Property Type: Condo / ApartmentOwnership: Strata

605 500 ROYAL AVENUE

New Westminster, BC V3L0G5

$649,000

2 bed2 bath1 parking850 sqftBuilt 2014
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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
$418/mo
Annual property tax
$2,923.88 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
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®
R3145706
Listed
July 13, 2026
Time on market
On the market for 49 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Welcome to this bright and spacious penthouse home in the heart of New Westminster! Featuring soaring ceilings and a thoughtfully designed floor plan, this home offers comfort and functionality in a highly convenient location. The layout features bedrooms on opposite sides of the living area, ideal for families, roommates, or a home office. The open concept kitchen flows seamlessly into the dining and living spaces, creating the perfect setting for entertaining. Enjoy your private patio, ideal for summer BBQs and relaxing outdoors, plus the convenience of in-suite laundry. Just steps to SkyTrain, transit, shops, restaurants, parks, and schools, this is an excellent opportunity to own in one of New Westminster's most walkable neighbourhoods. (id:63159)

Values & Trends

This listing

$764/sqft

Building average

$817/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: 6.1% ($39,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$519,200.00
Periodic payment — Principal & Interest (monthly)$3,349.70
Additional monthly expenses (strata, tax, utilities, etc.)$704.29
Total monthly cost$4,053.99
Interest paid over 5-yr term$148,804.21
Balance at end of term$467,022.08

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$39,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,683.77

Cash Needed at Closing

Minimum down payment$39,900
Estimated BC PTT$10,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,380

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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