Property Type: Condo / ApartmentOwnership: Strata

702 1026 QUEENS AVENUE

New Westminster, BC V3M6B2

$499,000

2 bed2 bath1 parking1,024 sqftBuilt 1985
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Amenities

Gym

Also listed: Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$809/mo
Annual property tax
$2,404.56 (2025)

Interior

Heating
Electric
Fireplace
None

Exterior & Lot

View
View
Pool
Outdoor pool

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®
R3154219
Listed
August 10, 2026
Time on market
On the market for 21 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Select Realty · Data source: CREA DDF.

Description

Wow, INCREDIBLE VALUE! Extremely SPACIOUS 2-bed, 2-bath CORNER UNIT, just a short walk to the New West QUAY & the SKYTRAIN! This very well cared for home features an oversized main living space, allowing for full sized living room furniture in a variety of configurations; a dedicated dining room area that can double as a home office; 2 good sized bedrooms located on OPPOSITE SIDES of the unit, for maximum privacy; and a large, FULLY COVERED BALCONY. Amara Terrace offers great amenities, including an OUTDOOR POOL and GYM/GAMES ROOM. Located just a short walk to COLUMBIA SQUARE PLAZA, with Save-On-Foods, Pharmasave, TD, BMO, Starbucks, BCL, Boston Pizza, more. Over $800k in Contingency Reserve, new elevators & new parkade membrane. // (id:63159)

Values & Trends

This listing

$487/sqft

Building average

$480/sqft

7 active listing(s)

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

67

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
Power Alternate Secondary SchoolSecondary261 m
Royal City Alternate ProgramSecondary271 m
Fraser River MiddleMiddle307 m
John Knox Christian - Secondary Campus(Independent)K-12352 m
Al-Hidayah School(Independent)Elementary921 m
Purpose Independent Secondary School(Independent)Secondary1.0 km
PALS Autism Society (School Program)(Independent)K-121.1 km
Lord Kelvin ElementaryElementary1.2 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 12 St @ Queens Ave232 m
Southbound 12 St @ Queens Ave245 m
Westbound Columbia St @ Royal Ave259 m
Southbound 12 St @ 3rd Ave344 m
Eastbound Quayside Dr @ Laguna Court354 m

Nearby Places

Restaurants (5+)

  • Dan's Diner92 m
  • Boston Pizza267 m
  • Pho Angkor · 78 Tenth Street277 m
  • DeDutch289 m
  • Cockney Kings304 m

Cafes (5+)

  • Living Tree Foods · 1025 Royal Avenue159 m
  • Starbucks330 m
  • Serious Coffee421 m
  • Gong Cha431 m
  • Rong Rong Tea House · 748 Agnes Street461 m

Grocery (4)

  • Save-On-Foods · 1025 Columbia Street204 m
  • Safeway · 800 Carnarvon Street571 m
  • Mahtot East Africa Market · 218 Sixth Street733 m
  • Persian Baanou Supermarket · 222 Sixth Street736 m

Parks (4)

  • Columbia St Sq Park229 m
  • Simcoe Park269 m
  • Cornwall Park416 m
  • Toronto Place Park432 m

Shopping (2)

  • Shops at New West520 m
  • River Market · 810 Quayside Drive683 m

Gyms (5+)

  • 4Seven BJJ · 131 Eleventh Street90 m
  • Oxygen Yoga · 1065 Columbia Street224 m
  • Dynamic Health and Fitness477 m
  • Chris Johnson Fitness Centre493 m
  • Strong Side Conditioning · 739 Carnarvon Street574 m

Pharmacies (3)

  • Pharmasave299 m
  • Imperial Pharmacy · 981 Carnarvon Street415 m
  • Shoppers Drug Mart · 811 Columbia Street584 m

Banks & ATMs (5+)

  • BMO333 m
  • TD346 m
  • Bitcoin ATM Localcoin · 71 Tenth Street355 m
  • Bitcoin ATM Coinsite · 900 Carnarvon Street433 m
  • H&R Block534 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,200.00
Periodic payment — Principal & Interest (monthly)$2,575.50
Additional monthly expenses (strata, tax, utilities, etc.)$1,060.75
Total monthly cost$3,636.25
Interest paid over 5-yr term$114,411.87
Balance at end of term$359,081.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,950
Stress test qualifying rate8.09%
Payment you must qualify for$3,645.28

Cash Needed at Closing

Minimum down payment$24,950
Estimated BC PTT$7,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,430

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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