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Prime development opportunity in Queensborough! This half-acre parcel, currently zoned industrial M1, offers immense potential for Residential Multi-Unit Buildings under the current OCP designation of RM for the City of New Westminster. With a mix of townhouses, row houses, and low-rises permitted, this site is ideal for savvy developers. Explore the options for rezoning to unlock its full potential. Additional permitted uses include, home-based businesses, local commercial ventures, and community facilities. Buyer to confirm with the City of New Westminster about the zoning and process. Don't miss out on this rare find - inquire today!