349-351 Cumberland Street, New Westminster, V3L 3G4 — photo 1

$1,999,000

349-351 Cumberland Street, New Westminster, V3L 3G4
Active
5 Bedrooms 3 Bathrooms 2,710 sqft Built 1940 Residential

About This Property

RARELY AVAILABLE! Opportunity to own an extremely well-maintained Spanish style TRIPLEX property on 10,281 sq ft RT-1 zoned lot in desirable Sapperton neighbourhood close to transit, new Aquatics center, schools, parks, shopping, RCH, restaurants, HWY-1 & more. 3 SEPARATE SUITES! 351 side features 2 Beds & 1 Bath, 2 levels, renovated kitchen & bath, some updated windows, rec room & laundry down. 349 side has 2 Beds/1 Bath suite w laundry on the main & 1 Bed/1 Bath self-contained suite below. Each unit has separate outdoor patio/backyard. 194 sq ft storage room at bottom of 349. Beautifully landscaped & private backyard w back lane access & open parking for ~8 vehicles. GREAT HOLDING PROPERTY in Bill 47 & TOD zone, possible for $75,000/annum rental income or more.

Unauthorized SuiteView

Property Details

MLS #

R3052074

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RT-1

Bedrooms

5

Full Baths

3

Half Baths

0

Kitchens

3

Fireplaces

0

Living Area

2,710 sqft

Main Floor

1,781 sqft

Basement

Yes

Lot Size

10,281 sqft

Lot Dimensions

69 x 149

Frontage

69

Year Built

1940

Age

86 years

Roof

Torch-On

Construction

Frame Wood, Glass (Exterior), Stucco

Structure

Residential Detached

Parking Stalls

8

Parking Type

Other, RV Access/Parking, Rear Access, Asphalt

Original Price

$2,200,000

Taxes

$7,325.41/yr

Listed

2025-09-18

MLS Area

Sapperton

City

New Westminster

Postal Code

V3L 3G4

Features & Finishes

Heating

Forced Air · Natural Gas

Flooring

Mixed · Softwood

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Patio / Porch

Patio · Deck

Windows

Window Coverings

Exterior Features

Private Yard

Building & Community

View

City & Fraser River & mountain

Lot Features

Central Location, Private, Recreation Nearby

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

Yes

Coordinates: 49.220735, -122.896905 · Map data © Google

7.0

Good Value

Deal Score out of 10

Priced competitively with some negotiation potential.

Value vs market13% above market $/sqft
Days on market228 days — significantly stale, strong negotiation position
Price historyPrice dropped 9% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 95% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$1,862,484

6.8% below asking price

Negotiation Range

$1,812,509$1,892,469

$79,960 spread

$1,812,509$1,999,000 ask

Based on 11 recent sales, a starting offer around $1,862,484 (6.8% below ask) is reasonable. Your negotiation range is $1,812,509 – $1,892,469.

What's factored in

Market baseline11 recent New Westminster sales closed at median 95% of list price
Price already reducedSeller dropped from 9% off original ask — indicates motivation
Extended market time228 days listed — well above market avg of 163 days, increased negotiation leverage

Based on 11 residential sales in New Westminster (last 60 days) · Updated May 4

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