1 / 38

$499,000

702 1026 QUEENS AVENUE

New Westminster · MLS® R3154219

2 bed · 2 bath · 1,024 sq ft · 1 parking

Condo · Single Family · built 1985 · 58 days on market

Listed by Marty Majerski, RE/MAX Select Realty

Wow, INCREDIBLE VALUE! Extremely SPACIOUS 2-bed, 2-bath CORNER UNIT, just a short walk to the New West QUAY & the SKYTRAIN! This very well cared for home features an oversized main living space, allowing for full sized living room furniture in a variety of configurations; a dedicated dining room area that can double as a home office; 2 good sized bedrooms located on OPPOSITE SIDES of the unit, for maximum privacy; and a large, FULLY COVERED BALCONY. Amara Terrace offers great amenities, including an OUTDOOR POOL and GYM/GAMES ROOM. Located just a short walk to COLUMBIA SQUARE PLAZA, with Save-On-Foods, Pharmasave, TD, BMO, Starbucks, BCL, Boston Pizza, more. Over $800k in Contingency Reserve, new elevators & new parkade membrane.

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,024 sq ft
Parking: 1
Year built: 1985
Property tax: $2,405 / yr
Strata fee: $809 / mo ($0.79 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 58
MLS®: R3154219

Buying in a building from 1982 to 2000: what to read first

Below typical for the area (-24%)

Price per sq ft: $487 vs $642 median for condos in New Westminster for sale (342)

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
Private setting
Elevator
Pets Allowed With Restrictions

On market 58 days

Listed now: 48 days; median for 342 condos for sale; this one 58 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$3,184/mo

Mortgage $2,174 · Tax $200 · Strata $809

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

estimated payment

$2,174/ monthly

loan $399,200

25-year amortization

down payment20% · $99,80020%+ 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: $253,029
property transfer tax: $7,980; BC general rate
cash to close: $107,780; down + PTT
total paid: $652,229

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: −$1,256/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,174 · tax $200 · strata $809 · 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 ↗