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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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523 Kelly Street, New Westminster
MLS®: R3103518
1386
Sq.Ft.
2
Baths
4
Beds
5,085
Lot SqFt
1950
Built
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Description
INVESTOR/DEVELOPER ALERT IN SAPPERTON! This home/land is in the TOA AREA and has a preliminary plan for a 3.0 FSR density all on one lot. Why wait for complex assemblies. Corner lot and right next to Hume park. Plans include a daycare and 13 units in the prelim stage. Currently a renovated 5 bedroom with 3 bathroom and 3 kitchens making it a great hold and develop. Walking distance to Hume Park, Sapperton Park, and the vibrant shops/cafes on E Columbia St. With the Royal City''s continued growth, this is a strategic addition to any portfolio. Bring your vision to this quiet, tree-lined street in one of BC''s most connected neighborhoods!
Taxes (2025): $6,244.45
Amenities
Balcony
