109 815 Fourth Avenue

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

−$582/mo

cap rate

3.4%

yearly net rent ÷ price

Costs: mortgage $1,634 · tax $155 · strata $497 · 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.

Rapid transit: New Westminster SkyTrain station, 1 km (about 15 min walk); Columbia SkyTrain station, 1.2 km (about 18 min walk).

Estimated tax up 5.7% from 2025 to 2026.

The listing shows $1,856 a year in property tax.

Estimate: the BC Assessment value times New Westminster's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

listed now

44 days

median for 349 condos for sale; this one 57 days

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

the building's lot: 2,278 m² (24,520 sq ft) · PID 001-260-448. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Rapid transit: New Westminster SkyTrain station, 1 km (about 15 min walk); Columbia SkyTrain station, 1.2 km (about 18 min walk).