420 55 Eighth Avenue

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

rent

$1,890/mo

after all costs

−$974/mo

cap rate

2.7%

yearly net rent ÷ price

Costs: mortgage $2,000 · tax $213 · strata $464 · 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.

Rapid transit: Sapperton SkyTrain station, 1.9 km (about 29 min walk); Columbia SkyTrain station, 1.9 km (about 30 min walk).

Estimated tax up 3.5% from 2025 to 2026.

The listing shows $2,560 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.

listed now

47 days

median for 341 condos for sale; this one 54 days

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

the building's lot: 2,607 m² (28,061 sq ft) · PID 029-112-354. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Rapid transit: Sapperton SkyTrain station, 1.9 km (about 29 min walk); Columbia SkyTrain station, 1.9 km (about 30 min walk).