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GARBUTT + DUMAS REAL ESTATE TEAM
630 Fifth St
New Westminster, BC, V3M 2X9
604.805.3115
info@gdrealestate.ca




James Garbutt
2038 Eighth Ave New Westminster

Shawn’s Best Deals of the Week (Dec 10-14)

Shawn’s Best Deals of the Week  (Dec 10-14)

Every week I will be posting 3-5 listings that I think are great investments for those who are looking to buy and hold, build, and move in. The neighbourhoods that I will be exploring are:

  1. Vancouver West
  2. Vancouver East
  3. East burnaby
  4. South Burnaby
  5. North Burnaby
  6. New Westminster
  7. Surrey

Why are you doing this?

There are so many aspects to take in to account when finding the right investment property.  You want to look at location, price point, location of that exact property, the details of the home and any issues with the lot. Whether it’s sloped, at a high point on the block that allows for a view or whether it’s riddled with trees that make it near impossible to build on without going through a lengthy process with the city halls. I will try to narrow searches down for you to make the selection process easier.

Vancouver West: 4454 W 13th Avenue

Price: $ 2,398,000
Lot: 33 x 122 (4,026 Sq Ft.)
House size:  2,356 Sq Ft.
Bedrooms: 5
Year Built: 1930
Zoning: RS-1

 

 

 

 

 

Why I Chose it:

The location is key. The price point is also great for Point Grey and the homes shows rentability. This is great while waiting for the development permits. This home is in modest shape and there appears to be little to no large trees on the lot. Although the 1930’s age may require a large portion of the home to be recycled, roughly 75%+. The RS-1 zones have recently been allowed duplexes, but given the neighbourhood elevations, a single family home with a lane way home would be best suited for the neighbourhood. In addition, the RS-1 zone allows for up to 70% FSR buildable. Please refer to the building guidelines as every house design may not qualify for the density bonus from the 60% shown on the zoning plan. The finished buildable maxed out at 70% is over 2,800 Sq Ft.

Vancouver East: 82 Ontario Place 

Price: $ 1,788,000
Lot: 33 x 121.93 (4,023.69 Sq Ft.)
House size:  2,356 Sq Ft.
Bedrooms: 6
Bathroom: 3
Year Built: 1969
Zoning: RS-1

 

 

 

 

 

Why I Chose it:

Why I chose it: The location is key. It is nestled between Main and Cambie which are direct routes to downtown Vancouver. It is a few blocks over from one of the largest developments in Vancouver, Oakridge. The price may be a bit high but the location is great!

East Burnaby: 7274 Stride Avenue

Price: $ 1,199,000
Lot: 53 x 120 (6,360 Sq Ft.)
House size:  2,425 Sq Ft.
Bedrooms: 4
Bathroom: 2
Year Built: 1949
Zoning: R5

 

 

 

 

 

 

Why I Chose it:

The location is key. This property sits a block away from the South Gate development, which is lead by Ledingham McAllister which will be 60 acres large and home to a new community. This home may be rezoned to higher density possibly two family infill housing. This will need to be verified with the city. The location is also a few blocks over from the Edmonds Skytrain station that is easy access to Vancouver and other parts of Metro Vancouver.

New Westminster: 2038 8th Avenue

Exterior FrontPrice: $ 1,249,000
Lot: 50 x 120 (6,000 Sq Ft.)
House size:  2,775 Sq Ft.
Bedrooms: 5
Bathroom: 3
Year Built: 1945
Zoning: Future NR2

 

 

 

Why I Chose it:

The location is key. This property Is two blocks away from the 22nd Street Skytrain Station and is in the New Westminster Official Community Plan for higher density. Higher density can be either infill (townhome) housing or low rise multi-family. The city would need to be consulted for verification. The home has also been tastefully renovated

New Westminster: 825 Dublin Street

Price: $ 1,249,000
Lot: 49.50 x 130 (6,435 Sq Ft.)
House size:  2,191 Sq Ft.
Bedrooms: 4
Bathroom: 2
Year Built: 1912
Zoning: NR1

 

 

 

Why I Chose it:

Why I chose it: The location is key. It is in the heart of New Westminster. Easy walking distance to New Westminster Secondary, Moody Park and some restaurants. It is also off of 8th Street which gives access to the #1 highway. It is also on the North side of Dublin which is then high side of the suite and with the additional square footage allowable in the basement for NR1 makes this is a great purchase for a building property. Be wary that there is one large tree in the back. Although the city has tree bylaws, there may be a chance to replace the current tree.