507 500 Royal Ave, New Westminster, BC | MLS^® R3080387 Property Details

Well kept and updated , gorgeous spacious studio with flex of enclosure sliding door in Ledingham McAllister's Dominion. Open floor plan with kitchen island,fabulous white shaker style kitchen cabinetry with Kohler fixtures, Halogen track lighting, high-end stainless steel appliances,quartz countertops,porcelain tiling in the bathroom, and laminate flooring throughout. The large outdoor covered sundeck extended living space with Hardy plank exterior is perfect for BBQ and rainy weather. Convenient location with higher walk score and transit score: across from City Hall, parks and within walking distance to Douglas College ,Columbia Sky Train station, new riverside pier park and playground, shopping, bus, schools.

General Info

Price $478,000

Total Bedrooms 0

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 585

Lot Size -

Lot Size Depth Feet

Lot Size Frontage -

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 2014

Age Of Building 12

Building Type Apartment/Condo

Property Type Residential

Stories 1

Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove

Building Amenities Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Snow Removal

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS^® # R3080387

Area New Westminster

Neighbourhood Downtown NW

City New Westminster

Gross Taxes $2,221.28

Ownership Type Freehold Strata

Maintenance Fee $285.46

Community Features Shopping Nearby

Amenities Nearby Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Snow Removal

Heating & Cooling

Fireplace 0

Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Underground, Guest, Lane Access, Rear Access

Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns

Pet Restrictions Yes With Restrictions

Rental Restrictions -

Zoning RM-6A

Rental Suites None

Laundry In Unit

# of Kitchens 1

Flooring Laminate, Tile

Foundation Concrete Perimeter

Interior Features Elevator, Storage

Locker 1

View Description -

Units In Development 118

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Asphalt, Torch-On

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Flex Room	9' x 9' ft
Main Level	Living Room	13'2 x 13'2 ft
Main Level	Kitchen	11'1 x 11'1 ft
Main Level	Dining Room	8'5 x 8'5 ft
Main Level	Patio	9'4 x 9'4 ft

Listed by: Royal Regal Realty Ltd.

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

0.33 km

7.2/10

Middle

Fraser River Middle School

0.61 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

0.28 km

8.9/10

Excellent

Elementary, Secondary

Urban Academy

0.28 km

8.9/10

Excellent

Closest Transit

Bus Stop

Northbound Fourth St @ Agnes St

0.15 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

Imagine strolling through the charming neighborhood of New Westminster, where the revitalized downtown area meets the tranquility of nature. Let's explore the community surrounding 507 500 Royal Avenue, a unique blend of urban and suburban living.

Education

As we walk through the neighborhood, you'll notice the proximity of École Qayqayt Elementary, a highly rated school with a 7.2/10 rating, located just 0.33 km from the property with listing MLS^® R3080387. Families love this area because of its excellent educational opportunities, and Urban Academy, a top-rated independent school with an 8.9/10 rating, is also nearby, just 0.28 km away.

Safety

According to Statistics Canada's 2020 report, the neighborhood surrounding 507 500 Royal Avenue, New Westminster, BC, has an average crime rate compared to other Canadian cities, with 6,761.11 incidents per 100,000 population. Specifically, the drug crime rate is below average, with 134.4 incidents per 100,000 population, and a year-over-year decrease of 5.34%. Property crimes are also average, with 3,807.97 incidents per 100,000 population, and a decrease of 11.79%. Violent crime rates are average, with 1,383.94 incidents per 100,000 population, and a decrease of 5.91%.

Community

The neighborhood surrounding 507 500 Royal Avenue is a vibrant community with a diverse population. As of 2020, 37.7% of residents have a university certificate or degree, which is high compared to other BC neighborhoods. In contrast, 5.8% of the population has no certificate or degree, which is low. Median household income is $63,502, which is average compared to other BC neighborhoods. Median personal income is $40,092, which is above average. A significant proportion of households, 80%, have a mortgage, which is high.

Transportation and Amenities

Conveniently located near the property with listing MLS^® R3080387 is the Northbound Fourth St @ Agnes St bus station, just 0.15 km away. The neighborhood is also well-connected to major highways and the SkyTrain system. As for amenities, the area offers a mix of urban and natural attractions, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops.

Real Estate Context

The average value of dwellings in the neighborhood surrounding 507 500 Royal Avenue, New Westminster, BC, is $345,210, which is average compared to other areas in British Columbia. Average owner payments are above average, with owners spending $1,396 on average per month. Tenants are also paying above average, with $1,201 spent on average per month. A significant proportion of the population, 37.7%, are renters, which is above average compared to other BC cities and areas.

As we continue our stroll through the neighborhood, you'll notice the diverse range of housing options, from apartments to single-family homes. The area is experiencing growth, with a population change of 19.4% between 2011 and 2016, which is high compared to average growth rates in the region.

Demographics

The neighborhood surrounding 507 500 Royal Avenue has a diverse population, with an average age of 39.4 years, which is below average compared to other BC cities. The average family size is 2.4, which is low compared to the whole region. A significant proportion of families, 36.5%, have children, which is low. The percentage of married or living common-law couples is 51.5%, which is below average.

In conclusion, the neighborhood surrounding 507 500 Royal Avenue, New Westminster, BC, offers a unique blend of urban and suburban living, with excellent educational opportunities, a diverse population, and a range of amenities. As your trusted realtor, I'm happy to guide you through this charming community and help you find your dream home.