Property Type: Condo / ApartmentOwnership: Strata

305 466 E EIGHTH AVENUE

New Westminster, BC V3L4L2

$389,000

1 bed1 bath1 parking642 sqftBuilt 1975
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Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$466/mo
Annual property tax
$1,674.03 (2025)

Interior

Heating
Hot Water
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3154735
Listed
August 11, 2026
Time on market
On the market for 20 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Hugh & McKinnon Realty Ltd. · Data source: CREA DDF.

Description

Welcome to your fully renovated condo at Park Villa! This beautifully updated home features brand-new appliances and stylish, modern finishes throughout, offering a move-in-ready living experience. Conveniently located just minutes from Braid SkyTrain Station in New Westminster, this centrally situated home provides easy access to shopping, Royal Columbian Hospital, Skwo:wech Elementary School, Hume Park, the New Westminster Quay Market, and many other everyday amenities. Whether you're a first-time buyer, downsizer, or investor, this exceptional location combines comfort, convenience, and connectivity. Poly-B currently being replaced in the building. Maintenance fee includes use of shared laundry facility. Some photos virtually staged. Quick Possession Possible. (id:63159)

Values & Trends

This listing

$606/sqft

Building average

$554/sqft

1 active listing(s)

New Westminster average

$671/sqft

376 active listing(s)

Parking: 1 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.

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

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

52

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:wechElementary598 m
St. Michaels(Independent)Elementary607 m
Urban Academy Junior(Independent)Elementary678 m
Urban Academy Senior(Independent)K-12678 m
Armstrong ElementaryElementary1.1 km
F W Howay ElementaryElementary1.3 km
Cariboo Hill SecondarySecondary1.4 km
Ecole Glenbrook Middle SchoolMiddle1.6 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 @ Buchanan Ave53 m
Westbound E 8th Ave @ Buchanan Ave109 m
Westbound Braid St @ E Columbia St136 m
Southbound E Columbia St @ Braid St173 m
Northbound E Columbia St @ Cedar St192 m

Nearby Places

Restaurants (5+)

  • Sushi Heaven · 457 East Columbia Street168 m
  • Chen's Garden · 441 East Columbia Street191 m
  • Gino's Restaurant214 m
  • Bruncheria · 502 East Columbia Street242 m
  • Thai New West · 424 East Columbia Street287 m

Cafes (5+)

  • Fratelli · 459 East Columbia Street164 m
  • Starbucks · 411 East Columbia Street304 m
  • Unnamed595 m
  • Corner Cafe656 m
  • Season's Apple Café · 8699 Tenth Avenue776 m

Grocery (1)

  • Save-On-Foods · 270 East Columbia Street783 m

Parks (5+)

  • Sunset Park246 m
  • Sapperton Park401 m
  • Hume Park600 m
  • Cariboo Park692 m
  • Victory Heights Park699 m

Gyms (2)

  • 30 Minute Hit · 425 East Columbia Street259 m
  • Snap Fitness728 m

Pharmacies (5+)

  • Indigo Pharmacy · 447 East Columbia Street183 m
  • The Medicine Shoppe · 413 East Columbia Street297 m
  • Lifecare Compounding Pharmacy · 408 East Columbia Street337 m
  • Columbia Prescription XPress · 317 East Columbia Street513 m
  • Pure Integrative Pharmacy · 301 East Columbia Street605 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$311,200.00
Periodic payment — Principal & Interest (monthly)$2,007.76
Additional monthly expenses (strata, tax, utilities, etc.)$637.12
Total monthly cost$2,644.88
Interest paid over 5-yr term$89,190.81
Balance at end of term$279,925.41

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,841.71

Cash Needed at Closing

Minimum down payment$19,450
Estimated BC PTT$5,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,730

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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