$424,900
602 125 Columbia Street
New Westminsterlisted today
listed by Keller Williams Bold Realty
MLS® R3178776
508 610 Victoria Street
111
691 sq ft · Condo · Single Family · built 2007 · 6 days on market
listed by Cindy Gering, RE/MAX All Points Realty
Open house · Saturday, October 31
realtor's description
OPEN HOUSE Saturday Oct31st 230-430PM! 1 BEDROOM + DEN under $450,000 in an INCREDIBLE location! Welcome to The Point, a quality CONCRETE high-rise in the HEART of Downtown New Westminster. This freshly painted 1 BDRM + DEN offers a fantastic layout, NEW hardwood flooring throughout & a covered deck. Spacious living/dining area with electric fireplace, plus a well-appointed kitchen with S/S appliances, plenty of cabinetry & counter space. Enjoy RESORT-STYLE amenities including an indoor lap pool, hot tub, sauna, theatre, social lounge & fully equipped gym. PRIME location steps to SkyTrain, shopping, restaurants, parks, pubs & Douglas College. 2 PETS OK! 1 secure U/G parking + visitor parking. (DEN could be a BDRM)
property details
- type
- Condo, Single Family
- bedrooms
- 1
- bathrooms
- 1
- living area
- 691 sq ft
- parking
- 1
- year built
- 2007
- property tax
- $2,182 / yr
- strata fee
- $392 / mo ($0.57 / sq ft)
- strata rules
- Pets Allowed With Restrictions
- days on market
- 6
- MLS®
- R3177236
features
- Central location
- Elevator
- Wheelchair access
- Pets Allowed With Restrictions
- All
floor plans
found among the listing photos.
monthly cost
$2,508/mo
Mortgage $1,934 · Tax $182 · Strata $392
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
- $1,890/mo
- after all costs
- −$804/mo
- cap rate
- 3.1%
- yearly net rent ÷ price
Costs: mortgage $1,934 · tax $182 · strata $392 · 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.
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
schools
Catchment schools, New Westminster School District 40
- Elementary Ecole Qayqayt Elementaryhomes in this catchment
600 m away · 85 Merivale St, New Westminster · 604-517-6050
- Middle Fraser River Middlehomes in this catchment
500 m away · 800 Queens Ave, New Westminster · 604-517-1800
- 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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