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Investment signal

$4,000,000

2119 MARINE WAY

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Beds

Baths

Sqft

—

Year

1960

Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for New Westminster. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Developer & Investor Alerts - Land Assembly - An incredible opportunity awaits you in New Westminster! Transit-Oriented investment opportunity in a prime location adjacent to 22nd street skytrain Station. Recently announced, Bill 47 (Transit-Oriented Areas) will designate the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5 FSR. This prime location presents a collection of 32 houses and can be sold on small group of homes. List price is per house. Situated just steps away from the Skytrain station, this property offers unparalleled convenience for future residents. Permission required to walk on property. Buyer to verify the OCP and City of New Westminster for zoning and all inquiries. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Common interest: Freehold
Living area: 2,400 square feet
Lot size: 19,384 square feet
Lot dimensions: 19384
Parking: 3 total
Fireplace: 2
On market: Mar 13, 2024
Status changed: Apr 20, 2026
Annual tax: $4,562.39 (2023)
Photos: 16
MLS#: R2859139
Area: NEW_WESTMINSTER

Features and systems

Parking

Garage

Appliances

All

Heating

Forced airNatural gas

Lot

Central location

Negative cash flow ~$4,127/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.19%

Cap rate

3.63%

GRM

16.7

Break-even rent

$24,344

Financing

Down payment$800,000

Loan amount$3,200,000

Mortgage$16,214/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,833

Insurance$80

Maintenance$3,333

CapEx reserve$1,667

Vacancy loss$1,000

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $16,214/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.