Property Type: Condo / ApartmentOwnership: Strata

510 500 ROYAL AVENUE

New Westminster, BC V3L0G5

$698,000

2 bed2 bath1 parking805 sqftBuilt 2014
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment
Frontage
0 feet

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$473/mo
Annual property tax
$2,810.42 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

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®
R3062219
Listed
October 27, 2025
Time on market
On the market for 308 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty · Data source: CREA DDF.

Description

Developed by Ledingham McAllister and is centrally located in the heart of the Royal City. This ft. with 2 bedrooms and 2 bathrooms offers an expensive open-concept kitchen and living room, and 805 sq. spacious deck where you can entertain in style. Master bedroom with walk-in closet and ensuite bathroom. Laminate flooring in the living/dining/kitchen and are pet friendly, with restrictions. Close to Skytrain, New Westminster Quay with local stores, restaurants, coffee shops. Nearby Shopping (Royal City Centre 6 mins away), Parks, and Entertainment (Landmark Cinemas 5 min drive/12min walk). Dominion is in the best location New Westminster has to offer! School catchment; K-5 Ecole Qayqayt Elementary, 6-8 Fraser River Middle, 9-12 New Westminster Secondary, Douglas College New West Campus. (id:63159)

Values & Trends

This listing

$867/sqft

Building average

$783/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

59

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
PALS Autism Society (School Program)(Independent)K-12283 m
Purpose Independent Secondary School(Independent)Secondary369 m
Ecole Qayqayt ElementaryElementary372 m
Al-Hidayah School(Independent)Elementary400 m
Fraser River MiddleMiddle599 m
Royal City Alternate ProgramSecondary654 m
Power Alternate Secondary SchoolSecondary990 m
John Knox Christian - Secondary Campus(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 4th St @ Agnes St153 m
Southbound 4th St @ Agnes St160 m
Northbound 6th St @ Royal Ave160 m
Southbound 6th St @ Agnes St176 m
Southbound 6th St @ Royal Ave177 m

Nearby Places

Restaurants (5+)

  • Royal Tandoori · 83 Sixth Street161 m
  • Pizza Heaven · 81 Sixth Street163 m
  • Bubble World Restaurant191 m
  • Patsara · 528 Carnarvon Street244 m
  • Pizzeria Ludica · 601 Carnarvon Street254 m

Cafes (5+)

  • Cocoaro · Victoria Street206 m
  • Coasters Coffee · Sixth Street227 m
  • Chatime · 51 Sixth Street234 m
  • Afterhours Cafe · 42 Sixth Street293 m
  • The Hide Out Cafe · 716 Carnarvon Street407 m

Grocery (5+)

  • Gastronomia Italia · 601 Columbia Street355 m
  • Mahtot East Africa Market · 218 Sixth Street388 m
  • Persian Baanou Supermarket · 222 Sixth Street397 m
  • Safeway · 800 Carnarvon Street618 m
  • Fruiticana · 331 Sixth Street634 m

Parks (5+)

  • Tipperary Park208 m
  • Saint Mary's Park407 m
  • Westminster Pier Park434 m
  • Toronto Place Park472 m
  • Albert Crescent Park599 m

Shopping (2)

  • Shops at New West667 m
  • River Market · 810 Quayside Drive715 m

Gyms (5+)

  • EZfit · 606 Victoria Street237 m
  • Fit on 6th · 49 Sixth Street260 m
  • Sea2Sky Wellness Club · 428 Columbia Street349 m
  • Sugarrays365 m
  • Vive la Vida383 m

Pharmacies (3)

  • Guardian · 424 Columbia Street349 m
  • Shoppers Drug Mart · 811 Columbia Street660 m
  • Imperial Pharmacy · 981 Carnarvon Street737 m

Banks & ATMs (5+)

  • Bitcoin ATM Localcoin · 411 Columbia Street310 m
  • Manulife ATM311 m
  • Bitcoin ATM Coinsite · 663 Columbia Street419 m
  • Waves - Columbia - Bitcoin Well ATM · 715 Columbia Street487 m
  • Scotiabank517 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$558,400.00
Periodic payment — Principal & Interest (monthly)$3,602.61
Additional monthly expenses (strata, tax, utilities, etc.)$746.80
Total monthly cost$4,349.41
Interest paid over 5-yr term$160,039.05
Balance at end of term$502,282.61

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,800
Stress test qualifying rate8.09%
Payment you must qualify for$5,022.88

Cash Needed at Closing

Minimum down payment$44,800
Estimated BC PTT$11,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,260

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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