916 EIGHTH STREET

New Westminster · MLS® R3117270

5,612 sq ft lot

Land · Vacant Land · 163 days on market

Listed by Sara Conley, RE/MAX All Points Realty

Realtor's description

Prime development opportunity in the heart of New Westminster. This 5,612 square ft corner lot with NR-2 zoning offers excellent potential for future redevelopment, including infill townhomes, rowhomes, or land assembly. Central location steps to Moody Park, schools, shopping, and transit makes this a highly desirable site for builders and investors. Property is currently leased with holding income, and environmental work has been initiated. Buyers to do their own due diligence.

Property details

Type: Land, Vacant Land
Lot: 5,612 sq ft
Parking: 0
Property tax: $15,509 / yr
Days on market: 163
MLS®: R3117270

Features

Central location

Property insights

On market 163 days

The market here

Listed now: 89 days; median for 18 homes for sale; this one 163 days

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

Monthly cost

$4,341/mo

Mortgage $3,049 · Tax $1,292

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

estimated payment

$3,049/ monthly

loan $559,840

25-year amortization

down payment20% · $139,96020%+ 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: $354,848
property transfer tax: $11,996; BC general rate
cash to close: $151,956; down + PTT
total paid: $914,688

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: 533 m² (5,737 sq ft) · PID 013-483-820. 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
600 m away · 1010 Hamilton St, New Westminster · 604-517-6060
Middle Fraser River Middlehomes in this catchment
1.6 km away · 800 Queens Ave, New Westminster · 604-517-1800
Secondary New Westminster Secondaryhomes in this catchment
100 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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