2005 Marine Way, New Westminster, BC, MLS® R2859099

$8,000,000
Est. Mortgage /mo

$8,000,000
$5,500,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
3 Beds
1 Baths
2 Stories
lot 16382 sqft
2577 sqft
1910 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

2005 Marine Way, New Westminster, BC | MLS® R2859099 Property Details

Developer & Investor Alerts - Land Assembly – An incredible opportunity awaits you in New Westminster! Transit-Oriented investment opportunity in a prime location adjacent to 22nd street skytrain Station. Recently announced, Bill 47 (Transit-Oriented Areas) will designate the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5 FSR. This prime location presents a collection of 32 houses and can be sold on small group of homes. List price is per house. Situated just steps away from the Skytrain station, this property offers unparalleled convenience for future residents. Permission required to walk on property. Buyer to verify the OCP and City of New Westminster for zoning and all inquiries.

General Info

Price $8,000,000
Total Bedrooms 3
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 2577
Lot Size 16382
Lot Size Depth Feet
Lot Size Frontage 71
Basement Unfinished
Basement Features BasementFeatures

Property Metrics

Year Built 1910
Age Of Building 115
Building Type Single Family Residence
Property Type Residential
Stories 2
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R2859099
Area New Westminster
Neighbourhood Connaught Heights
City New Westminster
Gross Taxes $6,804.16
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Natural Gas

Utilities

Utility Type Electricity Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Single, Open, Front Access
Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning NR-1
Rental Suites -
# of Kitchens 2
Foundation Other
Locker -
View -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: eXp Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary
Connaught Heights Elementary School
Above Average
0.75 km
7.1/10
Middle
Fraser River Middle School
2.15 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Our Lady of Mercy School
1.76 km
Secondary
St.Thomas More Collegiate
1.75 km

Closest Transit

Bus Stop
Westbound Marine Way @ 20 St
0.05 km
Skytrain
Skytrain @ 22Nd St Stn
0.22 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Possible
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to 2005 Marine Way, a stunning property located in the heart of New Westminster, BC. As your trusted realtor, I'm excited to share with you the unique features and benefits of this wonderful home.

Let's start with the schools. 2005 Marine Way is serviced by Connaught Heights Elementary School, which is just a 0.75 km walk away. With a rating of 7.1/10, this school is a great choice for families. Just down the road, you'll also find Our Lady of Mercy School, an independent elementary school with a perfect 10/10 rating, located 1.76 km from this home. And for secondary education, St. Thomas More Collegiate is just 1.75 km away.

Now, let's talk about safety. According to Statistics Canada's 2020 report, this neighbourhood has an average crime rate, with 5,584 incidents per 100,000 population. To put that into perspective, this is similar to other Canadian cities. Additionally, the year-over-year change in the total crime rate is a significant -10.42%.

In terms of specific crime rates, the neighbourhood surrounding 2005 Marine Way has a below-average drug crime rate, with an illegal substances offences rating of 134.4 and 111 incidents in 2020. The year-over-year change in this rating is -5.34%. Property crimes in the area are average, with a property misconduct rating of 3,807.97 and 3,145 incidents in 2020. The year-over-year change in this rating is -11.79%.

Violent crime rates in the area are also average, with 1,143 incidents in 2020 and a rate of 1,383.94 per 100,000 population. The year-over-year change in this rating is -5.91%.

Now, let's talk about lifestyle and amenities. The closest bus station is just 0.05 km away, making it easy to get around the city. And with a transit score of [insert score], you'll have access to a wide range of public transportation options.

In terms of demographics, this neighbourhood has an average percentage of university certificate/degree holders, with 21.1% of the population holding a degree. This is average compared to other BC neighbourhoods. Additionally, 17.6% of the population in this area have no certificate or degree, which is also average compared to the BC average.

The median household income in this area is $81,152, which is above average compared to the BC average. The median personal income is $31,424, which is below average compared to the BC average. However, 63.2% of households in this area have a mortgage, which is above average.

Unemployment rates in this area are also below average, with a rate of 7%. This is a great indicator of the local economy's health.

This property is located in the Connaught Heights area of New Westminster, where the population change between 2011 and 2016 was -3.6%. This is low compared to average growth rates in the region.

In terms of population density, this area has a density of 2,418.2 people per square kilometre, which is above average. The average size of families in this area is 3, which is also above average. And with 69.6% of families having children, this is a great area for families.

The average age of the population in this area is 40.5, which is average compared to other BC cities. And with an average value of dwellings of $1,104,717, this is a high-end neighbourhood.

In terms of owner payments, the average owner spent $1,819 per month on their dwelling. And with an average tenant paying $1,110 per month, this is an above-average rent compared to other cities.

Finally, 36.1% of the population in this area are renters, which is above average compared to other BC cities. And with 5.7% of the population speaking neither English nor French, this is a diverse and multicultural area.

As your trusted realtor, I'm excited to show you around this property and answer any questions you may have. Don't hesitate to contact me to schedule a viewing.

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $8,000,000
New westminster No comparables
Connaught Heights No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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