Condo
$399,900
30% under assessed306 48 RICHMOND STREET
New Westminster16 days on market
MLS® R3168974
1 / 29
2 bed · 2 bath · 845 sq ft · 1 parking
Condo · Single Family · built 2009 · 11 days on market
Listed by Ricardo Ameerali, eXp Realty
Realtor's description
Enjoy RIVER & MOUNTAIN VIEWS from this bright 2 bed, 2 bath home in a CONCRETE building in the heart of New Westminster! Desirable EAST-FACING exposure provides beautiful morning light while keeping the home cooler during hot summer afternoons. Step outside to a LARGE COVERED PATIO, perfect for year-round outdoor living and enjoying the views. Functional layout with excellent bedroom separation. Unbeatable location just steps to SkyTrain, shopping, restaurants, cafés, the waterfront and nearby colleges. An excellent opportunity for homeowners and investors seeking concrete construction, outdoor space, views and outstanding convenience. In suite laundry, pets allowed. 1 parking.OH Sat, Oct 3, 1-3pm and Sun Oct 4, 2-4 pm. By appointment.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 845 sq ft
- Parking
- 1
- Year built
- 2009
- Property tax
- $2,793 / yr
- Strata fee
- $474 / mo ($0.56 / sq ft)
- Days on market
- 11
- MLS®
- R3169967
Features
- Central location
- Elevator
- All
Monthly cost
$2,885/mo
Mortgage $2,178 · Tax $233 · Strata $474
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
- −$957/mo
- Cap rate
- 2.9%
- yearly net rent ÷ price
Costs: mortgage $2,178 · tax $233 · strata $474 · 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
1.0 km away · 85 Merivale St, New Westminster · 604-517-6050
- Middle Fraser River Middlehomes in this catchment
400 m away · 800 Queens Ave, New Westminster · 604-517-1800
- Secondary New Westminster Secondaryhomes in this catchment
2.1 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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