615 TWELFTH STREET

New Westminster · MLS® C8078007

3,444 sq ft · 4,698 sq ft lot

House · Multi-family · built 1946 · 174 days on market

Listed by Susan Zhao, Macdonald Realty

Realtor's description

Potential redevelopment opportunity! Busy corner location with excellent visibility. Great investment with holding income in this 3,444 sq ft building (retail commercial unit + 2 residential units). Zoning is C2-A, OCP is (ML) Mixed Use - Low Rise which allows up to 6 storeys. Please do not disturb tenants.

Property details

Type: House, Multi-family
Living area: 3,444 sq ft
Lot: 4,698 sq ft
Parking: 0
Year built: 1946
Property tax: $22,713 / yr
Days on market: 174
MLS®: C8078007

Price check

Above typical for the area (+11%)

Price per sq ft: $697 vs $625 median for houses in New Westminster for sale (171)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 174 days

The market here

Listed now: 62 days; median for 175 houses for sale; this one 174 days

Houses in New Westminster. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$12,345/mo

Mortgage $10,452 · Tax $1,893

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$10,452/ monthly

loan $1,919,200

25-year amortization

down payment20% · $479,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,216,464
property transfer tax: $49,970; BC general rate
cash to close: $529,770; down + PTT
total paid: $3,135,664

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 442 m² (4,758 sq ft) · PID 013-568-191. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

New WestminsterGoogle Maps ↗

Location

New WestminsterGoogle Maps ↗

Schools

Catchment schools, New Westminster School District 40

Elementary Lord Kelvin Elementaryhomes in this catchment
300 m away · 1010 Hamilton St, New Westminster · 604-517-6060
Middle Fraser River Middlehomes in this catchment
1.1 km away · 800 Queens Ave, New Westminster · 604-517-1800
Secondary New Westminster Secondaryhomes in this catchment
900 m away · 820 6th St, New Westminster · 604-517-6122

From the New Westminster School District 40's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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