108 240 Salter St, New Westminster BC - Apartment/Condo for Sale - MLS# R3046772

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Listing updated:
EstateBlock checked:
Regatta By Park Royal
1 Beds
1 Baths
743 sqft
739 $ /sqft
342.22 $ Maint. fee
2009 built
Closed
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This property sold for
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Listing updated:
EstateBlock checked:

About the building: Regatta

240 Salter Street, Queensborough, New Westminster

Regatta building details

Building

Built
2009
Homes
50 in 4 storeys
Construction
Frame - Wood
Title
Freehold Strata
Strata plan
BCS2875
Managed by
Ascent
Parking
Garage: Underground, Garage Underbuilding
Lockers
Limited
Strata fee covers
ManagementHot WaterGasGardeningGarbage PickupCaretaker

Bylaws on record

Pets
Restricted
Cats and dogs OK, max 2
Rentals
Allowed

Market at Regatta

For sale
2
Median ask
$694K
Median $/sqft
$595
Days on market
32
Sold, past year
2
This home

$739/sqft, 24.2% above the building median of $595.

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

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Sold price & sold date
Original list price & price changes
Full photo gallery - 40 photos
Days on market & listing history

Map & Neighbourhood

Public Schools

Elementary
Queen Elizabeth Elementary School
Average 1.63 km 6.1/10
Middle
Queensborough Middle School
1.25 km
Secondary
New Westminster Secondary School
2.61 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
Above Average 2.19 km 8.9/10
Secondary
Purpose Independent Secondary School
1.44 km

Noise/ Power Lines

Road/Hwy Noise
Unlikely
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

Sell Speed & Competition

54 / 100
Overall sell-speed score
Moderate pace expected
—
Price competition grade
No comparable data
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How QUEENSBOROUGH compares
This property
77 DOM
Slower than area
Queensborough avg
50 DOM
Average
New Westminster avg
50 DOM
Faster market

108 240 Salter Street has a sell-speed score of 54/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. The local market is currently a Balanced Market with a sales-to-active ratio of 15% and an area average of 50 days on market — conditions are balanced. With only 374 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Nearby Restaurants, Cafes & Shops

Mortgage Calculator for 108 240 Salter Street

/month
Principal & Interest
Property Taxes $188
Maintenance fee 342.22
Financing 80% of the $549,000 asking price over 30 years at 4% results in approximately $2,627/month in total estimated carrying costs, $188 property tax, $342 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $2,041/month in rental income, leaving a -$641/month cashflow at current carrying costs. Investors targeting break-even would need roughly 45% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 108 240 Salter Street, New Westminster

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — Queensborough, New Westminster

Beds Home Types Square Feet Lot Size Year Built
This Home
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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

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Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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