508 320 ROYAL AVENUE
New Westminster · MLS® R3163310
1 bed · 1 bath · 507 sq ft · 1 parking
Condo · Single Family · built 1975 · 28 days on market
Listed by Thomas Ungerer, Stonehaus Realty Corp.
Realtor's description
Bright and Surprisingly spacious 1-bed home with a stellar south-facing view. Smartly laid out and beautifully maintained, this 488 sqft suite offers a clean feel with great natural light throughout. Enjoy a generous balcony for sunny mornings and summer evenings. The concrete building has undergone major updates; elevators, roof, boilers, exterior paint, deck membrane, and refreshed amenities offering exceptional peace of mind. One parking stall and a storage locker complete the package. Move-in ready and perfectly located near parks, shops, SkyTrain, and Douglas College. Strata fee includes HEAT & HOT WATER. Schedule your private viewing today!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 507 sq ft
- Parking
- 1
- Year built
- 1975
- Property tax
- $1,610 / yr
- Strata fee
- $328 / mo ($0.65 / sq ft)
- Strata rules
- Pets Allowed, Rentals Allowed With Restrictions
- Days on market
- 28
- MLS®
- R3163310
Features
- Central location
- Elevator
- Pets Allowed
- Rentals Allowed With Restrictions
- Refrigerator
- Stove
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
- −$399/mo
- Cap rate
- 3.8%
- yearly net rent ÷ price
Costs: mortgage $1,416 · tax $134 · strata $328 · 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
200 m away · 85 Merivale St, New Westminster · 604-517-6050
- Middle Ecole Glenbrook Middle Schoolhomes in this catchment
1.5 km away · 701 Park Cres, New Westminster · 604-517-5940
- Secondary New Westminster Secondaryhomes in this catchment
2.0 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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