Property Type: Detached HouseOwnership: Freehold

240 E EIGHTH AVENUE

New Westminster, BC V3L4K2

$1,335,000

4 bed3 bath4 parking3,034 sqftBuilt 1952
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Property Details

Property & Lot

Sub-type
House
Style
Bungalow
Lot size
5,982 square feet
Frontage
49.1 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,964.4 (2026)

Interior

Basement
Finished, Full, Unknown
Heating
Forced air, Natural gas
Fireplace
Yes (2)
Appliances
All

Exterior & Lot

View
View
Lot features
Central location

Building

Parcel ID (PID)
000-475-963

Parking

Total spaces
4 — uncovered indicated
Features
RV

Listing Information

MLS®
R3147576
Listed
July 17, 2026
Time on market
On the market for 45 days
Tax assessment year
2026
Data last synced
August 31, 2026

Listing provided by: RE/MAX All Points Realty · Data source: CREA DDF.

Description

OPPORTUNITY in The Heights awaits you. Surprisingly quiet over 3000 square ft home inside with its double windows & Views that will blow your mind. Larger home than the rest at this very affordable price, move in condition, and with potential income to help with those mortgage payments. Enjoy the carpeting over hard wood floors, wood burning fireplace in living room, bright dining room opening up into lovely vaulted ceiling family room with wall to wall windows and sliding patio doors to capture the gorgeous views. Nicely appointed large kitchen with wood cabinets. Principle bedroom with 3 piece ensuite & new carpet. 2nd bedroom is even larger. Full height walk out bsmt with income potential, plus recroom & fireplace, workshop & shared laundry. Fenced back yard for your pets & kids. (id:63159)

Values & Trends

This listing

$440/sqft

Building average

No other active listings in this building

New Westminster average

$734/sqft

146 active listing(s)

Parking: 4 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Detached (House) Market Stats — New Westminster

Monthly figures from the Fraser Valley Real Estate Board for New Westminster detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,384,300

Jul 2026

Average Sale Price

$1,457,269

Jul 2026

Monthly Sales

13

Jul 2026

Active Listings

161

Jul 2026

Sales-to-Active Ratio

8.0%

Jul 2026

Median Days to Contract

18 days

Jul 2026

MLS® HPI Benchmark Price

$1,650,000
$1,376,300
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Vancouver

Clear

17°C

Clear

Humidity 100%

Wind WNW 13 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

78,916

(2021 Census)

+11.2% since 2016

Density: 5,052.2/km²

Dwellings: 37,737

Median household income: $82,000

After-tax: $72,500

Immigrant population: 37.5%

Top countries of origin (% of total population)

  • Philippines6.4% · 5,050
  • India4% · 3,135
  • China3.6% · 2,880
  • United Kingdom1.6% · 1,285
  • Hong Kong1.6% · 1,250
  • Korea, South1.4% · 1,085
  • United States of America1% · 785
  • Taiwan0.9% · 725

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

30

6/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Skwo:wechElementary242 m
F W Howay ElementaryElementary653 m
Ecole Glenbrook Middle SchoolMiddle901 m
Armstrong ElementaryElementary907 m
Cariboo Hill SecondarySecondary1.0 km
St. Michaels(Independent)Elementary1.1 km
John Knox Christian - Elementary Campus(Independent)Elementary1.2 km
Herbert Spencer ElementaryElementary1.3 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Eastbound E 8th Ave @ Chilliwack St82 m
Westbound E 8th Ave @ William St142 m
Westbound E 8th Ave @ Cherry St176 m
Eastbound E 8th Ave @ York St278 m
Westbound E 8th Ave @ York St332 m

Nearby Places

Restaurants (4)

  • Sushi Box · 8671 Tenth Avenue491 m
  • Nam Vegan Express · 8681 East Tenth Avenue507 m
  • Bluefin Sushi · 319 East Columbia Street744 m
  • Barcelos Flame Grilled Chicken · 408 East Columbia Street796 m

Cafes (4)

  • Season's Apple Café · 8699 Tenth Avenue519 m
  • Unnamed745 m
  • Corner Cafe757 m
  • Starbucks · 411 East Columbia Street770 m

Parks (5+)

  • Wesburnco Sports Courts365 m
  • Victory Heights Park400 m
  • Sunset Park500 m
  • Unnamed621 m
  • Sapperton Park656 m

Gyms (3)

  • Axe Capoeira New Westminster · 65 E Sixth Ave650 m
  • Survivor Fitness · 825 McBride Boulevard712 m
  • 30 Minute Hit · 425 East Columbia Street781 m

Pharmacies (5+)

  • Pharmasave · 8697 East Tenth Avenue550 m
  • Columbia Prescription XPress · 317 East Columbia Street745 m
  • Pure Integrative Pharmacy · 301 East Columbia Street746 m
  • The Medicine Shoppe · 413 East Columbia Street772 m
  • Lifecare Compounding Pharmacy · 408 East Columbia Street797 m

Banks & ATMs (1)

  • Scotiabank · 8691 Tenth Avenue544 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($108,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,068,000.00
Periodic payment — Principal & Interest (monthly)$6,890.37
Additional monthly expenses (strata, tax, utilities, etc.)$732.37
Total monthly cost$7,622.74
Interest paid over 5-yr term$306,091.87
Balance at end of term$960,669.45

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$108,500
Stress test qualifying rate8.09%
Payment you must qualify for$9,431.36

Cash Needed at Closing

Minimum down payment$108,500
Estimated BC PTT$24,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$134,700

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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