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Investment signal

$1,688,000

370 HOSPITAL STREET

Save this home

Beds

4

Baths

2

Sqft

Year

1947

Type

Single Family

Suite

Investment signal

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

Investor/Developer Alert! Great opportunity with this spacious 4-bedroom single-family home situated on a rare, oversized 8,660 sq.ft lot. Double the size of most lots in the area! Whether you're looking to move in, hold, or build, the potential is limitless. The lot offers possible options for subdivision or redevelopment-buyer to make inquiries with the city for further details. Enjoy a large, fully fenced backyard perfect for privacy and outdoor activities. Located on a quiet street in a highly sought-after neighborhood, this property is just steps from the brand-new Skwo:wech Elementary School and bus routes. Within walking distance to shopping, restaurants, Royal Columbian Hospital, and Skytrain. Don't miss out on this prime investment opportunity. (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
House
Common interest
Freehold
Living area
1,855 square feet
Lot size
8,660 square feet
Lot dimensions
8660
Parking
2 total
On market
Apr 22, 2026
Status changed
Apr 22, 2026
Annual tax
$8,547.02 (2024)
Photos
8
MLS#
R3114333
Area
NEW_WESTMINSTER

Features and systems

Basement

FinishedFullUnknown

Appliances

All

Heating

Forced airNatural gas
Negative cash flow ~$1,778/mo at these assumptions

Cash on cash

-6.32%

Cap rate

3.60%

GRM

16.6

Break-even rent

$10,322

Financing

Down payment$337,600
Loan amount$1,350,400
Mortgage$6,842/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$774
Insurance$80
Maintenance$1,407
CapEx reserve$703
Vacancy loss$423

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 $6,842/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 22, 2026.

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