505 310 Salter Street

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

rent

$3,230/mo

after all costs

−$3,258/mo

cap rate

1.8%

yearly net rent ÷ price

Costs: mortgage $5,032 · tax $484 · strata $680 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 3+ bedroom in New Westminster: CMHC's average there ($2,733) raised by what new tenants pay against everyone in the Vancouver area, then down 3.5% 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: New Westminster SkyTrain station, 1.7 km (about 26 min walk); 22nd Street SkyTrain station, 1.9 km (about 29 min walk).

2026 assessment

$1,108,000 · asking is +4.2%

price per sq ft

$676 vs $642 median for condos in New Westminster for sale (341)

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.

Estimated tax down 8.5% from 2025 to 2026.

The listing shows $5,804 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 207 days

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

the building's lot: 6,628 m² (71,343 sq ft) · PID 031-984-339. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Rapid transit: New Westminster SkyTrain station, 1.7 km (about 26 min walk); 22nd Street SkyTrain station, 1.9 km (about 29 min walk).