$445,000
105 225 Francis Way
New Westminster15 days on market
listed by eXp Realty
MLS® R3174493
305 466 E Eighth Avenue
111
642 sq ft · Condo · Single Family · built 1975 · listed today
listed by Tom Devlin, Hugh & McKinnon Realty Ltd.
realtor's description
Welcome to your fully renovated condo at Park Villa! This beautifully updated home features brand-new appliances and stylish, modern finishes throughout, offering a move-in-ready living experience. Conveniently located just minutes from Braid SkyTrain Station in New Westminster, this centrally situated home provides easy access to shopping, Royal Columbian Hospital, Skwo:wech Elementary School, Hume Park, the New Westminster Quay Market, and many other everyday amenities. Whether you're a first-time buyer, downsizer, or investor, this exceptional location combines comfort, convenience, and connectivity. Maintenance fee includes use of shared laundry facility. Some photos virtually staged. Quick Possession Possible.
property details
- type
- Condo, Single Family
- bedrooms
- 1
- bathrooms
- 1
- living area
- 642 sq ft
- parking
- 1
- year built
- 1975
- property tax
- $1,782 / yr
- strata fee
- $466 / mo ($0.73 / sq ft)
- strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- days on market
- 0
- MLS®
- R3178876
features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
floor plans
found among the listing photos.
monthly cost
$2,117/mo
Mortgage $1,503 · Tax $148 · Strata $466
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
- $1,890/mo
- after all costs
- −$413/mo
- cap rate
- 3.8%
- yearly net rent ÷ price
Costs: mortgage $1,503 · tax $148 · strata $466 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 1-bedroom in New Westminster: CMHC's average there ($1,645) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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 ↗
Rapid transit: Sapperton SkyTrain station, 800 m (about 13 min walk); Braid SkyTrain station, 900 m (about 15 min walk).
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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