Property Type: Detached HouseOwnership: Freehold

823 QUEENS AVENUE

New Westminster, BC V3M1L9

$2,500,000

3 bed2 bath2 parking2,291 sqftBuilt 1950
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Property Details

Property & Lot

Sub-type
House
Lot size
3,300 square feet
Frontage
0 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,441.91 (2025)

Interior

Basement
Finished, Separate entrance, Unknown
Heating
Forced air
Fireplace
Yes (1)

Parking

Total spaces
2 — covered indicated
Features
Garage, Other

Listing Information

MLS®
R3146789
Listed
July 15, 2026
Time on market
On the market for 47 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Prime holding and redevelopment opportunity in New Westminster. Currently improved with a single-family home, this property is designated M_RLM (Residential - Limited Mid-Rise) in the Official Community Plan and is located within the Transit-Oriented Area (Tier 3). OCP supports consideration of mid-rise residential development of up to 8 storeys, subject to City approvals and rezoning. An excellent opportunity for developers to acquire this property as a standalone investment or explore the potential for a land assembly with neighbouring properties. Centrally located close to transit, parks, schools, shopping and amenities. Buyer to verify all development potential with the City of New Westminster. (id:63159)

Values & Trends

This listing

$1,091/sqft

Building average

No other active listings in this building

New Westminster average

$729/sqft

146 active listing(s)

Parking: 2 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

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
Royal City Alternate ProgramSecondary37 m
Fraser River MiddleMiddle108 m
Power Alternate Secondary SchoolSecondary469 m
John Knox Christian - Secondary Campus(Independent)K-12538 m
Al-Hidayah School(Independent)Elementary795 m
Purpose Independent Secondary School(Independent)Secondary862 m
PALS Autism Society (School Program)(Independent)K-12911 m
Ecole Qayqayt 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
Southbound 8th St @ Queens Ave142 m
Northbound 8th St @ Queens Ave146 m
Southbound 8th St @ 3rd Ave216 m
Southbound 8th St @ Royal Ave238 m
Northbound 8th St @ Royal Ave238 m

Nearby Places

Restaurants (5+)

  • Dan's Diner348 m
  • Pho Angkor · 78 Tenth Street385 m
  • Burger Heaven · 77 Tenth Street392 m
  • Cockney Kings400 m
  • The Tannenbaum Restaurant · 66 Tenth Street439 m

Cafes (5+)

  • Living Tree Foods · 1025 Royal Avenue352 m
  • Lower Cafeteria371 m
  • Upper Cafeteria378 m
  • Rong Rong Tea House · 748 Agnes Street380 m
  • Starbucks456 m

Grocery (5+)

  • Save-On-Foods · 1025 Columbia Street376 m
  • Mahtot East Africa Market · 218 Sixth Street478 m
  • Persian Baanou Supermarket · 222 Sixth Street481 m
  • Safeway · 800 Carnarvon Street543 m
  • Fruiticana · 331 Sixth Street616 m

Parks (4)

  • Simcoe Park145 m
  • Toronto Place Park254 m
  • Cornwall Park394 m
  • Columbia St Sq Park454 m

Shopping (2)

  • Shops at New West517 m
  • River Market · 810 Quayside Drive684 m

Gyms (5+)

  • 4Seven BJJ · 131 Eleventh Street345 m
  • Chris Johnson Fitness Centre353 m
  • Oxygen Yoga · 1065 Columbia Street419 m
  • Strong Side Conditioning · 739 Carnarvon Street484 m
  • Dynamic Health and Fitness490 m

Pharmacies (4)

  • Pharmasave420 m
  • Imperial Pharmacy · 981 Carnarvon Street455 m
  • Shoppers Drug Mart · 811 Columbia Street573 m
  • Pharmasave · 625 Fifth Avenue759 m

Banks & ATMs (5+)

  • Bitcoin ATM Localcoin · 71 Tenth Street415 m
  • BMO419 m
  • TD453 m
  • Bitcoin ATM Coinsite · 900 Carnarvon Street499 m
  • HoneyBadger Bitcoin ATM499 m

Nearby places data: © OpenStreetMap contributors.

School district: New Westminster (SD40)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($500,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,000,000.00
Periodic payment — Principal & Interest (monthly)$12,903.32
Additional monthly expenses (strata, tax, utilities, etc.)$568.49
Total monthly cost$13,471.81
Interest paid over 5-yr term$573,205.75
Balance at end of term$1,799,006.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$500,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,379.30

Cash Needed at Closing

Minimum down payment$500,000
Estimated BC PTT$53,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,500

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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