Condo
$399,900
30% under assessed306 48 RICHMOND STREET
New Westminster14 days on market
1 bd1 ba898 sq ft
MLS® R31689741 / 32
$520,000
206 215 TWELFTH STREET
New Westminster · MLS® R3167737
2 bed · 2 bath · 974 sq ft · 1 parking
Condo · Single Family · built 1997 · 16 days on market
Listed by Mabel Ko, RE/MAX City Realty
Realtor's description
NOT STREET LEVEL ground unit, this bright & thoughtfully designed 2-br, 2-bth home offers a spacious open-concept layout. The primary br comfortably fits a KING-SIZE bed, while the kitchen features S/S appliances & a dedicated dining area. Enjoy the added comfort of a cozy GAS FIREPLACE & the convenience of in-suite laundry. Step outside to your LARGE 270sqft covered NW-facing patio, an ideal space for year-round BBQs, outdoor dining & relaxing. Enjoy a peaceful courtyard, gym & lots of visitors parking. Conveniently located near SkyTrain, Royal City Centre, Walmart, Columbia Square Plaza and a wide variety of restaurants and everyday amenities. Includes 1 parking & 1 storage locker. OPEN HOUSE: Saturday & Sunday, September 26th & 27th, 2-4 PM.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 974 sq ft
- Parking
- 1
- Year built
- 1997
- Property tax
- $2,728 / yr
- Strata fee
- $495 / mo ($0.51 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 16
- MLS®
- R3167737
Features
- Central location
- Elevator
- Wheelchair access
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$2,987/mo
Mortgage $2,266 · Tax $227 · Strata $495
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
- −$1,059/mo
- Cap rate
- 2.8%
- yearly net rent ÷ price
Costs: mortgage $2,266 · tax $227 · strata $495 · 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 Lord Kelvin Elementaryhomes in this catchment
1.1 km away · 1010 Hamilton St, New Westminster · 604-517-6060
- Middle Fraser River Middlehomes in this catchment
500 m away · 800 Queens Ave, New Westminster · 604-517-1800
- Secondary New Westminster Secondaryhomes in this catchment
1.7 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.
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
