Condo
$559,000
1005 280 ROSS DRIVE
New Westminster44 days on market
MLS® R3159116
1 / 23
2 bed · 2 bath · 788 sq ft · 1 parking
Condo · Single Family · built 2007 · 109 days on market
Listed by Brian Lim, Team 3000 Realty Ltd.
Realtor's description
The price drop from $628000 valuation is a golden opportunity before market pick up. DON'T MISS this Gorgeous, Corner and Spacious 2 bedrooms,2 bathrooms, den and a oversized balcony with a view of the Fraser River in concrete hi-rise. Single Ownership. Comes with 1 parking & 1 locker. Steps from Douglas College, Skytrain and Shopping. All measurements are approximate, buyer to verify.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 788 sq ft
- Parking
- 1
- Year built
- 2007
- Property tax
- $2,584 / yr
- Strata fee
- $525 / mo ($0.67 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 109
- MLS®
- R3138221
Features
- Central location
- Elevator
- Pets Allowed
- All
Monthly cost
$3,158/mo
Mortgage $2,418 · Tax $215 · Strata $525
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
- $2,134/mo
- After all costs
- −$1,230/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $2,418 · tax $215 · strata $525 · 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
Location
New WestminsterGoogle Maps ↗
Schools
Catchment schools, New Westminster School District 40
- Elementary Ecole Qayqayt Elementaryhomes in this catchment
1000 m away · 85 Merivale St, New Westminster · 604-517-6050
- Middle Fraser River Middlehomes in this catchment
200 m away · 800 Queens Ave, New Westminster · 604-517-1800
- Secondary New Westminster Secondaryhomes in this catchment
1.9 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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