Condo
$399,900
30% under assessed306 48 RICHMOND STREET
New Westminster16 days on market
MLS® R3168974
1 / 26
2 bed · 1 bath · 965 sq ft · 1 parking
Condo · Single Family · built 1974 · 185 days on market
Listed by Dennis Sabitoff, Team 3000 Realty Ltd.
Realtor's description
Stop searching! Your perfect New West home is here. This isn't just a condo; it's a lifestyle upgrade. Welcome to Unit 101, a STUNNINGLY renovated 2-bed corner unit. Discover your private oasis, perfectly positioned on a quiet street away from the city bustle. Inside, everything is NEW: chic flooring, fresh paint, updated bathroom, updated kitchen, & BRAND NEW in-suite laundry. The layout is bright, modern, & airy. Heat & hot water are INCLUDED in your strata fee. Plus, enjoy a gym & sauna room. You are steps from the best of Uptown & Downtown New West - shops, transit, parks & more. Just unpack & live your best life. OPEN HOUSE: Saturday, April 18th from 2:00 PM to 4:00 PM.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 965 sq ft
- Parking
- 1
- Year built
- 1974
- Property tax
- $2,200 / yr
- Strata fee
- $737 / mo ($0.76 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 185
- MLS®
- R3107283
Features
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
$3,095/mo
Mortgage $2,174 · Tax $183 · Strata $737
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,134/mo
- After all costs
- −$1,167/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $2,174 · tax $183 · strata $737 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in New Westminster (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
New WestminsterGoogle Maps ↗
Schools
Catchment schools, New Westminster School District 40
- Elementary Lord Kelvin Elementaryhomes in this catchment
400 m away · 1010 Hamilton St, New Westminster · 604-517-6060
- Middle Fraser River Middlehomes in this catchment
900 m away · 800 Queens Ave, New Westminster · 604-517-1800
- Secondary New Westminster Secondaryhomes in this catchment
1.0 km away · 820 6th St, New Westminster · 604-517-6122
From the New Westminster School District 40's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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