Property Type: Detached HouseOwnership: Freehold

324 LAWRENCE STREET

New Westminster, BC V3M5L2

$1,299,000

3 bed1 bath12 parking800 sqftBuilt 1931
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Property Details

Property & Lot

Sub-type
House
Lot size
8,633.94 square feet
Frontage
66 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,324.46 (2024)

Interior

Heating
Natural gas
Fireplace
None

Parking

Total spaces
12 — uncovered indicated
Features
Other

Listing Information

MLS®
R2955623
Listed
January 13, 2025
Time on market
On the market for 595 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Remarkable opportunity in the fast-growing Queensborough. Builders : Future Potential to SUBDIVIDE to Two 33 x 130 Lots. We are excited to present a double lot property with the potential for development, featuring sub-dividable RQ-1 zoning that is strategically located amidst upscale residences. The property currently includes an existing house on two lots, promising a lucrative venture for developers and builders alike. Centrally located in trendy Queensborough is close to various amenities and attractions, including Queensborough Landing Shopping Centre, Walmart, Casino, Starbucks, Tim Hortons, Boston Pizza, Queensborough Middle School, Parks and Sports Field, Queensborough Bridge, Alex Fraser Bridge and Hwy 91. The diverse range of nearby facilities add convenience and appeal to the location. Great Investment Opportunity for a growing community.Please do not walk on the property without an appointment. (id:63159)

Values & Trends

This listing

$1,624/sqft

Building average

No other active listings in this building

New Westminster average

$726/sqft

146 active listing(s)

Parking: 12 stall(s) includedStorage 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

48

8/9 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/Middle391 m
Queen Elizabeth ElementaryElementary435 m
Connaught Heights ElementaryElementary1.7 km
Lord Tweedsmuir ElementaryElementary1.8 km
John Knox Christian - Secondary Campus(Independent)K-122.0 km
Hamilton ElementaryElementary2.1 km
Byrne Creek Community SecondarySecondary2.2 km
Power Alternate Secondary SchoolSecondary2.2 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 Place165 m
Eastbound Ewen Ave @ Lawrence St188 m
Eastbound Ewen Ave @ McGillivray Place219 m
Westbound Ewen Ave @ Wood St272 m
Northbound Hwy 91A Onramp @ Howes St284 m

Nearby Places

Restaurants (5+)

  • Dana Pani Indian Cuisine · 805 Boyd Street403 m
  • Boston Pizza415 m
  • Pho Express · 850 Boyd Street461 m
  • Nando's513 m
  • Epic Grill Silogs · 538 Ewen Avenue572 m

Cafes (3)

  • Starbucks · 805 Boyd Street333 m
  • Bubble Waffle Cafe · 805 Boyd Street350 m
  • Tim Hortons · 805 Boyd Street383 m

Grocery (2)

  • Foody World462 m
  • Bulk Barn494 m

Parks (5+)

  • Boro All Wheel Park267 m
  • Sukh Sagar Park | ਸੁਖ ਸਾਗਰ ਪਾਰਕ278 m
  • Ryall Park332 m
  • Ryall Park592 m
  • Old Schoolhouse Park722 m

Shopping (2)

  • Walmart · 805 Boyd Street614 m
  • Value Village733 m

Gyms (3)

  • 4 Elements528 m
  • CrossFit540 m
  • Anytime Fitness · 1110 Ewen Avenue659 m

Pharmacies (1)

  • Queensborough Community Pharmacy · 1028 Ewen Avenue532 m

Banks & ATMs (2)

  • Coast Capital Savings · 805 Boyd Street396 m
  • Bitcoin ATM Localcoin · 1102 Ewen Avenue610 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($104,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,039,200.00
Periodic payment — Principal & Interest (monthly)$6,704.57
Additional monthly expenses (strata, tax, utilities, etc.)$567.04
Total monthly cost$7,271.60
Interest paid over 5-yr term$297,837.71
Balance at end of term$934,763.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,900
Stress test qualifying rate8.09%
Payment you must qualify for$9,182.21

Cash Needed at Closing

Minimum down payment$104,900
Estimated BC PTT$23,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$130,380

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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