Property Type: Condo / ApartmentOwnership: Freehold / Strata

309 48 RICHMOND STREET

New Westminster, BC V3L5P4

$559,000

1 bed1 bath1 parking868 sqftBuilt 1992
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Amenities

Also listed: Guest Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Freehold / Strata
Strata / maintenance fee
$447/mo
Annual property tax
$2,570.39 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1

Restrictions & Policies

Pets
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®
R3135315
Listed
June 15, 2026
Time on market
On the market for 77 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Sutton Group Seafair Realty · Data source: CREA DDF.

Description

**LARGE TOP FLOOR 1-Bedroom Condo with View** Discover this SPACIOUS beautifully maintained one-bedroom condo offering VIEWS of the Fraser River & mountains. The expansive kitchen features ample counter space, newer appliances, double sink & beautiful quartz countertops (matching quartz in bathroom too!) The primary bedroom is generously sized, easily accommodating a king-size bed, and boasts extensive closet space with custom organizers, including convenient pull-outs. Additional perks include a LARGE storage locker, covered/gated boat & RV parking and a guest suite for visitors. Located just steps away from Sapperton Landing Park & Skytrain at the Brewery District, This is a gem you don't want to miss! (id:63159)

Values & Trends

This listing

$644/sqft

Building average

$532/sqft

3 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

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

37

5/9 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:wechElementary1.1 km
Ecole Glenbrook Middle SchoolMiddle1.2 km
Ecole Qayqayt ElementaryElementary1.2 km
PALS Autism Society (School Program)(Independent)K-121.3 km
Herbert Spencer ElementaryElementary1.3 km
F W Howay ElementaryElementary1.5 km
Purpose Independent Secondary School(Independent)Secondary1.7 km
Urban Academy Junior(Independent)Elementary1.7 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 Richmond St @ Miner St97 m
Northbound Richmond St @ Miner St120 m
Northbound Jamieson Court @ Richmond St144 m
Southbound E Columbia St @ Richmond St190 m
Southbound Richmond St @ Seymour Court328 m

Nearby Places

Restaurants (2)

  • L'Onore Pizza · 28 East Royal Avenue373 m
  • Victoria Sushi · 15 East Royal Avenue486 m

Cafes (3)

  • Mira Caffe · 28 East Royal Avenue355 m
  • Greens & Beans Deli · 143 East Columbia Street627 m
  • Take Five Cafe · 202 East Columbia Street763 m

Grocery (1)

  • Save-On-Foods · 270 East Columbia Street796 m

Parks (5+)

  • Unnamed199 m
  • Victoria Hill Park389 m
  • Glenbrook Ravine Park422 m
  • Woodlands Memorial Garden458 m
  • Unnamed468 m

Banks & ATMs (1)

  • Bitcoin ATM Localcoin · 15 East Royal Avenue485 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 5.5% ($30,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$447,200.00
Periodic payment — Principal & Interest (monthly)$2,885.18
Additional monthly expenses (strata, tax, utilities, etc.)$704.29
Total monthly cost$3,589.47
Interest paid over 5-yr term$128,168.81
Balance at end of term$402,257.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,060.90

Cash Needed at Closing

Minimum down payment$30,900
Estimated BC PTT$9,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,580

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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