Property Type: Land / LotOwnership: Freehold

231 LAWRENCE STREET

New Westminster, BC V3M5K9

$1,299,900

Get Directions

Property Details

Property & Lot

Lot size
8,334 square feet
Frontage
59 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$6,585.28 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3089027
Listed
February 11, 2026
Time on market
On the market for 201 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Homelife Benchmark Realty (Langley) Corp. · Data source: CREA DDF.

Description

Builders / Developers, Build 1 large custom home or subdivide into 2 lots and build 2 homes !! Property has conditional approval for 2 lot subdivision, 8,334 sqft lot located in the heart of Queenbrough and just steps away from Queensborough Community Centre and Park. 2 road frontages Lawrence and Ota St. Property is cleared, zoned and has conditional approval for 2 lot subdivision, planning and engineering completed and approved by City of New Westminster. Child care/Pre school facility maybe be an alternative land use, Check with City of New Westminster Call or email Bryce today for more information (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

New Westminster average

$902/sqft

5 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.

Location Insights

Weather

Nearest station: Vancouver

Clear

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

33

7/9 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
Queensborough Middle SchoolElementary/Middle87 m
Queen Elizabeth ElementaryElementary301 m
Connaught Heights ElementaryElementary2.0 km
Lord Tweedsmuir ElementaryElementary2.1 km
John Knox Christian - Secondary Campus(Independent)K-122.1 km
Hamilton ElementaryElementary2.1 km
Power Alternate Secondary SchoolSecondary2.2 km
Byrne Creek Community SecondarySecondary2.5 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 Ewen Ave @ McGillivray Place178 m
Eastbound Ewen Ave @ McGillivray Place188 m
Eastbound Ewen Ave @ Lawrence St216 m
Westbound Ewen Ave @ Wood St258 m
Eastbound Ewen Ave @ Wood St324 m

Nearby Places

Restaurants (5+)

  • Epic Grill Silogs · 538 Ewen Avenue525 m
  • Lucky Sushi · 1102 Ewen Avenue646 m
  • Dana Pani Indian Cuisine · 805 Boyd Street711 m
  • Boston Pizza720 m
  • Pho Express · 850 Boyd Street767 m

Cafes (3)

  • Starbucks · 805 Boyd Street640 m
  • Bubble Waffle Cafe · 805 Boyd Street658 m
  • Tim Hortons · 805 Boyd Street677 m

Grocery (2)

  • Foody World768 m
  • Bulk Barn771 m

Parks (5+)

  • Boro All Wheel Park126 m
  • Ryall Park180 m
  • Sukh Sagar Park | ਸੁਖ ਸਾਗਰ ਪਾਰਕ283 m
  • Ryall Park307 m
  • Old Schoolhouse Park653 m

Gyms (2)

  • Anytime Fitness · 1110 Ewen Avenue679 m
  • CrossFit753 m

Pharmacies (1)

  • Queensborough Community Pharmacy · 1028 Ewen Avenue562 m

Banks & ATMs (2)

  • Bitcoin ATM Localcoin · 1102 Ewen Avenue639 m
  • Coast Capital Savings · 805 Boyd Street701 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($104,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,039,920.00
Periodic payment — Principal & Interest (monthly)$6,709.21
Additional monthly expenses (strata, tax, utilities, etc.)$548.77
Total monthly cost$7,257.98
Interest paid over 5-yr term$298,044.06
Balance at end of term$935,411.40

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,990
Stress test qualifying rate8.09%
Payment you must qualify for$9,188.44

Cash Needed at Closing

Minimum down payment$104,990
Estimated BC PTT$23,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$130,488

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.

Request more information