Property Type: Detached HouseOwnership: Freehold

39 E EIGHTH AVENUE

New Westminster, BC V3L4J4

$2,511,750

7 bed3 bath4 parking3,230 sqftBuilt 1967
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Property Details

Property & Lot

Sub-type
House
Lot size
8,930.04 square feet
Frontage
84.9 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,663.18 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air
Fireplace
None

Parking

Total spaces
4 — covered indicated
Features
Garage

Listing Information

MLS®
R3146439
Listed
July 15, 2026
Time on market
On the market for 47 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Stonehaus Realty Corp. · Data source: CREA DDF.

Description

Prime Land Assembly Opportunity! An exceptional opportunity to acquire a strategic land assembly poised for redevelopment. Currently zoned RGO-A, this offering provides significant scale and an efficient footprint ideal for developers looking to maximize yield. Positioned on a quiet, accessible street with excellent frontage, this site offers the perfect balance of residential appeal and urban convenience. The contiguous parcels offer favorable topography to streamline construction, while existing structures provide holding income potential during the planning phases. Located minutes from everyday amenities, green spaces, and commuter routes. (id:63159)

Values & Trends

This listing

$778/sqft

Building average

No other active listings in this building

New Westminster average

$732/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

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

59

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
F W Howay ElementaryElementary307 m
Ecole Glenbrook Middle SchoolMiddle317 m
Herbert Spencer ElementaryElementary713 m
John Knox Christian - Elementary Campus(Independent)Elementary766 m
Skwo:wechElementary846 m
Cariboo Hill SecondarySecondary1.1 km
Armstrong ElementaryElementary1.2 km
Second Street Community ElementaryElementary1.3 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 @ McBride Blvd78 m
Westbound E 8th Ave @ Cumberland St133 m
Southbound Cumberland St @ E 8th Ave187 m
Eastbound E 8th Ave @ Cumberland St209 m
Westbound 8th Ave @ McBride Blvd241 m

Nearby Places

Restaurants (1)

  • Annie Hill Cafe384 m

Cafes (2)

  • Starbucks258 m
  • Good Neighbour Caffè · 718 Second Street720 m

Grocery (1)

  • Safeway312 m

Parks (5+)

  • Unnamed63 m
  • Unnamed151 m
  • Unnamed528 m
  • Unnamed536 m
  • Cumberland Park554 m

Shopping (1)

  • Royal Square292 m

Gyms (2)

  • Survivor Fitness · 825 McBride Boulevard101 m
  • Axe Capoeira New Westminster · 65 E Sixth Ave289 m

Banks & ATMs (1)

  • GVC Credit Union292 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($502,350) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,009,400.00
Periodic payment — Principal & Interest (monthly)$12,963.97
Additional monthly expenses (strata, tax, utilities, etc.)$800.60
Total monthly cost$13,764.57
Interest paid over 5-yr term$575,899.82
Balance at end of term$1,807,461.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$502,350
Stress test qualifying rate8.09%
Payment you must qualify for$15,451.58

Cash Needed at Closing

Minimum down payment$502,350
Estimated BC PTT$53,353
Legal / closing costs (typical estimate)$1,500
Total cash needed$557,203

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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