds
2,577 ft²
Floor area
1910
Year built
Single Family Residence
Type
New Westminster
Area
Listed
December 16, 2025
Estimate
2005 Marine Way, New Westminster (Single Family Residence)
Estimated value
?Estimated rent
?Rental yield
?School
iGrowth
iRental
i$5,000,000 is 247.3% above the New Westminster Single Family HPI benchmark of $1,439,500 (2026-04-01).
A few details are member-only
Room-by-room dimensions, the level-by-level area split, construction & systems, zoning, PID and legal. Free to reveal with an account.
Space & layout
Finished area
2,577ft²
Level-by-level split
MemberRoom by room
Main floor
Living Room
Kitchen
Dining Room
Primary Bedroom
Basement
Bedroom
Recreation Room
Construction & systems
Construction
Foundation
Roof
Flooring
Water
Sewer
Utilities
Lot, zoning & legal
Zoning
Legal description
Nearby & Commute
13 min
walk to Foody World
1 min
bike to 22nd Street
3 min
walk to 22nd Street
37 min
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Condo / Apartment · 56%
| Condo / Apartment | 425 | 55.8% |
| Detached | 152 | 19.9% |
| Townhouse | 124 | 16.3% |
| Land | 24 | 3.1% |
| Duplex | 20 | 2.6% |
| Other | 17 | 2.2% |
| $20,000 to $24,999 | 5 | 2.5% |
| $25,000 to $29,999 | 5 | 2.5% |
| $30,000 to $34,999 | 10 | 5.0% |
| $40,000 to $44,999 | 5 | 2.5% |
| $45,000 to $49,999 | 15 | 7.5% |
| $50,000 to $59,999 | 20 | 10.0% |
| $60,000 to $69,999 | 10 | 5.0% |
| $70,000 to $79,999 | 15 | 7.5% |
| $80,000 to $89,999 | 10 | 5.0% |
| $90,000 to $99,999 | 10 | 5.0% |
| $100,000 to $124,999 | 25 | 12.5% |
| $125,000 to $149,999 | 20 | 10.0% |
| $150,000 to $199,999 | 30 | 15.0% |
| $200,000 and over | 20 | 10.0% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$24,736
Principal and interest
Calculated estimate
$23,128
Property tax
Calculated estimate
$1,458/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$5,000,000
Down payment
Calculated estimate
$1,000,000 (20%)
Estimated mortgage
Calculated estimate
$4,000,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Original list price
$5,250,000
Mortgage estimate
Metro averages
Est. monthly total
$24,736
/mo
Rate
%
Amortization
Principal and interest
$23,128
Property tax (est.)
$1,458
P&I
Tax
Down payment
$1,000,000 (20%)
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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 $1,000,000 down (20%) on $5,000,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. 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.
Daily mean across the year.
On the drier side for BC.
Snow is the exception here.
Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
At 4.3640 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
