Property Type: Condo / ApartmentOwnership: Strata

402 1026 QUEENS AVENUE

New Westminster, BC V3M6B2

$528,000

2 bed2 bath1 parking1,016 sqftBuilt 1984
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Amenities

Gym

Also listed: Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$670/mo
Annual property tax
$2,374.02 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
View
Pool
Outdoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Underground, Visitor Parking

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®
R3079894
Listed
January 15, 2026
Time on market
On the market for 228 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal LePage Sussex · Data source: CREA DDF.

Description

Your next chapter starts at New Westminster. Welcome to this spacious and bright 2bed2bath apartment at the highly desirable Amara Terrace in the heart of Uptown. Offering fantastic value and an unbeatable lifestyle, this is an opportunity you won't want to miss! This home boasts an excellent, functional layout with two generously sized bedrooms. Enjoy an abundance of natural light throughout the large windows featuring a huge private balcony for your morning coffee or evening entertaining. For active families, the rec facilities feature a large gym & amazing outdoor heated pool. Centrally located and within walking distance to the Skytrain, Douglas College, the Quay, shops and many more! Schools:Ecole Qayqayt Elementary, Fraser River, New Westminster Secondary. Pls call for a private tour! (id:63159)

Values & Trends

This listing

$520/sqft

Building average

$474/sqft

7 active listing(s)

New Westminster average

$672/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

67

8/9 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
Power Alternate Secondary SchoolSecondary263 m
Royal City Alternate ProgramSecondary286 m
Fraser River MiddleMiddle323 m
John Knox Christian - Secondary Campus(Independent)K-12335 m
Al-Hidayah School(Independent)Elementary938 m
Purpose Independent Secondary School(Independent)Secondary1.0 km
Lord Kelvin ElementaryElementary1.2 km
PALS Autism Society (School Program)(Independent)K-121.2 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
Northbound 12 St @ Queens Ave215 m
Southbound 12 St @ Queens Ave228 m
Westbound Columbia St @ Royal Ave261 m
Southbound 12 St @ 3rd Ave327 m
Eastbound Quayside Dr @ Laguna Court342 m

Nearby Places

Restaurants (5+)

  • Dan's Diner80 m
  • Boston Pizza273 m
  • Pho Angkor · 78 Tenth Street289 m
  • DeDutch296 m
  • Cockney Kings316 m

Cafes (5+)

  • Living Tree Foods · 1025 Royal Avenue165 m
  • Starbucks339 m
  • Serious Coffee432 m
  • Gong Cha442 m
  • Rong Rong Tea House · 748 Agnes Street478 m

Grocery (4)

  • Save-On-Foods · 1025 Columbia Street212 m
  • Safeway · 800 Carnarvon Street586 m
  • Mahtot East Africa Market · 218 Sixth Street747 m
  • Persian Baanou Supermarket · 222 Sixth Street750 m

Parks (4)

  • Columbia St Sq Park228 m
  • Simcoe Park286 m
  • Cornwall Park411 m
  • Toronto Place Park449 m

Shopping (2)

  • Shops at New West535 m
  • River Market · 810 Quayside Drive697 m

Gyms (5+)

  • 4Seven BJJ · 131 Eleventh Street77 m
  • Oxygen Yoga · 1065 Columbia Street228 m
  • Dynamic Health and Fitness491 m
  • Chris Johnson Fitness Centre510 m
  • Strong Side Conditioning · 739 Carnarvon Street591 m

Pharmacies (3)

  • Pharmasave309 m
  • Imperial Pharmacy · 981 Carnarvon Street428 m
  • Shoppers Drug Mart · 811 Columbia Street599 m

Banks & ATMs (5+)

  • BMO345 m
  • TD356 m
  • Bitcoin ATM Localcoin · 71 Tenth Street369 m
  • Bitcoin ATM Coinsite · 900 Carnarvon Street445 m
  • H&R Block549 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 5.3% ($27,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$422,400.00
Periodic payment — Principal & Interest (monthly)$2,725.18
Additional monthly expenses (strata, tax, utilities, etc.)$918.72
Total monthly cost$3,643.90
Interest paid over 5-yr term$121,061.05
Balance at end of term$379,950.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$27,800
Stress test qualifying rate8.09%
Payment you must qualify for$3,846.36

Cash Needed at Closing

Minimum down payment$27,800
Estimated BC PTT$8,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$37,860

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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