823 QUEENS AVENUE

New Westminster · MLS® R3146789

3 bed · 2 bath · 2,291 sq ft · 3,300 sq ft lot · 2 parking

House · Single Family · built 1950 · 86 days on market

Listed by Iolanda Esposito, RE/MAX Select Realty

Realtor's description

Prime holding and redevelopment opportunity in New Westminster. Currently improved with a single-family home, this property is designated M_RLM (Residential - Limited Mid-Rise) in the Official Community Plan and is located within the Transit-Oriented Area (Tier 3). OCP supports consideration of mid-rise residential development of up to 8 storeys, subject to City approvals and rezoning. An excellent opportunity for developers to acquire this property as a standalone investment or explore the potential for a land assembly with neighbouring properties. Centrally located close to transit, parks, schools, shopping and amenities. Buyer to verify all development potential with the City of New Westminster.

Property details

Type: House, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 2,291 sq ft
Lot: 3,300 sq ft
Parking: 2
Year built: 1950
Property tax: $5,442 / yr
Days on market: 86
MLS®: R3146789

Features

Price check

2026 assessment: $1,218,000 · asking is +105%
Price per sq ft: $1,091 vs $626 median for houses in New Westminster for sale (176)

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 86 days · no price changes so far

The market here

Listed now: 60 days; median for 180 houses for sale; this one 86 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,218,000	$5,838

The listing shows $5,442 a year in property tax.

Estimate: the BC Assessment value times New Westminster's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$11,346/mo

Mortgage $10,892 · Tax $453

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

estimated payment

$10,892/ monthly

loan $2,000,000

25-year amortization

down payment20% · $500,00020%+ 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: $1,267,678
property transfer tax: $53,000; BC general rate
cash to close: $553,000; down + PTT
total paid: $3,267,678

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: 311 m² (3,348 sq ft) · PID 007-855-796. 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
1.1 km away · 1010 Hamilton St, New Westminster · 604-517-6060
Middle Fraser River Middlehomes in this catchment
100 m away · 800 Queens Ave, New Westminster · 604-517-1800
Secondary New Westminster Secondaryhomes in this catchment
1.6 km 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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