Condo
$399,900
30% under assessed306 48 RICHMOND STREET
New Westminster16 days on market
MLS® R3168974
1 / 30
1 bed · 1 bath · 498 sq ft · 1 parking
Condo · Single Family · built 2015 · 53 days on market
Listed by Scotti Alto, Homelife Benchmark Realty Corp.
Realtor's description
Welcome to Trapp & Holbrook! Water Views!!!This beautifully refreshed 1-bedroom condo combines modern style with stunning Fraser River views from your private deck. . Featuring a brand-new kitchen, fresh paint, and almost 10-foot ceilings, the bright and spacious home is designed for comfortable, contemporary living. Enjoy panoramic river views from your living space, plus the convenience of your own parking stall with a water view and an included storage locker. Ideally located just a few blocks from SkyTrain, with shopping, restaurants, cafés and everyday amenities right at your fingertips. A fantastic opportunity to own in one of the area's most sought-after communities!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 498 sq ft
- Parking
- 1
- Year built
- 2015
- Property tax
- $2,025 / yr
- Strata fee
- $222 / mo ($0.45 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 53
- MLS®
- R3155659
Features
- Central location
- Elevator
- Pets Allowed
- All
Floor plans
Found among the listing photos.
Monthly cost
$2,190/mo
Mortgage $1,799 · Tax $169 · Strata $222
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
- −$712/mo
- Cap rate
- 3.2%
- yearly net rent ÷ price
Costs: mortgage $1,799 · tax $169 · strata $222 · 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
New WestminsterGoogle Maps ↗
Schools
Catchment schools, New Westminster School District 40
- Elementary Ecole Qayqayt Elementaryhomes in this catchment
800 m away · 85 Merivale St, New Westminster · 604-517-6050
- Middle Fraser River Middlehomes in this catchment
600 m away · 800 Queens Ave, New Westminster · 604-517-1800
- Secondary New Westminster Secondaryhomes in this catchment
2.2 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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