House in Sapperton, New Westminster

Prime investment and development opportunity in the sought after Sapperton neighborhood, just steps from SkyTrain & major transit. Rare over 7,500 sqft level lot w/ lane access & sweeping views of the Fraser River & Mt Baker. Currently tenanted, offering immediate rental income & an ideal holding property. Buyers have the potential to rezone or subdivide, subject to city approval & due diligence. Under existing RS1 zoning, options include a new 3 storey home w/ legal suites & a laneway house, or a duplex w/ legal suites for strong income potential. The existing home features four bedrooms upstairs, original hardwood on the main, and a newer hot water tank. Walkable to Royal Columbian Hospital, shopping, schools, and amenities. A rare large lot with income today and long term upside.

Listed by Behroyan & Associates Real Estate Services.