Property Type: Condo / ApartmentOwnership: Strata

423 82 FIRST STREET

New Westminster, BC V3L0L8

$699,000

2 bed2 bath2 parking815 sqftBuilt 2026
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Amenities

Gym

Also listed: Recreation Centre, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$412/mo
Annual property tax
$0 (2026)

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
None

Parking

Total spaces
2

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®
R3145592
Listed
July 13, 2026
Time on market
On the market for 49 days
Tax assessment year
2026
Data last synced
August 28, 2026

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

Description

The perfect blend of smart design and outdoor living! This brand-new 2 Bed | 2 Bath home at First & Royal by Areva Developments features one of the building's most functional floorplans, thoughtfully designed with virtually no wasted space to maximize comfort and everyday living. The bright open-concept layout is enhanced by contemporary finishes, a stylish modern colour palette, Samsung appliance package, and heat pump A/C for year-round comfort. Step outside to an oversized balcony-an extension of your living space that's perfect for morning coffee, evening sunsets, entertaining friends, or simply unwinding outdoors. Complete with 1 EV-ready parking stall and 1 storage locker. Residents enjoy exceptional amenities including a rooftop lounge with sweeping views, fitness centre, theatre, co-working space, party room, dog play areas, and community gardens. Ideally located just minutes from SkyTrain, Downtown New Westminster, the Quay, shops, cafés, restaurants, and parks, this is modern living at its best. (id:63159)

Values & Trends

This listing

$858/sqft

Building average

$866/sqft

7 active listing(s)

New Westminster average

$671/sqft

376 active listing(s)

Parking: 2 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

33

6/9 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 ElementaryElementary218 m
PALS Autism Society (School Program)(Independent)K-12344 m
Purpose Independent Secondary School(Independent)Secondary723 m
Al-Hidayah School(Independent)Elementary820 m
Herbert Spencer ElementaryElementary1.2 km
Fraser River MiddleMiddle1.2 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 St41 m
Northbound 1st St @ Agnes St62 m
Southbound 1st St @ Agnes St76 m
Eastbound Agnes St @ Elliot St158 m
Southbound 1st St @ Park Row171 m

Nearby Places

Restaurants (5+)

  • Stefano's · 315 Columbia Street483 m
  • Victoria Sushi · 15 East Royal Avenue505 m
  • Taverna Greka · 326 Columbia Street524 m
  • L'Onore Pizza · 28 East Royal Avenue621 m
  • Patsara · 528 Carnarvon Street709 m

Cafes (5+)

  • Mira Caffe · 28 East Royal Avenue641 m
  • Cocoaro · Victoria Street734 m
  • Coasters Coffee · Sixth Street746 m
  • Chatime · 51 Sixth Street747 m
  • Afterhours Cafe · 42 Sixth Street792 m

Parks (5+)

  • Saint Mary's Park193 m
  • Albert Crescent Park229 m
  • Tipperary Park450 m
  • Unnamed545 m
  • Victoria Hill Park596 m

Gyms (4)

  • Sugarrays664 m
  • Sea2Sky Wellness Club · 428 Columbia Street671 m
  • Fit on 6th · 49 Sixth Street756 m
  • EZfit · 606 Victoria Street773 m

Pharmacies (1)

  • Guardian · 424 Columbia Street658 m

Banks & ATMs (3)

  • Bitcoin ATM Localcoin · 15 East Royal Avenue504 m
  • Bitcoin ATM Localcoin · 411 Columbia Street611 m
  • Manulife ATM644 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$452.64
Total monthly cost$4,060.41
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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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