Condo
$347,000
15% under assessed201 338 WARD STREET
New Westminster22 days on market
MLS® R3167055
1 / 13
2 bed · 1 bath · 739 sq ft · 1 parking
Condo · Single Family · built 1968 · 128 days on market
Listed by Richard Wu, Multiple Realty Ltd.
Realtor's description
Bright, spacious and truly move-in ready in the heart of Uptown New Westminster, this lovely 2-bedroom home offers a superb layout, great natural light and a sunny deck perfect for morning coffee or simply unwinding. Situated in a well-regarded low-rise with just 42 units, wheelchair accessible and set on a quiet, tree-lined street near all the conveniences you need-shopping, transit, SkyTrain, parks and restaurants are moments away. Ownership is through shares in the corporation that owns the land and building (co-op style) and requires Board approval. Note: no conventional mortgages-buyers must use cash, line of credit or private financing. A rare, affordable and central opportunity in a friendly 40+ community where you can simply move in and enjoy.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 739 sq ft
- Parking
- 1
- Year built
- 1968
- Property tax
- $35,126 / yr
- Strata rules
- Adult Oriented, Pets not Allowed
- Days on market
- 128
- MLS®
- R3131928
Features
- Central location
- Elevator
- Wheelchair access
- Adult Oriented
- Pets not Allowed
- Refrigerator
Floor plans
Found among the listing photos.
Monthly cost
$4,182/mo
Mortgage $1,255 · Tax $2,927
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
If you rented it out
- Rent
- $2,134/mo
- After all costs
- −$2,254/mo
- Cap rate
- -4.2%
- yearly net rent ÷ price
Costs: mortgage $1,255 · tax $2,927 · 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
500 m away · 1010 Hamilton St, New Westminster · 604-517-6060
- Middle Fraser River Middlehomes in this catchment
700 m away · 800 Queens Ave, New Westminster · 604-517-1800
- Secondary New Westminster Secondaryhomes in this catchment
1.0 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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