108 45 Fourth Street

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

rent

$1,890/mo

after all costs

−$321/mo

cap rate

4.1%

yearly net rent ÷ price

Costs: mortgage $1,433 · tax $161 · strata $430 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in New Westminster: CMHC's average there ($1,645) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Catchment schools, New Westminster School District 40

• Elementary Ecole Qayqayt Elementaryhomes in this catchment

  300 m away · 85 Merivale St, New Westminster · 604-517-6050

• Middle Fraser River Middlehomes in this catchment

  800 m away · 800 Queens Ave, New Westminster · 604-517-1800

• Secondary New Westminster Secondaryhomes in this catchment

  2.2 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.