402 245 ROSS DRIVE
New Westminster · MLS® R3150979
1 bed · 1 bath · 660 sq ft · 1 parking
Condo · Single Family · built 2008 · 70 days on market
Listed by Michael Sheldrake, RE/MAX All Points Realty
Realtor's description
Top floor, tall ceilings & a green outlook. This is an easy place to settle into. This move-in-ready 660 square ft 1 bed at The Grove has well-sized rooms, an open-concept kitchen & a dramatic 13' living-room vaulted ceiling that makes the home feel airy and spacious. No one lives above you. Step onto the balcony for a peaceful green exposure. Residents also enjoy access to the Boiler House, the complex´s impressive amenity building with a gym, theatre, games room, lounge, library, outdoor patio & basketball court. Includes 1 secure underground parking stall plus underground visitor parking. Bring your cat or dog (no size restriction).
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 660 sq ft
- Parking
- 1
- Year built
- 2008
- Property tax
- $2,330 / yr
- Strata fee
- $433 / mo ($0.66 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 70
- MLS®
- R3150979
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
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
- $1,645/mo
- After all costs
- −$1,109/mo
- Cap rate
- 2.3%
- yearly net rent ÷ price
Costs: mortgage $1,960 · tax $194 · strata $433 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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
Schools
Catchment schools, New Westminster School District 40
- Elementary Ecole Qayqayt Elementaryhomes in this catchment
800 m away · 85 Merivale St, New Westminster · 604-517-6050
- Middle Fraser River Middlehomes in this catchment
1.7 km away · 800 Queens Ave, New Westminster · 604-517-1800
- Secondary New Westminster Secondaryhomes in this catchment
2.2 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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