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$699,000

316 14 E ROYAL AVENUE

New Westminster · MLS® R3161274

2 bed · 2 bath · 1,106 sq ft · 2 parking

Condo · Single Family · built 2005 · 34 days on market

Listed by Kellie Vallee, RE/MAX All Points Realty

Outstanding river & mountain view from this gorgeous South facing 2 bed + 2 bath, 1106 sf, 3rd floor suite in Victoria Hill close to Skytrain, transit, Queens Park, shopping, restaurants, cafes & recreation. This beautiful suite features open floorplan, 9' celings, spacious room sizes, kitchen with granite counters, stainless steel appliances, GAS stove (included in the maintenance fees) , electric FP, huge wrap around covered deck with views, 2 bdrm split layout with large closets & 2 full ensuite baths. Roof replaced in 2024/2025 & BRAND NEW Hot Water Tank. 2 side-by-side parking stalls & large storage locker. Great building with fully equipped gym, social room, library, billiards room & guest suite. Fantastic place to call home!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,106 sq ft
Parking: 2
Year built: 2005
Property tax: $3,487 / yr
Strata fee: $524 / mo ($0.47 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 34
MLS®: R3161274

Typical for the area (-1.5%)

Price per sq ft: $632 vs $642 median for condos in New Westminster for sale (342)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Central location
Pets Allowed With Restrictions
All

On market 34 days

Listed now: 48 days; median for 342 condos for sale; this one 34 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,860/mo

Mortgage $3,045 · Tax $291 · Strata $524

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,045/ monthly

loan $559,200

25-year amortization

down payment20% · $139,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $354,443
property transfer tax: $11,980; BC general rate
cash to close: $151,780; down + PTT
total paid: $913,643

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,134/mo
After all costs: −$1,932/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,045 · tax $291 · strata $524 · 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

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