123 488 Furness Street

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$988,800

123 488 Furness Street

New Westminster · MLS® R3179256

all units at 488 Furness St →

442

1,579 sq ft · Townhouse · Single Family · built 2023 · 2 days on market

listed by Charles Chen, RE/MAX Crest Realty

realtor's description

Welcome to Portside by Anthem,Ideally situated along the Fraser River with views overlooking downtown New West,this beautifully designed home features an open-concept main floor,a chef-inspired kitchen,stylish cabinetry,stainless steel appliances & a large island perfect for entertaining.Upstairs offers a spacious primary suite with soaring 10-foot vaulted ceilings,a walk-in closet with custom organizers,and a spa-inspired ensuite,plus two additional bedrooms.The lower level features a versatile fourth bedroom and bathroom,ideal for guests or a home office.Enjoy a double side-by-side garage and convenient access to schools,shopping,dining,and the Q2Q Ferry.Experience the perfect blend of comfort and waterfront living.

property details

type: Townhouse, Single Family
bedrooms: 4
bathrooms: 4
living area: 1,579 sq ft
parking: 2
year built: 2023
strata fee: $380 / mo ($0.24 / sq ft)
strata rules: Pets Allowed
days on market: 2
MLS®: R3179256

features

Pets Allowed
All

the market here

listed now: 52 days; median for 56 townhouses for sale; this one 2 days

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

property tax by year

year	assessed	est. tax
2026	$1,121,000	$5,373
2025	$1,126,000	$4,914

Estimated tax up 9.3% from 2025 to 2026.

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.

monthly cost

$4,732/mo

Mortgage $4,352 · Strata $380

20% down at 4.44% fixed (Ratehub.ca), 25 years; strata fee from the listing.

estimated payment

$4,352/ monthly

loan $791,040

25-year amortization

down payment20% · $197,76020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 31, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $514,514
property transfer tax: $17,776; BC general rate
cash to close: $215,536; down + PTT
total paid: $1,305,554

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $3,230/mo
after all costs: −$1,935/mo
cap rate: 2.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,352 · strata $380 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in New Westminster: CMHC's average there ($2,733) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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.

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