407 Garrett Street, New Westminster, V3L 3S1 — photo 1

$1,999,000

407 Garrett Street, New Westminster, V3L 3S1
Active
4 Bedrooms 1 Bathrooms 1,212 sqft Built 1914 Residential
1 Listing Signal Detected
Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

Prime opportunity in New Westminster’s Sapperton! Just steps to SkyTrain within the Province’s new Transit-Oriented Area (TOA), Royal Columbian Hospital, and the vibrant Brewery District by Wesgroup. This large RS-1 zoned lot offers strong holding value with future potential, as the City’s Draft Land Use Designation identifies the area for Residential – Limited Mid Rise (RLM). Buyers should verify details with the City regarding future development. A rare chance to secure property in a rapidly evolving neighborhood with excellent transit, shopping, and community amenities at your doorstep.

NoneFireplace

Property Details

MLS #

R3044193

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RS-1

Bedrooms

4

Full Baths

1

Half Baths

0

Kitchens

1

Fireplaces

1

Living Area

1,212 sqft

Main Floor

766 sqft

Above Main

246 sqft

Basement

200 sqft fin.

Lot Size

5,085 sqft

Lot Dimensions

45 x 113

Frontage

45

Year Built

1914

Age

112 years

Roof

Asphalt

Construction

Frame Wood, Stucco

Structure

Residential Detached

Parking Stalls

1

Parking Type

Open, Lane Access

Original Price

$1,999,000

Taxes

$5,901.44/yr

Listed

2025-09-03

MLS Area

Sapperton

City

New Westminster

Postal Code

V3L 3S1

Features & Finishes

Heating

Electric

Flooring

Mixed

Appliances

Washer/Dryer · Refrigerator · Stove

Fireplace

Wood Burning

Patio / Porch

Sundeck

Windows

Window Coverings

Exterior Features

Garden · Private Yard

Building & Community

Lot Features

Central Location, Lane Access

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Storm Sewer

Utilities

Community, Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Disclosures

Property Disclosure

No

Coordinates: 49.228374, -122.889463 · Map data © Google

5.3

Above Market

Deal Score out of 10

Priced above comparable sales — may have room to negotiate.

Value vs market153% above market — check if justified
Days on market243 days — significantly stale, strong negotiation position
Price historyNo price reduction — seller firm on price
Market conditionsBuyer's market — avg 95% of ask
Draft CPS Offer

Offer Advisor

Medium confidence

Suggested Offer

$1,863,214

6.8% below asking price

Negotiation Range

$1,813,239$1,893,199

$79,960 spread

$1,813,239$1,999,000 ask

Based on 11 recent sales, a starting offer around $1,863,214 (6.8% below ask) is reasonable. Your negotiation range is $1,813,239 – $1,893,199.

What's factored in

Market baseline11 recent New Westminster sales closed at median 95% of list price
Extended market time243 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

Schedule a Viewing

Contact us to arrange a private showing of this property.

Your information is kept private and never shared with third parties.

Ask a Question

Have questions about this listing? We'll get back to you quickly.

Your information is kept private and never shared with third parties.

More Homes in Sapperton