Property Type: Detached HouseOwnership: Freehold

342 E EIGHTH AVENUE

New Westminster, BC V3L4K8

$1,250,000

6 bed3 bath4 parking3,207 sqftBuilt 1912
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Property Details

Property & Lot

Sub-type
House
Style
2 Level
Lot size
4,356 square feet
Frontage
33 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,939.4 (2026)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air, Natural gas
Fireplace
None
Appliances
All

Building

Parcel ID (PID)
003-066-096

Parking

Total spaces
4

Listing Information

MLS®
R3156493
Listed
August 17, 2026
Time on market
On the market for 14 days
Tax assessment year
2026
Data last synced
August 30, 2026

Listing provided by: Sutton Group-West Coast Realty · Data source: CREA DDF.

Description

Charming 1912 character home with sweeping Fraser River & mountain views! This spacious 3-level home offers 6 bedrooms and 3 bathrooms, with 2 bedrooms on each floor, including a 2-bedroom suite ideal as a mortgage helper. Enjoy the impressive 400 sq. ft. rear deck with stunning 180-degree southeast-facing views. Updates include a renovated kitchen with stainless steel appliances and granite counters, updated bathrooms, flooring, plumbing, electrical, furnace and roof. Recent improvements include a new cement walkway, main-floor tub and tile, new rear deck railings, stairs and Duradek, retaining wall and fencing, several new windows and patio door, tenant-suite washer/dryer and upstairs vanity. A versatile home with character, space and income potential! (id:63159)

Values & Trends

This listing

$390/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

44

7/9 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:wechElementary223 m
St. Michaels(Independent)Elementary881 m
Armstrong ElementaryElementary896 m
F W Howay ElementaryElementary935 m
Urban Academy Junior(Independent)Elementary1.1 km
Urban Academy Senior(Independent)K-121.1 km
Cariboo Hill SecondarySecondary1.2 km
Ecole Glenbrook Middle SchoolMiddle1.2 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
Westbound E 8th Ave @ Richmond St85 m
Westbound E 8th Ave @ Cherry St142 m
Eastbound E 8th Ave @ Richmond St204 m
Eastbound E 8th Ave @ Chilliwack St233 m
Westbound Hospital St @ Blair Ave270 m

Nearby Places

Restaurants (5+)

  • Gino's Restaurant509 m
  • Chen's Garden · 441 East Columbia Street511 m
  • Proud Up Restaurant · 418 East Columbia Street527 m
  • Barcelos Flame Grilled Chicken · 408 East Columbia Street529 m
  • Thai New West · 424 East Columbia Street530 m

Cafes (5+)

  • Starbucks · 411 East Columbia Street498 m
  • Season's Apple Café · 8699 Tenth Avenue523 m
  • Fratelli · 459 East Columbia Street561 m
  • Unnamed580 m
  • Corner Cafe616 m

Grocery (1)

  • Save-On-Foods · 270 East Columbia Street726 m

Parks (5+)

  • Sunset Park187 m
  • Victory Heights Park402 m
  • Sapperton Park428 m
  • Wesburnco Sports Courts495 m
  • Cariboo Park652 m

Gyms (2)

  • 30 Minute Hit · 425 East Columbia Street498 m
  • Snap Fitness743 m

Pharmacies (5+)

  • The Medicine Shoppe · 413 East Columbia Street498 m
  • Indigo Pharmacy · 447 East Columbia Street530 m
  • Lifecare Compounding Pharmacy · 408 East Columbia Street531 m
  • Columbia Prescription XPress · 317 East Columbia Street546 m
  • Pharmasave · 8697 East Tenth Avenue552 m

Banks & ATMs (1)

  • Scotiabank · 8691 Tenth Avenue560 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($100,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,000,000.00
Periodic payment — Principal & Interest (monthly)$6,451.66
Additional monthly expenses (strata, tax, utilities, etc.)$654.95
Total monthly cost$7,106.61
Interest paid over 5-yr term$286,602.87
Balance at end of term$899,503.23

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$100,000
Stress test qualifying rate8.09%
Payment you must qualify for$8,843.10

Cash Needed at Closing

Minimum down payment$100,000
Estimated BC PTT$23,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$124,500

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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