312 Mercer Street

New Westminster · MLS® R3177659

3,782 sq ft lot · Land · Vacant Land · 9 days on market

listed by Lance Hughes, RE/MAX City Realty

realtor's description

CD-64 Zoning. Mercer Street will be the main Hub for future shopping. This zoning will allow a mix of 3 level residential at back and a mix of commercial store fronts. 314 Mercer St on mls.

property details

type: Land, Vacant Land
lot: 3,782 sq ft
parking: 0
property tax: $6,803 / yr
days on market: 9
MLS®: R3177659

features

Central location

the market here

listed now: 106 days; median for 17 homes for sale; this one 9 days

Homes in New Westminster. Sale prices register 1 to 3 months after a sale closes.

property tax by year

year	assessed	est. tax
2026	$453,000	$2,171

The listing shows $6,803 a year in property tax.

Estimate: the BC Assessment value times New Westminster's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

monthly cost

$5,408/mo

Mortgage $4,841 · Tax $567

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,841/ monthly

loan $880,000

25-year amortization

down payment20% · $220,00020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 31, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $572,376
property transfer tax: $20,000; BC general rate
cash to close: $240,000; down + PTT
total paid: $1,452,376

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

location

lot outline: 353 m² (3,800 sq ft) · PID 011-224-291. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

New WestminsterGoogle Maps ↗

Rapid transit: 22nd Street SkyTrain station, 1.5 km (about 24 min walk); New Westminster SkyTrain station, 1.5 km (about 24 min walk).

schools

Catchment schools, New Westminster School District 40

Elementary Queen Elizabeth Elementaryhomes in this catchment
1.4 km away · 921 Salter St, New Westminster · 604-517-6080
Middle Queensborough Middle Schoolhomes in this catchment
1.1 km away · 833 Salter St, New Westminster · 604-517-6040
Secondary New Westminster Secondaryhomes in this catchment
2.5 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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