Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

523 KELLY STREET

New Westminster, BC V3L3V1

$1,699,000

5 bed3 bath4 parking2,036 sqftBuilt 1950
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Amenities

Also listed: Shared Laundry

Property Details

Property & Lot

Sub-type
House
Lot size
5,085.39 square feet
Frontage
44.11 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,244.45 (2025)

Interior

Basement
Full, Unknown, Unknown
Heating
Forced air, Natural gas
Fireplace
Yes (1)

Parking

Total spaces
4 — covered indicated
Features
Garage

Listing Information

MLS®
R3159161
Listed
August 26, 2026
Time on market
On the market for 5 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

This extensively renovated 5-bedroom, 3-bathroom, CORNER-LOT home is the ultimate mortgage helper, featuring two separate rental suites downstairs. Enjoy peace of mind with major updates throughout, including new flooring, lighting, plumbing, and electrical, alongside a brand-new furnace and hot water tank (and no oil tank). The location perfectly balances lifestyle and convenience. You are situated right next to a park, steps from a public Montessori school, and just a 3-minute drive to Braid SkyTrain Station. With excellent income potential already in place-including a 2-year lease for the upstairs unit-this property is a turnkey investment or a fantastic family home. (id:63159)

Values & Trends

This listing

$834/sqft

Building average

No other active listings in this building

New Westminster average

$731/sqft

146 active listing(s)

Parking: 4 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.

Detached (House) Market Stats — New Westminster

Monthly figures from the Fraser Valley Real Estate Board for New Westminster detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,384,300

Jul 2026

Average Sale Price

$1,457,269

Jul 2026

Monthly Sales

13

Jul 2026

Active Listings

161

Jul 2026

Sales-to-Active Ratio

8.0%

Jul 2026

Median Days to Contract

18 days

Jul 2026

MLS® HPI Benchmark Price

$1,650,000
$1,376,300
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

41

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
Urban Academy Senior(Independent)K-12472 m
Urban Academy Junior(Independent)Elementary472 m
St. Michaels(Independent)Elementary534 m
Skwo:wechElementary932 m
Armstrong ElementaryElementary1.2 km
Alderson ElementaryElementary1.4 km
Our Lady of Fatima(Independent)Elementary1.4 km
Cariboo Hill SecondarySecondary1.7 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 E Columbia St @ Braid St138 m
Eastbound Braid St @ E Columbia St164 m
Westbound Braid St @ Fader St170 m
Westbound Braid St @ E Columbia St203 m
Eastbound Braid St @ Fader St221 m

Nearby Places

Restaurants (5+)

  • Bruncheria · 502 East Columbia Street123 m
  • Sushi Heaven · 457 East Columbia Street271 m
  • Chen's Garden · 441 East Columbia Street360 m
  • Gino's Restaurant387 m
  • Thai New West · 424 East Columbia Street448 m

Cafes (2)

  • Fratelli · 459 East Columbia Street261 m
  • Starbucks · 411 East Columbia Street496 m

Parks (4)

  • Hume Park282 m
  • Sunset Park584 m
  • Sapperton Park650 m
  • Lower Lougheed Park · 576 Alderson Avenue785 m

Gyms (1)

  • 30 Minute Hit · 425 East Columbia Street447 m

Pharmacies (4)

  • Indigo Pharmacy · 447 East Columbia Street330 m
  • The Medicine Shoppe · 413 East Columbia Street488 m
  • Lifecare Compounding Pharmacy · 408 East Columbia Street510 m
  • Columbia Prescription XPress · 317 East Columbia Street722 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($339,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,359,200.00
Periodic payment — Principal & Interest (monthly)$8,769.10
Additional monthly expenses (strata, tax, utilities, etc.)$622.37
Total monthly cost$9,391.47
Interest paid over 5-yr term$389,550.63
Balance at end of term$1,222,604.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$339,800
Stress test qualifying rate8.09%
Payment you must qualify for$10,451.77

Cash Needed at Closing

Minimum down payment$339,800
Estimated BC PTT$31,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$373,280

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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