106 509 CARNARVON STREET

New Westminster · MLS® R3167848

2 bed · 1 bath · 891 sq ft · 1 parking

Condo · Single Family · built 1993 · 15 days on market

Listed by Daniella Williamson, Royal LePage Sussex

COURT ORDERED SALE. Rare opportunity to purchase a 2-bedroom, 1-bath ground-level home in Hillside Place, ideally situated in the heart of downtown New Westminster. Enjoy an unbeatable location just steps to SkyTrain, Douglas College, shops, restaurants, Pier Park, the River Market and the Quay. This well-established building offers secured underground parking, elevator access and is close to all urban amenities. Property is being sold as is and buyers are advised to verify all information and satisfy themselves with respect to the condition and features of the property. Excellent opportunity for investors, renovators or buyers looking to add value.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 1
Living area: 891 sq ft
Parking: 1
Year built: 1993
Property tax: $2,300 / yr
Strata fee: $649 / mo ($0.73 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 15
MLS®: R3167848

Buying in a building from 1982 to 2000: what to read first

2026 assessment: $505,000 · asking is -31%
Price per sq ft: $393 vs $642 median for condos in New Westminster for sale (342)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Central location
Elevator
Pets Allowed With Restrictions

On market 15 days

Listed now: 48 days; median for 342 condos for sale; this one 15 days

Condos in New Westminster. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$2,365/mo

Mortgage $1,525 · Tax $192 · Strata $649

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,525/ monthly

loan $280,000

25-year amortization

down payment20% · $70,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $177,475
property transfer tax: $5,000; BC general rate
cash to close: $75,000; down + PTT
total paid: $457,475

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,134/mo
After all costs: −$437/mo
Cap rate: 3.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,525 · tax $192 · strata $649 · 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

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