Property Type: Condo / ApartmentOwnership: Strata

425 3 RIALTO COURT

New Westminster, BC V3M6P2

$599,000

2 bed2 bath1 parking1,159 sqftBuilt 1992
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$639/mo
Annual property tax
$3,015.53 (2025)

Interior

Heating
Baseboard heaters, Electric, Natural gas
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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®
R3154495
Listed
August 11, 2026
Time on market
On the market for 21 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Live by the water at the New Westminster Quay! This bright and spacious 2 bed, 2 bath home offers over 1,100 square ft of comfortable living. With 2 PARKING STALLS (Much needed at the Quay!). The kitchen features stainless steel appliances and a large pantry, perfect for extra storage. Enjoy a functional layout with generous closet space throughout and the convenience of in-suite laundry. Relax on your private balcony overlooking the peaceful courtyard with serene lagoon views. A perfect blend of space, storage, and waterfront lifestyle! (id:63159)

Values & Trends

This listing

$517/sqft

Building average

No other active listings in this building

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

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
John Knox Christian - Secondary Campus(Independent)K-12362 m
Power Alternate Secondary SchoolSecondary534 m
Royal City Alternate ProgramSecondary838 m
Fraser River MiddleMiddle878 m
Lord Kelvin ElementaryElementary1.3 km
Lord Tweedsmuir ElementaryElementary1.3 km
Al-Hidayah School(Independent)Elementary1.4 km
Purpose Independent Secondary School(Independent)Secondary1.5 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 Renaissance Square @ Quayside Dr137 m
Eastbound Quayside Dr @ Laguna Court277 m
Southbound 12 St @ Queens Ave341 m
Northbound 12 St @ Queens Ave355 m
Southbound 12 St @ 3rd Ave392 m

Nearby Places

Restaurants (5+)

  • Dan's Diner482 m
  • Rozzini's · 211 Ewen Avenue561 m
  • Boston Pizza598 m
  • DeDutch630 m
  • Pho Angkor · 78 Tenth Street702 m

Cafes (2)

  • Living Tree Foods · 1025 Royal Avenue578 m
  • Starbucks695 m

Grocery (1)

  • Save-On-Foods · 1025 Columbia Street605 m

Parks (5+)

  • Columbia St Sq Park496 m
  • Port Royal Park564 m
  • Cornwall Park730 m
  • Red Boat Park732 m
  • Riverside Adventure Park768 m

Gyms (2)

  • 4Seven BJJ · 131 Eleventh Street483 m
  • Oxygen Yoga · 1065 Columbia Street564 m

Pharmacies (1)

  • Pharmasave691 m

Banks & ATMs (3)

  • TD728 m
  • BMO748 m
  • Bitcoin ATM Localcoin · 71 Tenth Street790 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,200.00
Periodic payment — Principal & Interest (monthly)$3,091.64
Additional monthly expenses (strata, tax, utilities, etc.)$948.27
Total monthly cost$4,039.91
Interest paid over 5-yr term$137,340.10
Balance at end of term$431,041.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,337.73

Cash Needed at Closing

Minimum down payment$34,900
Estimated BC PTT$9,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,380

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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