Property Type: Condo / ApartmentOwnership: Strata

406 48 RICHMOND STREET

New Westminster, BC V3L5P4

$625,500

2 bed1 bath1 parking1,069 sqftBuilt 1992
Get Directions

Amenities

Also listed: Guest Suite, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment
Style
2 Level

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$538/mo
Annual property tax
$3,192.2 (2026)

Interior

Heating
Electric, Natural gas
Fireplace
None
Appliances
All

Exterior & Lot

View
View
Lot features
Central location, Cul-de-sac, Private setting, Elevator, Wheelchair access

Building

Security
Smoke Detectors
Parcel ID (PID)
017-876-770

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
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®
R3149436
Listed
July 23, 2026
Time on market
On the market for 39 days
Tax assessment year
2026
Data last synced
August 30, 2026

Listing provided by: RE/MAX All Points Realty · Data source: CREA DDF.

Description

Welcome to the Coolest, Sweetest 1 bedroom and loft suite with killer views that you will ever see in the area. Sellers have upgraded this beautiful almost 1100 square ft home with wide plank flooring, solid oak railings, solid oak cabinets in kitchen with premium stone counter tops, brushed brass hardware and faucet, statement globe pendant lighting with over sized breakfast bar. Custom wood wall trim and mouldings thru out bedroom and hallway. Professionally designed walk in closet. Renovated bathroom shaker style vanity with quartz counter top, brass fixtures, LED mirror. Enjoy the Magnificent River and Mtn Views from both floors. Roof Top deck accessed from top floor bedroom/loft/office area. Strata has new metal roof, plumbing, outdoor stairs, rainscreen. Make an Appt. (id:63159)

Values & Trends

This listing

$585/sqft

Building average

$551/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

33

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:wechElementary1.0 km
Ecole Glenbrook Middle SchoolMiddle1.2 km
Ecole Qayqayt ElementaryElementary1.3 km
Herbert Spencer ElementaryElementary1.3 km
PALS Autism Society (School Program)(Independent)K-121.3 km
F W Howay ElementaryElementary1.5 km
Urban Academy Junior(Independent)Elementary1.6 km
Urban Academy Senior(Independent)K-121.6 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 St92 m
Northbound Richmond St @ Miner St99 m
Northbound Jamieson Court @ Richmond St190 m
Southbound E Columbia St @ Richmond St201 m
Eastbound Cumberland St @ Miner St298 m

Nearby Places

Restaurants (3)

  • L'Onore Pizza · 28 East Royal Avenue432 m
  • Victoria Sushi · 15 East Royal Avenue546 m
  • Steve's Poké Bar · 237 Nelson's Crescent783 m

Cafes (3)

  • Mira Caffe · 28 East Royal Avenue413 m
  • Greens & Beans Deli · 143 East Columbia Street570 m
  • Take Five Cafe · 202 East Columbia Street706 m

Grocery (1)

  • Save-On-Foods · 270 East Columbia Street739 m

Parks (5+)

  • Unnamed199 m
  • Unnamed406 m
  • Victoria Hill Park451 m
  • Glenbrook Ravine Park457 m
  • Woodlands Memorial Garden513 m

Banks & ATMs (1)

  • Bitcoin ATM Localcoin · 15 East Royal Avenue545 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 6.0% ($37,550) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$500,400.00
Periodic payment — Principal & Interest (monthly)$3,228.41
Additional monthly expenses (strata, tax, utilities, etc.)$857.28
Total monthly cost$4,085.69
Interest paid over 5-yr term$143,416.08
Balance at end of term$450,111.42

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$37,550
Stress test qualifying rate8.09%
Payment you must qualify for$4,521.13

Cash Needed at Closing

Minimum down payment$37,550
Estimated BC PTT$10,510
Legal / closing costs (typical estimate)$1,500
Total cash needed$49,560

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