401 Ewen Avenue

For Sale | Development Land | ± 6,622 SQFT | $2,088,000
Overview

This strategically located building in Queensborough offers a rare investment blend of immediate income stability and future growth potential. With a long-term tenant operating a daycare, it ensures reliable cash flow. Situated in an area designated for medium-density development in the Official Community Plan (OCP), this property is poised for various development possibilities, benefiting from the thriving community and ongoing neighborhood growth. Queensborough’s strategic location and evolving infrastructure make this investment opportunity compelling for investors, developers and entrepreneurs alike. For inquiries or viewings, please contact Savvi today to be part of Queensborough’s dynamic growth story.

Investment Opportunity in Queensborough

  • Holding Income
  • Triple Net Lease
  • Development Upside
  • Corner Lot Location
  • Future Development Potential of Medium-density Development

Details
Status

For Sale

Address

401 Ewen Avenue, New Westminster,
Canada

Size

± 6,622 SQFT

Type

Development Land

Price

$2,088,000

Property Taxes

$4,359.66 (2023)

PID

000-620-963

Zoning

M-1

Legal Description

PARCEL A, LOT 25, PLAN NWP2620, NEW WESTMINSTER LAND DISTRICT, (EXPL PL NWP7933), & OF LOT 757

Location

Queensborough, located in New Westminster, is a vibrant community known for its thriving spirit and strategic location. Nestled along the Fraser River, it offers a unique blend of residential charm, diverse amenities, and easy access to major transportation routes. With ongoing development projects, Queensborough is poised for growth, making it an appealing destination for families and businesses seeking a dynamic and welcoming environment.

Transit
Queensborough, New Westminster, enjoys excellent transit connectivity, with bus routes and proximity to SkyTrain stations. Commuters benefit from efficient public transportation options for easy access to Greater Vancouver.


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Stathis Michael Savvis
Stathis Michael Savvis

Personal Real Estate Corporation

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.