Property Type: Detached HouseOwnership: Freehold

341 SHERBROOKE STREET

New Westminster, BC V3L3M4

$1,599,000

5 bed2 bath3 parking2,360 sqftBuilt 1949
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
7,194 square feet
Frontage
54.6 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,852.79 (2025)

Interior

Basement
Finished, Unknown, Unknown
Heating
Forced air, Natural gas
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
3 — uncovered indicated
Features
RV

Listing Information

MLS®
R3106178
Listed
April 1, 2026
Time on market
On the market for 152 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RA Realty Alliance Inc. · Data source: CREA DDF.

Description

Developer and investor alert! Currently rented for $4500/month and operating as a daycare business. Newly renovated home on approx. 7,200 square ft lot with dual street access (Sherbrooke & Knox). Ideal for builders or investors. A great family home, the main floor features a spacious living room, 2 bedrooms , a full bathroom and dining room. Completely updated in 2026 with laminate flooring, new kitchen cabinets, and brand new appliances. The basement has a separate entrance and includes a suite with 2 additional bedrooms, living room, kitchen, and bathroom, plus an additional flexible bedroom that can be used by the owner or incorporated into the suite for tenants. Enjoy the privacy of the large backyard. Convenient location close to schools, parks, SkyTrain, hospital and Hwy 1. (id:63159)

Values & Trends

This listing

$678/sqft

Building average

No other active listings in this building

New Westminster average

$732/sqft

146 active listing(s)

Parking: 3 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

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

44

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:wechElementary345 m
Urban Academy Junior(Independent)Elementary800 m
Urban Academy Senior(Independent)K-12800 m
St. Michaels(Independent)Elementary908 m
Armstrong ElementaryElementary1.2 km
F W Howay ElementaryElementary1.2 km
Ecole Glenbrook Middle SchoolMiddle1.4 km
Cariboo Hill SecondarySecondary1.4 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 E Columbia St @ Sherbrooke St224 m
Westbound Hospital St @ Blair Ave227 m
Northbound E Columbia St @ Sherbrooke St236 m
Eastbound E 8th Ave @ Richmond St237 m
Eastbound Hospital St @ E Columbia St239 m

Nearby Places

Restaurants (5+)

  • Barcelos Flame Grilled Chicken · 408 East Columbia Street241 m
  • Proud Up Restaurant · 418 East Columbia Street245 m
  • Thai New West · 424 East Columbia Street256 m
  • Gino's Restaurant262 m
  • Bluefin Sushi · 319 East Columbia Street267 m

Cafes (5+)

  • Starbucks · 411 East Columbia Street213 m
  • Unnamed331 m
  • Fratelli · 459 East Columbia Street362 m
  • Corner Cafe382 m
  • Take Five Cafe · 202 East Columbia Street536 m

Grocery (1)

  • Save-On-Foods · 270 East Columbia Street508 m

Parks (4)

  • Sapperton Park144 m
  • Sunset Park231 m
  • Victory Heights Park688 m
  • Wesburnco Sports Courts790 m

Gyms (2)

  • 30 Minute Hit · 425 East Columbia Street228 m
  • Snap Fitness489 m

Pharmacies (5+)

  • The Medicine Shoppe · 413 East Columbia Street216 m
  • Lifecare Compounding Pharmacy · 408 East Columbia Street242 m
  • Columbia Prescription XPress · 317 East Columbia Street272 m
  • Indigo Pharmacy · 447 East Columbia Street305 m
  • Pure Integrative Pharmacy · 301 East Columbia Street339 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($319,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,279,200.00
Periodic payment — Principal & Interest (monthly)$8,252.96
Additional monthly expenses (strata, tax, utilities, etc.)$689.07
Total monthly cost$8,942.03
Interest paid over 5-yr term$366,622.40
Balance at end of term$1,150,644.54

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$319,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,836.60

Cash Needed at Closing

Minimum down payment$319,800
Estimated BC PTT$29,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$351,280

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