502 320 Royal Ave, New Westminster, BC, MLS® R3074227

$489,000
Est. Mortgage /mo

$489,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
2 Beds
1 Baths
1 Stories
$ 615.52 Maint. Fee
917 sqft
1975 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

502 320 Royal Ave, New Westminster, BC | MLS® R3074227 Property Details

Bright, south-facing corner 2-bedroom home with sweeping river and city views! This cozy yet functional suite offers plenty of natural light, updated kitchen and bath, and stainless steel appliances—move-in ready and easy to love. Set in a well-maintained concrete high-rise with a proactive strata and extensive upgrades including security, elevators, boilers, exterior paint, deck membrane, and refreshed tennis court and courtyard. Heat included, plus underground parking and a large storage locker. Pet-friendly and perfectly located just a 5-minute walk to SkyTrain, Queen’s Park, riverside trails, schools, and shopping. A fantastic opportunity in a walkable, lifestyle-rich New Westminster neighbourhood.

General Info

Price $489,000
Total Bedrooms 2
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 917
Lot Size -
Lot Size Depth -
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1975
Age Of Building 50
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Building Amenities Bike Room, Recreation Facilities, Maintenance Grounds, Hot Water, Management, Sewer, Snow Removal
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3074227
Area New Westminster
Neighbourhood Downtown NW
City New Westminster
Gross Taxes $2,448.2
Ownership Type Freehold Strata
Maintenance Fee $615.52
Community Features Shopping Nearby
Amenities Nearby Bike Room, Recreation Facilities, Maintenance Grounds, Hot Water, Management, Sewer, Snow Removal

Heating & Cooling

Fireplace -
Heating Type Baseboard, Hot Water

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Underground, Guest, Garage Door Opener
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Number Limit (One), Yes With Restrictions
Rental Restrictions -
Zoning RM4
Rental Suites -
Laundry In Unit, Common Area
# of Kitchens 1
Flooring Laminate, Tile
Foundation Concrete Perimeter
Interior Features Elevator, Storage
Locker 1
View 1
View Description River & Downtown
Units In Development -
Exterior Features Garden, Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Property History

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Status Date Price
Show more

Listed by: Stonehaus Realty Corp. & Stonehaus Realty Corp.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary
École Qayqayt Elementary
Above Average
0.14 km
7.2/10
Middle
Fraser River Middle School
0.79 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary, Secondary
Urban Academy
0.13 km
8.9/10
Excellent
Elementary, Secondary
Urban Academy
0.13 km
8.9/10
Excellent

Closest Transit

Bus Stop
Northbound Fourth St @ Agnes St
0.14 km
Skytrain
Skytrain @ Columbia Stn
0.29 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to 502 320 Royal Avenue, a charming residence in Downtown New Westminster, BC

As you walk through the doors of 502 320 Royal Avenue, you'll notice the perfect blend of comfort and convenience. This beautiful home is nestled in the heart of Downtown New Westminster, surrounded by everything you need to live your best life.

Education

The property is serviced by École Qayqayt Elementary, a highly-rated school with a 7.2/10 rating. This school is just a short 0.14 km walk from your front door, making it easy to get your kids to school on time. For independent schooling options, Urban Academy is just a stone's throw away at 0.13 km, boasting an impressive 8.9/10 rating.

Safety

According to Statistics Canada's 2020 report, there were 5,584 disturbances in this neighbourhood, with an overall crime rate of 6,761.11 incidents per 100,000 population. This is considered Average compared to other Canadian cities. The good news is that the crime rate has seen a decline of -10.42% over the years, making this a safe and secure community to call home.

Crime Rates

Let's take a closer look at the crime rates in this area. The drug crime rate is Below Average, with a ranking of 134.4 and 111 incidents in 2020. This is a testament to the community's commitment to keeping its streets clean and safe. Property crimes are Average, with a ranking of 3,807.97 and 3,145 incidents in 2020. Violent crimes are also Average, with a ranking of 1,383.94 and 1,143 incidents in 2020.

Transit

Getting around is a breeze with the Northbound Fourth St @ Agnes St bus station just 0.14 km away from your front door. This convenient location makes it easy to hop on the bus and explore all that New Westminster has to offer.

Demographics

This neighbourhood is a vibrant and diverse community, with 28.2% of residents holding a university certificate or degree - Above Average compared to other BC neighbourhoods. The median household income is $53,867, which is Below Average compared to the BC average. However, the median personal income is $36,445, which is Average. The community is also home to 80% of households with a mortgage, which is High.

Lifestyle

The average age of the population is 41.2, which is Average compared to other BC cities. The average family size is 2.3, which is Low compared to the region. The community is also home to 39.1% of families with children, which is Low. However, the community is rich in diversity, with 42.5% of residents being married or living common law, which is Low.

Real Estate

The average value of dwellings in this neighbourhood is $308,910, which is Average compared to other areas in British Columbia. The average owner payment is $1,270, while tenants pay an average of $980 per month. This is Average compared to other cities.

Community

This neighbourhood is a renter-friendly community, with 58.4% of residents renting their homes - High compared to other BC cities. The community is also home to 44.1% of residents who use public transport, which is High. Meanwhile, 46.9% of residents use cars, which is Low. This community is perfect for those who prioritize convenience and accessibility.

Experience Downtown New Westminster

502 320 Royal Avenue, New Westminster, BC MLS® R3074227 is a rare gem in the heart of Downtown New Westminster. This beautiful home offers the perfect blend of comfort, convenience, and community. Whether you're a first-time buyer or a seasoned homeowner, this property is sure to impress. Come and experience all that Downtown New Westminster has to offer.

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $489,000
New Westminster $488,144
Downtown NW $499,067
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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