1416 EIGHTH AVENUE
New Westminster, BC V3M2S4
$1,799,900
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 9,801 square feet
- Frontage
- 66 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,903.2 (2025)
Interior
- Basement
- Finished, Unknown, Unknown
- Heating
- Forced air, Electric
- Fireplace
- None
Parking
- Total spaces
- 2
Listing Information
- MLS®
- R3156048
- Listed
- August 14, 2026
- Time on market
- On the market for 17 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.
Description
Incredible opportunity for a 66' x 148' lot in the West End, one of New Westminster´s most desirable neighbourhoods. The City has recently rezoned this lot for multiplex, allowing up to four units, making it ideal for builders, investors or multi-generational families. This is the largest lot currently on the market in the West End and one of the largest on the market in the entire city. The wide frontage and impressive depth offer valuable flexibility for multiplex design, layout and spacing. The current home is approx. 3,000 sq.ft. and tenanted up/down, providing holding income while plans are explored. Great central location within walking distance to SkyTrain, parks and bus stops, with quick access to amenities and major routes. (id:63159)
Values & Trends
This listing
$575/sqft
Building average
—
No other active listings in this building
New Westminster average
$733/sqft
146 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Detached (House) Market Stats — New Westminster
Monthly figures from the Fraser Valley Real Estate Board for New Westminster detached (house)listings — not specific to this property.
MLS® HPI Benchmark Price
$1,384,300
Jul 2026
Average Sale Price
$1,457,269
Jul 2026
Monthly Sales
13
Jul 2026
Active Listings
161
Jul 2026
Sales-to-Active Ratio
8.0%
Jul 2026
Median Days to Contract
18 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
Nearest station: Vancouver
17°C
Clear
Humidity 100%
Wind WNW 13 km/h
Tonight
14°
Tuesday
20°
Tuesday night
15°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
78,916
(2021 Census)
+11.2% since 2016
Density: 5,052.2/km²
Dwellings: 37,737
Median household income: $82,000
After-tax: $72,500
Immigrant population: 37.5%
Top countries of origin (% of total population)
- Philippines6.4% · 5,050
- India4% · 3,135
- China3.6% · 2,880
- United Kingdom1.6% · 1,285
- Hong Kong1.6% · 1,250
- Korea, South1.4% · 1,085
- United States of America1% · 785
- Taiwan0.9% · 725
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
41
6/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Lord Tweedsmuir Elementary | Elementary | 419 m |
| Lord Kelvin Elementary | Elementary | 675 m |
| Our Lady of Mercy(Independent) | Elementary | 714 m |
| St. Thomas More Collegiate(Independent) | Secondary | 773 m |
| Byrne Creek Community Secondary | Secondary | 943 m |
| Twelfth Avenue Elementary | Elementary | 1.0 km |
| John Knox Christian - Secondary Campus(Independent) | K-12 | 1.1 km |
| Sigma | Secondary | 1.1 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Westbound 8th Ave @ 14 St | — | 80 m |
| Eastbound 8th Ave @ 14 St | — | 136 m |
| Eastbound 8th Ave @ 16 St | — | 189 m |
| Westbound 8th Ave @ 16 St | — | 248 m |
| Westbound 6th Ave @ 14 St | — | 388 m |
Nearby Places
Restaurants (5+)
- D Roti Shak · 808 Twelfth Street390 m
- Pho 99413 m
- Vadapav Mirchi420 m
- Amelia Restaurant434 m
- Ole Ole Mexican Deli · 831 Twelfth Street441 m
Cafes (4)
- Sago To Go · 813 Twelfth Street418 m
- Happy Mom's Cafe · 821 Twelfth Street424 m
- Kamini's Corner Cafe · 909 Twelfth Street502 m
- You N Me' Cafe · 921 Twelfth Street552 m
Grocery (2)
- Gospa's Delightful Food · 718 Twelfth Street391 m
- Langley Farm Market · 7815 Kingsway712 m
Parks (1)
- Riverside Adventure Park509 m
Pharmacies (1)
- PharmaChoice · 866 Twelfth Street444 m
Banks & ATMs (1)
- Community Savings Credit Union423 m
Nearby places data: © OpenStreetMap contributors.
School district: New Westminster (SD40)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($359,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.