Condo
$399,900
30% under assessed306 48 RICHMOND STREET
New Westminster16 days on market
MLS® R3168974
1 / 19
1 bed · 1 bath · 630 sq ft · 1 parking
Condo · Single Family · built 1975 · 65 days on market
Listed by Alison Hazelwood, RE/MAX All Points Realty
Realtor's description
Located in one of New West's most vibrant, walkable neighborhoods. This ground-level one-bedroom suite has a beautifully refreshed interior with new paint throughout. You're going to love the kitchen. It's in great condition & comes updated with high-end stainless appliances, featuring a premium induction range, a Fisher Paykel fridge, dishwasher & an over-the-range microwave. The suite faces the private, quiet side of the building & the patio is framed by mature landscaping. Building upgrades include an updated elevator, a newer boiler system & building-wide re-piping. Amazingly convenient location close to 2 SkyTrain stations, RCH, Hume Park, shops, restaurants & services. Bring Rover and Fluffy! 3 cats &/or dogs allowed to reside in suite. No size restriction. Open house Sat. Oct 3rd 1:00-2:00
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 630 sq ft
- Parking
- 1
- Year built
- 1975
- Property tax
- $1,740 / yr
- Strata fee
- $483 / mo ($0.77 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 65
- MLS®
- R3153197
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Refrigerator
- Dishwasher
- Stove
Floor plans
Found among the listing photos.
Monthly cost
$2,043/mo
Mortgage $1,416 · Tax $145 · Strata $483
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
- $1,645/mo
- After all costs
- −$565/mo
- Cap rate
- 3.1%
- yearly net rent ÷ price
Costs: mortgage $1,416 · tax $145 · strata $483 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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 Skwo:wech Elementaryhomes in this catchment
600 m away · 331 Richmond St, New Westminster · 604-517-6090
- Middle Ecole Glenbrook Middle Schoolhomes in this catchment
1.6 km away · 701 Park Cres, New Westminster · 604-517-5940
- Secondary New Westminster Secondaryhomes in this catchment
3.0 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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