$739,000
By car (off-peak)
Sold
1503 10448 University Drive, Surrey, BC
1
Beds
1
Baths
463
sqft
2023
built
1507 823 Carnarvon St, New Westminster BC V3M 0N5 – Condo for Sale – MLS® R3138074
New Westminster Condos for Sale
148 days on the market
$699,000
Est. monthly cost $3,792/mo
Updated with MLS® -
2
Beds
2
Baths
884
sqft
791
$
/sqft
660.69
$
Maint. fee
2024
built
Property Details for 1507 823 Carnarvon Street
5.4% price reduction
Welcome to this rare Southeast corner home offering one of the most desirable layouts in the building! Bright 2 bed, 2 bath home featuring 884 sq ft of functional living space. As a coveted corner unit, it enjoys expansive city and water views from almost every room, including the living area and bedrooms. Relax or entertain on the large private patio while taking in the scenic outlook. Modern kitchen with Bosch & Blomberg appliances, quartz countertops, and gas cooktop. Centrally located in vibrant Downtown New Westminster, just steps to SkyTrain stations, shopping, restaurants, and everyday amenities. Showings upon request.
Building Details
| Price | $699,000 |
|---|---|
| Total Bedrooms | 2 |
| Total Bathrooms | 2 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 884 |
| Year Built | 2024 |
| Age Of Building | 2 |
| Building Type | Apartment/Condo |
| Unit Style | Upper unit |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Clubhouse, Exercise Centre, Concierge, Caretaker, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Snow Removal, Water |
| Ownership Type | Freehold Strata |
| Maintenance Fee | $660.69 |
| Amenities Nearby | Clubhouse, Exercise Centre, Concierge, Caretaker, Trash, Maintenance Grounds, Gas, Heat, Hot Water, Management, Snow Removal, Water |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | Underground |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest.,Rentals Allwd w/Restrctns |
| Pet Restrictions | Yes With Restrictions |
Interior Features
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Interior Features | Elevator, Storage |
| Heating Type | Heat Pump |
| Cooling | Central Air, Air Conditioning |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Foundation | Concrete Perimeter |
Exterior Features
| Exterior Features | Garden, Balcony |
|---|---|
| Roof | Other |
| Structures | Multi Family, Residential Attached |
Lot & Land
| MLS® # | R3138074 |
|---|---|
| Area | New Westminster |
| Neighbourhood | Downtown NW |
| City | New Westminster |
| Postal Code | V3M 0N5 |
| Gross Taxes | $3,762.61 |
| Zoning | RES |
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 12'6 x 12'6 ft |
| Main Level | Dining Room | 12'6 x 12'6 ft |
| Main Level | Kitchen | 8'7 x 8'7 ft |
| Main Level | Primary Bedroom | 12'3 x 12'3 ft |
| Main Level | Bedroom | 11'2 x 11'2 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | Yes | #4 |
| Main Level | No | #3 |
Listed by: Royal Pacific 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.
About the building: Ovation
823 Carnarvon Street, Downtown NW, New Westminster
Ovation building detailsBuilding
- Built
- 2024
- Homes
- 204 in 32 storeys
- Construction
- Concrete
- Title
- Freehold Strata
- Strata plan
- EPS9271
- Managed by
- AA Property Management
- Parking
- Garage: Underground
- Lockers
- Limited
- Strata fee covers
Bylaws on record
- Pets
- Restricted
- Cats and dogs OK, max 2
- Rentals
- Allowed
Market at Ovation
- For sale
- 6
- Median ask
- $699K
- Median $/sqft
- $791
- Days on market
- 82
- Sold, past year
- 7
This home
$791/sqft, in line with the building median of $791.
- Still inside its 2-5-10 new-home warranty — building-envelope coverage to 2029, structural to 2034.
From MLS® and public strata records. Verify against the current Form B and registered bylaws.
Map, sell speed & climate
SkyTrain 0.11 km · crime average · sell-speed score 55/100 (moderate pace) · flood lower risk · wildfire low
Map & Neighbourhood
Nearby Restaurants, Cafes & Shops
Shopping (67 nearby)
- Dayna beauty spa · 61 m · Hairdresser
- The refill stop · 67 m · Gift Shop
- Oxford barbershop · 69 m · Hairdresser
Restaurants (57 nearby)
- Galbi korean bbq · 13 m · Restaurant
- Akd kitchen soup + goods · 37 m · Restaurant
- Plato filipino · 39 m · Restaurant
Groceries (23 nearby)
- Cake it easy · 95 m · Bakery
- Shefield express · 107 m · Convenience
- Safeway · 110 m · Supermarket
Cafes (23 nearby)
- Fuel hut · 57 m · Cafe
- Tim hortons · 80 m · Cafe
- Starbucks · 97 m · Cafe
Healthcare (4 nearby)
- Imperial pharmacy · 101 m · Healthcare
- Shoppers drug mart · 131 m · Healthcare
- Pharmasave · 243 m · Healthcare
Transit (3 nearby)
- Skytrain @ new westminster stn station · 111 m · Transit
- Skytrain @ columbia stn station · 692 m · Transit
- Bus stop southbound 12 st @ 4th ave · 984 m · Transit
Parks & Recreation (1 nearby)
- Play area · 82 m · Playground
Private Schools
- Elementary,Secondary
- Compass Christian New West
- Average 0.51 km
- Secondary
- Purpose Independent Secondary School
- Average 0.2 km
Closest Transit
- Bus Stop
- New Westminster Station @ Bay 8
- 0.04 km
- Skytrain
- Skytrain @ New Westminster Stn
- 0.11 km
Crime Rate
- Total Crime Rate
- Average
- Violent Crime Rate
- Average
- Property Crime Rate
- Average
Demographics
- Post-Secondary Education
- Average 32.7%
- No Certificate/Degree
- Below Average 8.2%
- Owner Occupied
- Average 65.2%
- Employment Rate
- Below Average 41.9%
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
Sell Speed & Competition
55 / 100
Overall sell-speed score
Moderate pace expected
C
Price competition grade
Avg comparable: $644,633
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.11 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How DOWNTOWN NW compares
This property
148 DOM
Downtown NW avg
50 DOM
New Westminster avg
50 DOM
1507 823 Carnarvon Street has a sell-speed score of 55/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 8.4% above comparable active properties in Downtown NW. 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 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.
Climate Risk for V3M 0N5
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3M 0N5, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Flood
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Fire
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Air Quality
Annual avg PM2.5 5.2 µg/m³ — meets Canada's CAAQS. Nearest station: New Westminster Sapperton Park, New Westminster (~3.2 km). Annual avg AQHI 0 — Low Risk.
Heat
New Westminster currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~8 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~30 °C baseline, ~32.5 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.
Precipitation
Annual precipitation ~1516 mm (1981–2010 baseline), projected ~1574 mm by the 2050s. Extreme 1-day rainfall: ~51.5 mm baseline, ~57.1 mm projected. Values vary modestly across the Lower Mainland.
Drought
Longest annual dry spell (consecutive dry days): ~23 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
Schools NearBy
25 Schools are within 3km
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Purpose Independent Secondary School |
Independent |
Grades Served8-12
|
Catchment Info—
|
Distance201 m
|
|
POWER Alternate Secondary School |
Public |
Grades Served10-12
|
Catchment Info—
|
Distance364 m
|
|
Royal City Alternate Program |
Public |
Grades Served8-11
|
Catchment Info—
|
Distance389 m
|
|
Fraser River Middle |
Public |
Grades Served—
|
Catchment Info—
|
Distance400 m
|
|
Compass Christian New West |
Independent |
Grades Served—
|
Catchment Info—
|
Distance506 m
|
|
Al-Hidayah School |
Independent |
Grades Served—
|
Catchment Info—
|
Distance616 m
|
|
John Knox Christian - Secondary Campus |
Independent |
Grades Served—
|
Catchment Info—
|
Distance805 m
|
|
Lord Kelvin Elementary School |
Public |
Grades ServedK-5
|
Catchment Info—
|
Distance1.58 KM
|
|
Herbert Spencer Elementary School |
Public |
Grades ServedK-5
|
Catchment Info—
|
Distance1.73 KM
|
|
New Westminster Secondary School |
Public |
Grades Served9-12
|
Catchment Info—
|
Distance1.91 KM
|
|
Sigma |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.94 KM
|
|
Ecole Glenbrook Middle School |
Public |
Grades Served—
|
Catchment Info—
|
Distance1.97 KM
|
|
New Westminster Continuing Education |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.17 KM
|
|
Lord Tweedsmuir Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.19 KM
|
|
New Westminster Online Schools |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.20 KM
|
|
Twelfth Avenue Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.26 KM
|
|
St. Thomas More Collegiate |
Independent |
Grades Served—
|
Catchment Info—
|
Distance2.29 KM
|
|
Queensborough Middle School |
Public |
Grades Served5-8
|
Catchment Info—
|
Distance2.49 KM
|
|
Bridgeview Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.50 KM
|
|
Royal Heights Elementary School |
Public |
Grades ServedK-7
|
Catchment Info—
|
Distance2.71 KM
|
|
F W Howay Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.73 KM
|
|
John Knox Christian - Elementary Campus |
Independent |
Grades Served—
|
Catchment Info—
|
Distance2.79 KM
|
|
Queen Elizabeth Elementary School |
Public |
Grades ServedK-4
|
Catchment Info—
|
Distance2.85 KM
|
|
Skwo:wech |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.96 KM
|
|
Connaught Heights Elementary |
Public |
Grades Served—
|
Catchment Info—
|
Distance2.99 KM
|
Pre-computed routes from 1507 823 Carnarvon St, New Westminster, BC
1507 823 Carnarvon St, New Westminster, BC
33 min
Downtown Vancouver
By transit (Skytrain)
-
Downtown Vancouver via New Westminster → Waterfront33 min
-
Metrotown, Burnaby via New Westminster → Metrotown15 min
-
SFU Burnaby via New Westminster → Production Way13 min
-
Richmond Centre via New Westminster → Brighouse58 min
-
YVR Airport via New Westminster → YVR-Airport59 min
By car (off-peak)
-
Downtown Vancouver via HWY 1 / Grandview21 min
-
Metrotown, Burnaby via Lougheed Hwy8 min
-
SFU Burnaby via Gaglardi Way7 min
-
Richmond Centre via No. 3 Rd20 min
-
YVR Airport via Bridgeport / Sea Island23 min
Calculate your commute
1507 823 Carnarvon St, New Westminster, BC is ideally located for commuters. The property is 0.1 km from New Westminster, with a 33 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is New Westminster Station @ Bay 8 (0.04 km). Walk Score Transit rating: Excellent Transit (83/100).
Walkability & Transit Near 1507 823 Carnarvon Street
Walker's Paradise
98
Walk Score - Walker's Paradise
Daily errands do not require a car
Excellent Transit
83
Transit Score - Excellent Transit
Transit is convenient for most trips
Somewhat Bikeable
48
Bike Score - Somewhat Bikeable
Minimal bike infrastructure
Costs & calculators
Monthly cost about $3,792/month · rent estimate $2,663/month · owning catches up with renting by year 18 · cash flow if rented −$1,319/month
Mortgage Calculator for 1507 823 Carnarvon Street
$3,792
/month
Principal & Interest
$2,817
Property Taxes
$314
Maintenance fee
$661
The estimated monthly cost of 1507 823 Carnarvon Street, New Westminster is $3,792: $2,817 principal and interest with 20% down over 30 years at 4.45%, plus $314 property tax and $661 strata fee.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Investment Cashflow Calculator
−$1,319
/month
Mortgage Payment
$2,817
Monthly Cash Flow
−$1,319
Break Even Down Payment
58%
Cap Rate
-2.3%
Cash on Cash
-11.3%
If 1507 823 Carnarvon Street, New Westminster were rented at $2,663 a month with 5% vacancy, it would fall $1,319 a month short of the mortgage and carrying costs; about 58% down would break even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Estateblock Rent Estimate for 1507 823 Carnarvon Street, New Westminster
$2,663
/ month
Principal: $906/mo
Interest, tax, insurance, fees: $2,886/mo
Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$758/mo (year 1) → ~$1,764/mo (year 20) → ~$2,631/mo (year 29).
Net cost to own at year 5
~$2,886/mo
About $223/mo more than renting
EstateBlock estimates 1507 823 Carnarvon Street, New Westminster would rent for about $2,663 a month.
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.
Rent vs own: 1507 823 Carnarvon Street
Rent vs own
Owning catches up by year 18
With 20% down ($139,800) at 4.45%: renting is cheaper at first, but principal paydown closes the gap
Principal paid off by year 5
$49,832
Principal paid off by year 10
$112,057
Assumes 20% down payment, 4.45% fixed rate, 30-year amortization. Rent line = full rent (money gone). Own line = interest + property tax + fees, excluding principal (money you keep as equity). No appreciation, investment returns or transaction costs included.
Renting 1507 823 Carnarvon Street, New Westminster is cheaper at first, but owning catches up by year 18, with $49,832 of principal paid off by year 5 and $112,057 by year 10.
Price vs Neighbourhood Average — Downtown NW, New Westminster
This Home
$699,000
New Westminster
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Downtown NW
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Based on 17 comparable active apartments/condos in Downtown NW, the average asking price is $644,633. This listing is priced 8.4% above the neighbourhood average. This property is flagged as a Hot Deal (5.4% price reduction) based on its competitive pricing and market demand.
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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy
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