Condo
$569,900
33% less per sq ft412 78 RICHMOND STREET
New Westminsterlisted today
MLS® R3173520
1 / 40
2 bed · 2 bath · 1,212 sq ft · 1 parking
Condo · Single Family · built 2017 · 23 days on market
Listed by Adrian Cabanos, RE/MAX 2000 Realty
Realtor's description
Experience waterfront luxury at The Peninsula, New Westminster´s crown jewel on the river. This luxurious 2 BDRM, 2 BATH home offers over 1200 square ft of refined elegance with custom millwork, herringbone hardwood floors & soaring floor-to-ceiling windows capturing breathtaking west-facing sunsets over the Fraser River & city skyline. A chef-inspired kitchen with integrated Gaggenau appliances, a quartz waterfall island, Italian cabinetry with undermount lighting & custom pull-out pantries. Spa-inspired bathrooms with marble-style finishes, dual floating vanities & frameless glass shower. Resort style amenities incl. concierge service, guest suite, fitness & steam room, theatre & the exclusive Panorama Club - feat. a private lounge, BBQ terrace & hot tub overlooking the water.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,212 sq ft
- Parking
- 1
- Year built
- 2017
- Property tax
- $4,089 / yr
- Strata fee
- $830 / mo ($0.68 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 23
- MLS®
- R3166356
Features
- Private setting
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$4,652/mo
Mortgage $3,481 · Tax $341 · Strata $830
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
- −$2,723/mo
- Cap rate
- 1.1%
- yearly net rent ÷ price
Costs: mortgage $3,481 · tax $341 · strata $830 · 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 Queen Elizabeth Elementaryhomes in this catchment
2.0 km away · 921 Salter St, New Westminster · 604-517-6080
- Middle Queensborough Middle Schoolhomes in this catchment
1.7 km away · 833 Salter St, New Westminster · 604-517-6040
- Secondary New Westminster Secondaryhomes in this catchment
2.5 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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