Property Type: Condo / ApartmentOwnership: Strata

302 723 TWELFTH STREET

New Westminster, BC V3M4J8

$262,000

1 bed1 bath0 parking676 sqftBuilt 1995
Get Directions

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$338/mo
Annual property tax
$2,046.71 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
0 — uncovered indicated
Features
Underground

Listing Information

MLS®
R3131691
Listed
June 3, 2026
Time on market
On the market for 89 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Real Estate Services · Data source: CREA DDF.

Description

Welcome to this cozy, self-managed building in the desirable Moody Park Neighbourhood of New Westminster. This one-bedroom, one-bathroom unit boasts a generous private patio offering private outdoor space. Ideally situated, the building is just moments from transit, schools, shopping, and recreational facilities. This is a fantastic opportunity to own and invest in a prime, central location. This unit needs some drywall work and painting done, and this is a strata rental building. (id:63159)

Values & Trends

This listing

$388/sqft

Building average

$529/sqft

2 active listing(s)

New Westminster average

$672/sqft

376 active listing(s)

Parking: Not indicatedStorage 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.

Apartment Market Stats — New Westminster

Monthly figures from the Fraser Valley Real Estate Board for New Westminster apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$582,400

Jul 2026

Average Sale Price

$573,877

Jul 2026

Monthly Sales

61

Jul 2026

Active Listings

387

Jul 2026

Sales-to-Active Ratio

16.0%

Jul 2026

Median Days to Contract

35 days

Jul 2026

MLS® HPI Benchmark Price

$671,100
$561,200
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Nearest station: Vancouver

Clear

15°C

Clear

Humidity 100%

Wind NW 5 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

67

8/9 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
Lord Kelvin ElementaryElementary267 m
Our Lady of Mercy(Independent)Elementary523 m
St. Thomas More Collegiate(Independent)Secondary644 m
Twelfth Avenue ElementaryElementary780 m
SigmaSecondary784 m
Lord Tweedsmuir ElementaryElementary828 m
New Westminster SecondarySecondary990 m
John Knox Christian - Secondary Campus(Independent)K-121.0 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
Southbound 12 St @ 8th Ave48 m
Eastbound 8th Ave @ 12 St72 m
Westbound 8th Ave @ 12 St82 m
Northbound 12 St @ 8th Ave115 m
Northbound 12 St @ 7th Ave119 m

Nearby Places

Restaurants (5+)

  • Pho 9963 m
  • D Roti Shak · 808 Twelfth Street120 m
  • Wild Thyme · 705 Twelfth Street124 m
  • Amelia Restaurant166 m
  • Ole Ole Mexican Deli · 831 Twelfth Street212 m

Cafes (5+)

  • Sago To Go · 813 Twelfth Street139 m
  • Happy Mom's Cafe · 821 Twelfth Street161 m
  • Kamini's Corner Cafe · 909 Twelfth Street343 m
  • You N Me' Cafe · 921 Twelfth Street419 m
  • Connections Café563 m

Grocery (3)

  • Gospa's Delightful Food · 718 Twelfth Street33 m
  • Langley Farm Market · 7815 Kingsway681 m
  • Save-On-Foods765 m

Parks (3)

  • Moody Park487 m
  • Riverside Adventure Park589 m
  • Mary Avenue Park691 m

Shopping (1)

  • Walmart742 m

Gyms (1)

  • Anytime Fitness710 m

Pharmacies (1)

  • PharmaChoice · 866 Twelfth Street296 m

Banks & ATMs (1)

  • Community Savings Credit Union63 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,100) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$209,600.00
Periodic payment — Principal & Interest (monthly)$1,352.27
Additional monthly expenses (strata, tax, utilities, etc.)$542.56
Total monthly cost$1,894.83
Interest paid over 5-yr term$60,071.96
Balance at end of term$188,535.88

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,100
Stress test qualifying rate8.09%
Payment you must qualify for$1,913.95

Cash Needed at Closing

Minimum down payment$13,100
Estimated BC PTT$3,240
Legal / closing costs (typical estimate)$1,500
Total cash needed$17,840

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.

Request more information