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$1,688,000

370 HOSPITAL STREET

New Westminster · MLS® R3114333

4 bed · 2 bath · 1,855 sq ft · 8,660 sq ft lot · 2 parking

House · Single Family · built 1947 · 171 days on market

Listed by Brian Lai, Royal Pacific Realty (Kingsway) Ltd.

Realtor's description

Investor/Developer Alert! Great opportunity with this spacious 4-bedroom single-family home situated on a rare, oversized 8,660 sq.ft lot. Double the size of most lots in the area! Whether you're looking to move in, hold, or build, the potential is limitless. The lot offers possible options for subdivision or redevelopment-buyer to make inquiries with the city for further details. Enjoy a large, fully fenced backyard perfect for privacy and outdoor activities. Located on a quiet street in a highly sought-after neighborhood, this property is just steps from the brand-new Skwo:wech Elementary School and bus routes. Within walking distance to shopping, restaurants, Royal Columbian Hospital, and Skytrain. Don't miss out on this prime investment opportunity.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 1,855 sq ft
Lot: 8,660 sq ft
Parking: 2
Year built: 1947
Property tax: $8,547 / yr
Days on market: 171
MLS®: R3114333

Features

Price check

2026 assessment: $2,054,000 · asking is -18%
Price per sq ft: $910 vs $626 median for houses in New Westminster for sale (172)
Last sold: $1,588,000 · Jun 7, 2023

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.

Property insights

On market 171 days · no price changes so far

The market here

Listed now: 62 days; median for 176 houses for sale; this one 171 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,054,000	$9,845

The listing shows $8,547 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

$8,067/mo

Mortgage $7,354 · Tax $712

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

estimated payment

$7,354/ monthly

loan $1,350,400

25-year amortization

down payment20% · $337,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $855,936
property transfer tax: $31,760; BC general rate
cash to close: $369,360; down + PTT
total paid: $2,206,336

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.

Location

Lot outline: 806 m² (8,676 sq ft) · PID 011-335-823. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

New WestminsterGoogle Maps ↗

Location

New WestminsterGoogle Maps ↗

Schools

Catchment schools, New Westminster School District 40

Elementary Skwo:wech Elementaryhomes in this catchment
200 m away · 331 Richmond St, New Westminster · 604-517-6090
Middle Ecole Glenbrook Middle Schoolhomes in this catchment
1.2 km away · 701 Park Cres, New Westminster · 604-517-5940
Secondary New Westminster Secondaryhomes in this catchment
2.6 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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