Property Type: Detached HouseOwnership: Freehold

1921 MARINE WAY

New Westminster, BC V3M2E4

$2,798,968

3 bed2 bath0 parking2,256 sqftBuilt 1946
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Property Details

Property & Lot

Sub-type
House
Lot size
9,266 square feet
Frontage
50 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,070.96 (2025)

Interior

Basement
Partially finished, Unknown, Unknown
Heating
Electric, Natural gas
Fireplace
None

Parking

Total spaces
0 — covered indicated
Features
Garage, Carport, RV

Listing Information

MLS®
R3104661
Listed
March 30, 2026
Time on market
On the market for 154 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Select Properties · Data source: CREA DDF.

Description

Developer Alert! Ideal for redevelopment to 4 to 6 Storey Multifamily. Prime opportunity for redevelopment in a rapidly evolving area of New Westminster. This site is ideally located just steps from the 22nd Street SkyTrain Station, offering excellent transit connectivity. A true Transit-Oriented Development (TOD) investment opportunity-check with the City of New Westminster regarding OCP and future land use potential. Don't miss this chance to be part of a growing, well-connected community. (id:63159)

Values & Trends

This listing

$1,241/sqft

Building average

No other active listings in this building

New Westminster average

$728/sqft

146 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

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

$1,650,000
$1,376,300
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Vancouver

Clear

15°C

Clear

Humidity 100%

Wind NW 5 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

22

3/9 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

SchoolTypeDistance
Lord Tweedsmuir ElementaryElementary544 m
Connaught Heights ElementaryElementary871 m
Byrne Creek Community SecondarySecondary969 m
Taylor Park ElementaryElementary1.4 km
Stride Avenue Community ElementaryElementary1.4 km
John Knox Christian - Secondary Campus(Independent)K-121.4 km
Lord Kelvin ElementaryElementary1.5 km
Our Lady of Mercy(Independent)Elementary1.6 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

StopTypeDistance
Westbound Marine Way @ 20 St182 m
Eastbound 6th Ave @ 18 St323 m
Westbound 6th Ave @ 18 St334 m
22nd Street Station @ Bay 3359 m
22nd Street Station @ Platform 2363 m

Nearby Places

Restaurants (2)

  • Papa Dave's Pizza514 m
  • Pho Maxima519 m

Parks (1)

  • Grimston Park134 m

Pharmacies (1)

  • West End Pharmacy387 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($559,794) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,239,174.00
Periodic payment — Principal & Interest (monthly)$14,446.39
Additional monthly expenses (strata, tax, utilities, etc.)$535.58
Total monthly cost$14,981.97
Interest paid over 5-yr term$641,753.70
Balance at end of term$2,014,144.26

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$559,794
Stress test qualifying rate8.09%
Payment you must qualify for$17,218.47

Cash Needed at Closing

Minimum down payment$559,794
Estimated BC PTT$61,969
Legal / closing costs (typical estimate)$1,500
Total cash needed$623,263

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.

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