619 Fourth Avenue & 409 Seventh Street New...
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NAI Commercial 1075 W Georgia St, Suite 1300 Vancouver, BC V6E 3C9 +1 604 683 7535 naicommercial.ca SEVENTH ST FOURTH AVE SUBJECT PROPERTY Conor Finucane Commercial Sales & Leasing 604 691 6604 cfi[email protected] Jesse Godin Commercial Sales & Leasing 604 691 6636 [email protected] Highlights Opportunity to purchase two lots totalling 13,000 sf with the potential to acquire adjacent lots. The subject property is zoned C-3 Community Commercial (High-Rise) located in the vibrant uptown district close to Moody and Queens Park. 619 Fourth Avenue & 409 Seventh Street New Westminster, BC LAND FOR SALE Prime Development Opportunity Zoned C-3 (High-Rise) SOURCE: Google
Transcript of 619 Fourth Avenue & 409 Seventh Street New...
NAI Commercial 1075 W Georgia St, Suite 1300
Vancouver, BC V6E 3C9 +1 604 683 7535 naicommercial.ca
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SUBJECT PROPERTY
Conor FinucaneCommercial Sales & Leasing 604 691 6604 [email protected]
Jesse GodinCommercial Sales & Leasing 604 691 6636 [email protected]
HighlightsOpportunity to purchase two lots totalling 13,000 sf with the potential
to acquire adjacent lots. The subject property is zoned C-3 Community
Commercial (High-Rise) located in the vibrant uptown district close to Moody
and Queens Park.
619 Fourth Avenue & 409 Seventh StreetNew Westminster, BC
LAND FOR SALEPrime Development Opportunity
Zoned C-3 (High-Rise)
SOURCE: Google
Proposed 6-Storey, 42-Unit Apartment Building
Potential Additions
Subject Property
Opportunity619 Fourth Avenue is a 7,000-sf corner lot, improved with a 4,548-sf, three-storey house. 409 Seventh Street is a 6,000-sf lot, improved with a two-storey house. These properties are located at the southwest corner of Seventh Street and Fourth Avenue in the popular uptown area of New Westminster. It is conveniently located two blocks from Royal City Centre and Moody Park. Bosa Properties recently completed a 25-storey tower on Belmont Street between Sixth and Seventh Ave, which sold out quickly.
Maximum Allowable Density5.2 FSR (Floor Space Ratio) on a 13,000-sf site can build up to a maximum 67,600 square feet.
New Official Community PlanThe city is reviewing this particular block named Bent Court. Their intention is to provide a mixed use and mixed density area which preserves existing heritage assets and streetscape character while recognizing existing development entitlements. Developments may be eligible for incentives such as reducing parking requirements, reduction or waiving of required commercial space and consideration of purchase of city-owned land and rights of way to facilitate consolidation. They are also exploring a density transfer program for this area to aid in conserving heritage assets.
Property Highlights
Legal DescriptionPL NWP2296 LT 2 LD 36
PIDs619 Fourth Avenue: 012-626-066, 012-626-015
409 Seventh Street: 012-625-990, 012-625-892
Land Size
619 Fourth Ave (100’ x 70) 7,000 sf
409 Seventh St (50’ x 120’) 6,000 sf
Total 13,000 sf
ZoningC-3, Community Commercial Districts (High-Rise) will allow ground floor commercial with high-rise residential tower above. The city is looking at amending current zoning.
Property Taxes (2016)
619 Fourth Avenue $5,840.56
409 Seventh Street $4,614.32
Total $10,454.88
PricePlease contact listing agents
619 Fourth Avenue & 409 Seventh StreetNew Westminster, BC
SOURCE: New Westminster GIS
Nearby Developments# Address Development Status
1 527 McDonald Street Under Construction
2 716 Columbia Street Under Construction
3 250 Columbia Street Under Construction
4 188 Agnes Street Under Construction
5 527 Carnarvon Street Under Construction
6 210 Salter Street - Port Royal Lot 5 Under Construction
7 809 Fourth Avenue Under Construction
8 410 Columbia Street Under Construction
9 200 Nelson’s Crescent Under Construction
10 188 Wood Street Under Construction
11 318 & 328 Agnes Street Under Construction
12 1308 Fifth Avenue Under Construction
13 843 Ewen Avenue Under Construction
14 418 Thirteenth Street Under Construction
15 240 Jardine Street & 1110 Ewen Avenue Under Construction
16 404 Ash Street Under Construction
17 255 Wood Street Under Construction
18 205 Clinton Place Under Construction
19 335 Buchanan Avenue Under Construction
20 313 Queens Avenue Under Construction
21 320 Salter Street Under Construction
22 988 Quayside Drive Under Construction
23 1014, 1016, 1018, 1020 & 1022 Fourth Avenue Under Construction
24 900 Carnarvon Street Under Construction
25 228 Nelson's Crescent Under Construction
26 328 Holmes Street Under Construction
27 498 St. George Street Under Construction
28 1209 Fourth Avenue Under Construction
Viceroy Residential Tower by BosaV
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SUBJECT PROPERTY
Viceroy Residential Tower by Bosa
NAI Commercial 1075 W Georgia St, Suite 1300
Vancouver, BC V6E 3C9 +1 604 683 7535 naicommercial.ca
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.
SOURCE: Google
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Conor FinucaneCommercial Sales & Leasing 604 691 6604 [email protected]
Jesse GodinCommercial Sales & Leasing 604 691 6636 [email protected]
SUBJECT PROPERTY
