Property Type: Condo / ApartmentOwnership: Strata

408 82 FIRST STREET

New Westminster, BC V3L0L8

$479,000

1 bed1 bath1 parking510 sqftBuilt 2026
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$258/mo
Annual property tax
$697.22

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
Air Conditioned
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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®
R3153248
Listed
August 6, 2026
Time on market
On the market for 26 days
Data last synced
August 28, 2026

Listing provided by: Real Broker · Data source: CREA DDF.

Description

Why settle for an older condo when you can own BRAND NEW? Welcome to First & Royal by Areva Developments! This move-in ready 1 bed, 1 bath home offers 510 sq. ft. of thoughtfully designed living with A/C, premium Samsung appliances, in-suite laundry, a spacious covered patio, and 1 parking plus 1 storage locker. Enjoy New Westminster's premier rooftop oasis featuring BBQ areas, lounge seating, an outdoor theatre, and breathtaking Fraser River views, along with a fully equipped gym, co-working space, movie theatre, party room, dog play areas, and community gardens. Just steps to SkyTrain, restaurants, the riverfront, and minutes to Queen's Park. Includes 1 EV-ready parking stall and 1 storage locker. (id:63159)

Values & Trends

This listing

$939/sqft

Building average

$855/sqft

7 active listing(s)

New Westminster average

$670/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

37

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
Ecole Qayqayt ElementaryElementary195 m
PALS Autism Society (School Program)(Independent)K-12309 m
Purpose Independent Secondary School(Independent)Secondary711 m
Al-Hidayah School(Independent)Elementary806 m
Herbert Spencer ElementaryElementary1.1 km
Fraser River MiddleMiddle1.1 km
Royal City Alternate ProgramSecondary1.2 km
Ecole Glenbrook Middle SchoolMiddle1.4 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
Westbound Royal Ave @ 1st St5 m
Northbound 1st St @ Agnes St98 m
Southbound 1st St @ Agnes St108 m
Northbound 2nd St @ Clinton Place149 m
Eastbound Agnes St @ Elliot St152 m

Nearby Places

Restaurants (5+)

  • Stefano's · 315 Columbia Street477 m
  • Taverna Greka · 326 Columbia Street519 m
  • Victoria Sushi · 15 East Royal Avenue528 m
  • L'Onore Pizza · 28 East Royal Avenue643 m
  • Patsara · 528 Carnarvon Street690 m

Cafes (5+)

  • Mira Caffe · 28 East Royal Avenue664 m
  • Cocoaro · Victoria Street711 m
  • Coasters Coffee · Sixth Street724 m
  • Chatime · 51 Sixth Street725 m
  • Afterhours Cafe · 42 Sixth Street772 m

Grocery (2)

  • Gastronomia Italia · 601 Columbia Street799 m
  • Mahtot East Africa Market · 218 Sixth Street799 m

Parks (5+)

  • Saint Mary's Park174 m
  • Albert Crescent Park250 m
  • Tipperary Park415 m
  • Unnamed555 m
  • Sullivan Park573 m

Gyms (4)

  • Sugarrays653 m
  • Sea2Sky Wellness Club · 428 Columbia Street660 m
  • Fit on 6th · 49 Sixth Street736 m
  • EZfit · 606 Victoria Street751 m

Pharmacies (1)

  • Guardian · 424 Columbia Street646 m

Banks & ATMs (3)

  • Bitcoin ATM Localcoin · 15 East Royal Avenue526 m
  • Bitcoin ATM Localcoin · 411 Columbia Street598 m
  • Manulife ATM631 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$383,200.00
Periodic payment — Principal & Interest (monthly)$2,472.28
Additional monthly expenses (strata, tax, utilities, etc.)$342.06
Total monthly cost$2,814.34
Interest paid over 5-yr term$109,826.22
Balance at end of term$344,689.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,499.18

Cash Needed at Closing

Minimum down payment$23,950
Estimated BC PTT$7,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,030

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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