1927 MARINE WAY, New Westminster, BC

Developers alert! Opportunity to acquire 2 or more lots for redevelopment of a 6-storey condo development. This property is sold in conjunction with 1923 Marine Way. The purpose of the Inclusionary Housing Policy is to help meet the City’s affordable rental housing needs by securing built below-market and non-market rental units in new multi-unit strata residential and mixed-use residential developments seeking additional density. Buyer to verify with the City. This site is conveniently located near the 22nd Street Skytrain station. With the asking price and a development at 2.5 FSR, the price per buildable sets this at a favorable number for redevelopment.