Condo
$559,000
1005 280 ROSS DRIVE
New Westminster44 days on market
MLS® R3159116
1 / 36
2 bed · 2 bath · 1,464 sq ft · 2 parking
Condo · Single Family · built 1974 · 90 days on market
Listed by Elliott Chun, The Partners Real Estate
Realtor's description
NEW PRICE -- INCREDIBLE VLUAE! Spacious penthouse living with stunning 180-degree views in downtown New West! One of only 3 top floor units offering panoramic water, mountain and city views with sought-after north, east and southern exposure. Updated home features two balconies, engineered hardwood floors, upgraded stainless steel appliances and in-suite laundry. Spacious primary bedroom offers two large closets, while the second bedroom functions perfectly as a home office or guest room. Heat and hot water included in strata fees. Well-managed strata with major updates (2002-2026) such as: windows, balconies, roof, re-piping, parking membrane and common areas. Steps to shops, parks, the Quay, schools, Yorkville University, and SkyTrain. Move in as-is, or bring your decorating ideas.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,464 sq ft
- Parking
- 2
- Year built
- 1974
- Property tax
- $3,212 / yr
- Strata fee
- $1,055 / mo ($0.72 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 90
- MLS®
- R3145283
Features
- Central location
- Private setting
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$4,281/mo
Mortgage $2,958 · Tax $268 · Strata $1,055
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
- −$2,352/mo
- Cap rate
- 1.1%
- yearly net rent ÷ price
Costs: mortgage $2,958 · tax $268 · strata $1,055 · 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 Ecole Qayqayt Elementaryhomes in this catchment
200 m away · 85 Merivale St, New Westminster · 604-517-6050
- Middle Fraser River Middlehomes in this catchment
1.1 km away · 800 Queens Ave, New Westminster · 604-517-1800
- Secondary New Westminster Secondaryhomes in this catchment
2.3 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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