1 / 18

$479,888

501 740 HAMILTON STREET

New Westminster · MLS® R3127229

2 bed · 2 bath · 912 sq ft · 1 parking

Condo · Single Family · built 1974 · 136 days on market

Listed by JP Villanueva, eXp Realty

Welcome to this bright and spacious Uptown home! This 2-bedroom, 1.5-bath northwest corner unit offers a southwest exposure , filling the space with natural light. Enjoy an open balcony with beautiful city views, warm laminate flooring throughout, and a refreshed galley-style kitchen. Both bedrooms are generously sized, with the primary featuring a convenient 2-piece ensuite. Enjoy the strata's well-maintaned landscaped gardens and clubhouse, or step across the street to Moody Park. A convenient location just steps to bus stops, Lord Kelvin Elementary, New Westminster Secondary, Walmart, Save-On-Foods, restaurants, recreation, and Royal City Centre Shopping. Everything is within walking distance! Includes 1 parking stall and 1 storage locker.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 912 sq ft
Parking: 1
Year built: 1974
Property tax: $2,191 / yr
Strata fee: $662 / mo ($0.73 / sq ft)
Strata rules: Pets not Allowed
Days on market: 136
MLS®: R3127229

Below typical for the area (-18%)

2026 assessment: $473,100 · asking is +1.4%
Price per sq ft: $526 vs $642 median for condos in New Westminster for sale (342)
Last sold: $510,000 · Jul 17, 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.

Central location
Elevator
Wheelchair access
Pets not Allowed
Refrigerator
Dishwasher

On market 136 days

Listed now: 49 days; median for 342 condos for sale; this one 136 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$2,936/mo

Mortgage $2,091 · Tax $183 · Strata $662

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

estimated payment

$2,091/ monthly

loan $383,910

25-year amortization

down payment20% · $95,97820%+ 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: $243,337
property transfer tax: $7,598; BC general rate
cash to close: $103,575; down + PTT
total paid: $627,248

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: −$1,007/mo
Cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,091 · tax $183 · strata $662 · 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

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.

New WestminsterGoogle Maps ↗