Property Type: Condo / ApartmentOwnership: Strata

703 550 EIGHTH STREET

New Westminster, BC V3M3R9

$418,888

2 bed1 bath1 parking971 sqftBuilt 1982
Get Directions

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$594/mo
Annual property tax
$2,216.91 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Not allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3154334
Listed
August 11, 2026
Time on market
On the market for 20 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Welcome to the heart of Uptown New Westminster! This spacious 2-bedroom home offers a functional layout with an open kitchen and well-defined living and dining areas-ideal for both everyday living and entertaining. Having the convenience of in-suite laundry adds to the comfort of the home. Complete with 1 parking stall and a storage locker. Enjoy an exceptionally walkable location just steps from Moody Park and across from Royal City Centre, with shopping, groceries, cafés, restaurants and transit all close by. No pets permitted. A great opportunity to enjoy space, convenience and an established Uptown neighbourhood at an attractive price point. Book your private showing today! (id:63159)

Values & Trends

This listing

$431/sqft

Building average

$414/sqft

1 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

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

74

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
Lord Kelvin ElementaryElementary425 m
New Westminster SecondarySecondary757 m
SigmaSecondary789 m
Royal City Alternate ProgramSecondary843 m
John Knox Christian - Secondary Campus(Independent)K-12897 m
Fraser River MiddleMiddle900 m
Our Lady of Mercy(Independent)Elementary977 m
Twelfth Avenue ElementaryElementary1.0 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
Westbound 6th Ave @ 8th St85 m
Eastbound 6th Ave @ 8th St89 m
Northbound 8th St @ 6th Ave93 m
Northbound 8th St @ 5th Ave140 m
Southbound 8th St @ 7th Ave176 m

Nearby Places

Restaurants (5+)

  • Hi Dozo Sushi · 702 Sixth Avenue228 m
  • Go Dine Kanadiyan · 525 7th Street255 m
  • Jokim Kitchen · 628 Sixth Avenue257 m
  • White Spot · 610 Sixth Street342 m
  • Sanjo Sushi · 546 Sixth Street369 m

Cafes (5+)

  • Starbucks162 m
  • Connections Café195 m
  • Lucy's Cafe & Bakery · 702 Sixth Avenue217 m
  • Gourmet Cup255 m
  • Flavour Balance Espresso Bar · 619 Belmont Street296 m

Grocery (4)

  • Save-On-Foods157 m
  • Fruiticana · 331 Sixth Street597 m
  • Gospa's Delightful Food · 718 Twelfth Street690 m
  • Persian Baanou Supermarket · 222 Sixth Street795 m

Parks (2)

  • Moody Park260 m
  • Cornwall Park553 m

Shopping (4)

  • Walmart142 m
  • Winners205 m
  • Royal City Centre · 610 Sixth Street237 m
  • Westminster Centre · 555 Sixth Street437 m

Gyms (5+)

  • Anytime Fitness98 m
  • Club Pilates · 678 Sixth Street402 m
  • Planet Fitness427 m
  • Sunset Pilates · 635 Sixth Street439 m
  • The Dancing Cat Yoga Centre453 m

Pharmacies (5+)

  • Shoppers Drug Mart276 m
  • Pharmasave · 625 Fifth Avenue297 m
  • Belmont Pharmacy · 609 Belmont Street320 m
  • London Drugs · 555 Sixth Street419 m
  • Uptown Drugs Peoples Pharmacy454 m

Banks & ATMs (5+)

  • RBC Royal Bank · 626 Sixth Avenue264 m
  • BMO355 m
  • CIBC · 554 Sixth Street366 m
  • TD398 m
  • Bitcoiniacs Bitcoin ATM399 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($20,944) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$335,110.00
Periodic payment — Principal & Interest (monthly)$2,162.02
Additional monthly expenses (strata, tax, utilities, etc.)$827.82
Total monthly cost$2,989.84
Interest paid over 5-yr term$96,043.49
Balance at end of term$301,432.53

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$20,944
Stress test qualifying rate8.09%
Payment you must qualify for$3,060.05

Cash Needed at Closing

Minimum down payment$20,944
Estimated BC PTT$6,378
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,822

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.

Request more information