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45 Fourth St Downtown New Westminster (New Westminster, British Columbia, CA - V3L 5H7) Land Only

$0
No formal asking price. Open to Bids!

Macdonald Realty Westmar

Christine Jang PREC Christine Jang PREC 604-279-9822 (Office) 604-961-9903 (Cell) 604-279-3878 (Fax) Request More Info

  • Prime Redevelopment Site in Downtown New Westminster
  • Type: Multifamily
  • Style: Apartment
  • Development Level: Land Only
  • Lot Type: Corner
  • Lot Size: 21747 sq. ft. 165ft x 132ft "Property has four street fronts!"
  • Year Built: 1980

Description

Excellent high rise redevelopment opportunity! Strata dissolution of Dorchester House. This 38 years old, 40 units, freehold strata building is the perfect redevelopment property for a developer. The building sits on a rectangular shaped lot approximately 165' x 132' for a total of approximately 21,747 square feet of land area. The entire building takes up the whole block and has the advantage of having four street fronts. The land is currently zoned RM-6A (Multiple Unit Residential District) and is designated in the Downtown New Westminster Land Use Map as "Residential - Tower Apartment" with a maximum density bonus of 4.0 FSR and maximum bonus height of 240 feet. Most importantly, it is also located within one of the SkyTrain Precincts which are intended to accommodate high density mixed-use development with a maximum bonus density of 5.2 FSR and a maximum bonus height of 240 feet. The location of this property is phenomenal. It is located in the heart of historic Downtown New Westminster, across the street from the Colombia SkyTrain Station and steps from schools, shops, restaurants, parks and the beautiful waterfront. This location is a walker's paradise with a Walk Score of 93 and a Transit Score of 81. Downtown Vancouver is only 31 minutes away via the SkyTrain. There is no SkyTrain noise as this section of the Expo Line is underground. Future residents will have many more amenities to enjoy as Downtown New Westminster is undergoing an exciting waterfront revitalization. This property is a wise investment for a developer as New Westminster has one of the region's strongest housing markets with a lot of potential for continued growth. Redevelop this site and prosper! Submit your best bid! As this is a strata wind-up, the Strata Corporation reserves the right to reject any and or all offers received. There are no guarantees, representations or warranties, expressed or implied, regarding the information provided, including but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information.

Attachments

Highlights

  • Prime location, in the heart of Downtown New Westminster near many amenities such parks, restaurants and shops. Easy access to Douglas College.
  • Columbia SkyTrain Station is across the street. Easy and fast commute via the SkyTrain to downtown Vancouver (31 minutes), Metrotown (21 minutes) and Surrey Central City (13 minutes).
  • Property takes up one small city block. Nice exposure since it has four street fronts. Lot is rectangular in shape, approximately 165' x 132'. Total size of the lot is approximately 21,747 sq ft.
  • Excellent potential for mixed use high density development as it is within one of the SkyTrain Precincts which allows for maximum bonus density of 5.2 FSR and maximum bonus height of 240 feet.
  • Downtown New Westminster is enjoying a major waterfront revitalization. Many new residents will be attracted to this new vibrant neighbourhood with its many surrounding amenities.
  • The property is located just steps to the Westminster Pier Park along the Fraser River. Sitting high on a hill, many units in the future development have the potential to enjoy amazing water views!
  • This is a strata wind-up. Dorchester House consists of 40 strata titled units. The building has one elevator, a shared laundry room and a secured parkade. 23 are 1-bdrm units, 17 are 2-bdrm units.
  • The property has no formal asking price and is subject to a bidding process. Interested purchasers are invited to submit a sealed Offer to Purchase on a standard form provided by the Listing Realtor.

Features

View

  • City Lights
  • Downtown
  • Mountain View
  • Panoramic
  • Park
  • River View
  • Water View

Extra Features

  • Central Elevator
  • Covered Parking
  • Public Transportation
  • Wheelchair Access
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Information is deemed to be correct but not guaranteed.

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