Condo
$399,900
30% under assessed306 48 RICHMOND STREET
New Westminster14 days on market
1 bd1 ba898 sq ft
MLS® R31689741 / 32
$558,800
213 83 STAR CRESCENT
New Westminster · MLS® R3089484
2 bed · 2 bath · 936 sq ft · 1 parking
Condo · Single Family · built 1998 · 237 days on market
Listed by Willa Wang, RE/MAX Crest Realty
Realtor's description
Welcome to Residences on the River, a beautifully designed garden-level 2-bed, 2-bath home just steps from the water. This residence features two separated bedrooms. Off the living room, enjoy your private patio - partly covered for year-round use and partly open to welcome the sunshine. Located in the heart of Port Royal, you´ll have easy access to Port Royal Park, the Queensborough Perimeter Trail, and the Q to Q ferry. Steps from Port Royal's sandy beach and a scenic 1.3 km river walk. 1 parking & 1 locker.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 936 sq ft
- Parking
- 1
- Year built
- 1998
- Property tax
- $2,366 / yr
- Strata fee
- $692 / mo ($0.74 / sq ft)
- Strata rules
- Pets Allowed, Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 237
- MLS®
- R3089484
Features
- Central location
- Elevator
- Pets Allowed
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Monthly cost
$3,324/mo
Mortgage $2,435 · Tax $197 · Strata $692
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
- −$1,395/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,435 · tax $197 · strata $692 · 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 Queen Elizabeth Elementaryhomes in this catchment
1.8 km away · 921 Salter St, New Westminster · 604-517-6080
- Middle Queensborough Middle Schoolhomes in this catchment
1.6 km away · 833 Salter St, New Westminster · 604-517-6040
- Secondary New Westminster Secondaryhomes in this catchment
2.3 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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