Property Type: Detached HouseOwnership: Freehold

550 RICHMOND STREET

New Westminster, BC V3L4C7

$2,499,000

5 bed5 bath10 parking3,052 sqftBuilt 2021
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Property Details

Property & Lot

Sub-type
House
Lot size
6,100 square feet
Frontage
50 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,801 (2026)

Interior

Basement
Finished, Separate entrance, Unknown
Heating
Radiant heat, Natural gas
Fireplace
Yes (2)

Exterior & Lot

View
View

Parking

Total spaces
10 — covered indicated
Features
Garage, RV

Listing Information

MLS®
R3130752
Listed
June 2, 2026
Time on market
On the market for 90 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Century 21 Coastal Realty Ltd. · Data source: CREA DDF.

Description

Stunning unobstructed views of city, water & mtns! Custom Build modern style extravagant home features open layout with top notch detailed workmanship. As you enter the feature wall with oyster white marble with built-in Led lights welcomes you. Family room with large customized sliding door that extends to a covered deck with gas fire pit. Modern look kitchen with Zenn Air Appliances that has big island to entertain your family/friends. Spicy Kitchen, Free standing customized stairs lead to upstairs with 3 bedrooms and Solarium to enjoy. Master bedroom with fireplace, luxury ensuite, wide sliding door with balcony to enjoy the beauty of nature. Imported Italian tiles, door knobs, illusion stone counter tops. 1 bedroom bsmt suit & bachelore suit rented to very good tenants.A MUST ACT. (id:63159)

Values & Trends

This listing

$819/sqft

Building average

No other active listings in this building

New Westminster average

$731/sqft

146 active listing(s)

Parking: 10 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

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

26

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
St. Michaels(Independent)Elementary221 m
Armstrong ElementaryElementary769 m
Skwo:wechElementary883 m
Urban Academy Senior(Independent)K-12968 m
Urban Academy Junior(Independent)Elementary968 m
Cariboo Hill SecondarySecondary1.2 km
F W Howay ElementaryElementary1.4 km
Our Lady of Fatima(Independent)Elementary1.7 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
Southbound E Columbia St @ Holmes St414 m
Eastbound E 8th Ave @ Buchanan Ave431 m
Westbound Braid St @ E Columbia St433 m
Westbound E 8th Ave @ Buchanan Ave437 m
Northbound E Columbia St @ Holmes St458 m

Nearby Places

Restaurants (5+)

  • Bruncheria · 502 East Columbia Street516 m
  • Sushi Heaven · 457 East Columbia Street567 m
  • Chen's Garden · 441 East Columbia Street626 m
  • Gino's Restaurant652 m
  • Sushi Box · 8671 Tenth Avenue723 m

Cafes (3)

  • Fratelli · 459 East Columbia Street558 m
  • Season's Apple Café · 8699 Tenth Avenue664 m
  • Starbucks · 411 East Columbia Street749 m

Parks (5+)

  • Cariboo Park393 m
  • Sunset Park526 m
  • Hume Park568 m
  • Millview Park site648 m
  • Victory Heights Park662 m

Gyms (1)

  • 30 Minute Hit · 425 East Columbia Street703 m

Pharmacies (4)

  • Indigo Pharmacy · 447 East Columbia Street609 m
  • Pharmasave · 8697 East Tenth Avenue666 m
  • The Medicine Shoppe · 413 East Columbia Street742 m
  • Lifecare Compounding Pharmacy · 408 East Columbia Street782 m

Banks & ATMs (1)

  • Scotiabank · 8691 Tenth Avenue688 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($499,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,999,200.00
Periodic payment — Principal & Interest (monthly)$12,898.16
Additional monthly expenses (strata, tax, utilities, etc.)$969.75
Total monthly cost$13,867.91
Interest paid over 5-yr term$572,976.47
Balance at end of term$1,798,286.87

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$499,800
Stress test qualifying rate8.09%
Payment you must qualify for$15,373.15

Cash Needed at Closing

Minimum down payment$499,800
Estimated BC PTT$52,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,270

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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