204 48 Richmond St, New Westminster BC - Apartment/Condo for Sale - MLS# R2983927

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Listing updated:
EstateBlock checked:
Gatehouse Place
1 Beds
1 Baths
851 sqft
645 $ /sqft
438.35 $ Maint. fee
1991 built
Closed
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This property sold for
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Listing updated:
EstateBlock checked:

About the building: Gatehouse Place

68 Richmond Street, Fraserview NW, New Westminster

Gatehouse Place building details

Building

Built
1992
Homes
125
Construction
Frame - Wood
Title
Freehold Strata
Strata plan
LMS284
Managed by
Quay Pacific
Parking
Garage: Underground
Lockers
Limited
Strata fee covers
Recreation FacilityManagementHot WaterGasGardeningGarbage PickupCaretaker

Bylaws on record

Pets
Restricted
Cats and dogs OK, max 2
Rentals
Allowed

Market at Gatehouse Place

For sale
5
Median ask
$519K
Median $/sqft
$585
Days on market
48
Sold, past year
7
This home

$645/sqft, 10.3% above the building median of $585.

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

VERIFIED ACCOUNT REQUIRED

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

Map & Neighbourhood

Public Schools

Elementary
Richard McBride Elementary School
Average 1.07 km 6.1/10
Middle
École Glenbrook Middle School
1.16 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 1.24 km 8.9/10
Elementary, Secondary
Urban Academy
Above Average 1.24 km 8.9/10

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
B
Price competition grade
Avg comparable: $549,000
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk
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 FRASERVIEW NW compares
This property
49 DOM
Average
Fraserview NW avg
50 DOM
Average
New westminster avg
50 DOM
Slower market

204 48 Richmond Street has a sell-speed score of 54/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with comparable active properties in Fraserview 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 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 204 48 Richmond Street

/month
Principal & Interest
Property Taxes $185
Maintenance fee 438.35
A 20% down payment of $109,800 on this $549,000 listing yields an estimated mortgage of $2,097/month (30-year fixed, 4%). Total estimated housing cost: $2,720/month, $185 property tax, $438 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.

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
With $2,041/month in estimated rental income against $2,774/month in mortgage payments, the monthly cashflow is -$734/month. A 48% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 204 48 Richmond 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 — Fraserview NW, New westminster

Beds Home Types Square Feet Lot Size Year Built
This Home
New westminster Loading...
Fraserview NW Loading...
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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Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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