Home New Westminster, BC Fraserview NW Gatehouse Place 306 48 Richmond Street

306 48 Richmond St, New Westminster BC - Apartment/Condo for Sale - MLS# R3097355

181 days on the market

$459,999

Est. Mortgage $2,035/mo

Listing updated: Jul 21, 2026 at 06:16pm

EstateBlock checked: Sep 6, 2026 at 04:30am

Gatehouse Place

1 Beds

1 Baths

888 sqft

518 $ /sqft

452.75 $ Maint. fee

1991 built

17.9% price reduction

181 days on the market

$459,999

$559,999

Est. $2,035/mo with 20% down

Listing updated: Jul 21, 2026 at 06:16pm

EstateBlock checked: Sep 6, 2026 at 04:30am

Photos

Exterior Front Photo of 306 48 Richmond Street, New Westminster, BC

Exterior Rear Photo of 306 48 Richmond Street, New Westminster, BC

Living Room Photo of 306 48 Richmond Street, New Westminster, BC

Family Room Photo of 306 48 Richmond Street, New Westminster, BC

Dining Area Photo of 306 48 Richmond Street, New Westminster, BC

Kitchen Photo of 306 48 Richmond Street, New Westminster, BC

Kitchen Island Photo of 306 48 Richmond Street, New Westminster, BC

Pantry Photo of 306 48 Richmond Street, New Westminster, BC

Breakfast Nook Photo of 306 48 Richmond Street, New Westminster, BC

Primary Bedroom Photo of 306 48 Richmond Street, New Westminster, BC

Welcome to Gatehouse Place! This bright and spacious 1 bedroom, 1 bathroom home offers open-concept living designed for comfort and ease. Natural light fills the generous living and dining areas, creating an inviting space to relax or entertain while enjoying beautiful mountain and Fraser River views. The well-sized bedroom features a walk-in closet for excellent storage, and a storage locker is included for added convenience. Move-in ready and well maintained, this home is ideally located in New Westminster close to parks, shopping, transit, and everyday amenities.

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace	1
Heating Type	Electric, Natural Gas
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate, Mixed, Tile
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
View Description	Mountain and Fraser River
Roof	Torch-On
Structures	Multi Family, Residential Attached

Building Details

Price	$459,999
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	888
Year Built	1991
Age Of Building	35
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Trash, Maintenance Grounds, Gas, Hot Water, Management
Building Name	Gatehouse Place
Ownership Type	Freehold Strata
Maintenance Fee	$452.75
Amenities Nearby	Trash, Maintenance Grounds, Gas, Hot Water, Management
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground, Front Access
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Yes With Restrictions
Rental Suites	None

Lot & Land

MLS^® #	R3097355
Area	New Westminster
Neighbourhood	Fraserview NW
City	New Westminster
Postal Code	V3L 5P4
Gross Taxes	$2,574.76
Zoning	RM-2A

Property Timeline

Status	Date	Price
R3097355 / Active	03-09-2026	$459,999
to view full Property History (1 earlier record)

Rooms

Floor	Type	Dimensions
Main Level	Kitchen	8'3 x 8'3 ft
Main Level	Dining Room	17'2 x 17'2 ft
Main Level	Living Room	15'3 x 15'3 ft
Main Level	Bedroom	12'0 x 12'0 ft
Main Level	Walk-In Closet	6'7 x 6'7 ft
Main Level	Patio	15'3 x 15'3 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#5

Listed by: RE/MAX Westcoast

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.

Map & Neighbourhood

Private Schools

Elementary
Al-Hidayah School: Average 1.64 km 4/10
Elementary,Secondary
Urban Academy Senior: Above Average 1.66 km 8.6/10

Closest Transit

Bus Stop
Southbound Richmond St @ Miner St: 0.09 km
Skytrain
Skytrain @ Sapperton Stn: 0.89 km

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Average
Property Crime Rate: Average

Demographics

Post-Secondary Education: Above Average 33.6%
No Certificate/Degree: Below Average 9.3%
Owner Occupied: Average 62.7%
Employment Rate: Below Average 52.2%

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: Possible

Sell Speed & Competition

68 / 100

Overall sell-speed score

Likely within weeks

Price competition grade

Avg comparable: $523,939

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.89 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 FRASERVIEW NW compares

This property

181 DOM

Slower than area

Fraserview NW avg

30 DOM

Average

New Westminster avg

30 DOM

Faster market

306 48 Richmond Street has a sell-speed score of 68/100, placing it in the "Expected to sell within weeks" band. The listing is priced 13.9% below comparable active properties in Fraserview NW, which is a strong competitive signal. The local market is currently a Balanced Market with a sales-to-active ratio of 13.9% and an area average of 30 days on market — conditions are balanced. With only 397 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V3L 5P4

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3L 5P4, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

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 B / Good

Annual avg PM2.5 5.2 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: New Westminster Sapperton Park, New Westminster (~1 km). Annual avg AQHI 0 — Low Risk.

Heat Moderate

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 Increasing

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 Stable

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.

Nearby Restaurants, Cafes & Shops

Restaurants (6 nearby)

L'onore pizza · 413 m · Restaurant
Victoria sushi · 527 m · Restaurant
Quesada · 741 m · Fast Food

Groceries (3 nearby)

Victoria hill market · 518 m · Convenience
Save-on-foods · 755 m · Supermarket
Bak'd cookies · 843 m · Bakery

Shopping (3 nearby)

Shoppers drug mart · 822 m · Pharmacy
Royal city · 828 m · Post Office
Pure integrative pharmacy · 913 m · Pharmacy

Cafes (3 nearby)

Mira caffe · 395 m · Cafe
Take five cafe · 723 m · Cafe
Corner cafe · 862 m · Cafe

Healthcare (2 nearby)

Shoppers drug mart · 822 m · Healthcare
Pure integrative pharmacy · 913 m · Healthcare

Transit (2 nearby)

Skytrain @ sapperton stn station · 887 m · Transit
Bus stop northbound cumberland st @ e 7th ave · 997 m · Transit

Schools NearBy

26 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
New Westminster Online Schools	Public	Grades Served —	Catchment Info —	0	Distance 110 m
Skwo:wech	Public	Grades Served —	Catchment Info —	7.2 / 10	Distance 1.05 KM
Ecole Glenbrook Middle School	Public	Grades Served —	Catchment Info —	6.5 / 10	Distance 1.10 KM
Herbert Spencer Elementary School	Public	Grades Served K-5	Catchment Info —	6.9 / 10	Distance 1.35 KM
F W Howay Elementary	Public	Grades Served —	Catchment Info —	7.8 / 10	Distance 1.52 KM
Al-Hidayah School	Independent	Grades Served —	Catchment Info —	4.0 / 10	Distance 1.64 KM
Urban Academy Junior	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.66 KM
Urban Academy Senior	Independent	Grades Served —	Catchment Info —	8.8 / 10	Distance 1.66 KM
Compass Christian New West	Independent	Grades Served —	Catchment Info —	6.4 / 10	Distance 1.73 KM
Home Learners Program	Public	Grades Served —	Catchment Info —	10.0 / 10	Distance 1.75 KM
Cariboo Hill Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 1.94 KM
John Knox Christian - Elementary Campus	Independent	Grades Served —	Catchment Info —	9.3 / 10	Distance 2.06 KM
Fraser River Middle	Public	Grades Served —	Catchment Info —	5.8 / 10	Distance 2.06 KM
St.Michaels School	Independent	Grades Served K-7	Catchment Info —	0	Distance 2.06 KM
Armstrong Elementary	Public	Grades Served —	Catchment Info —	7.3 / 10	Distance 2.07 KM
Purpose Independent Secondary School	Independent	Grades Served 8-12	Catchment Info —	4.0 / 10	Distance 2.07 KM
Royal City Alternate Program	Public	Grades Served 8-11	Catchment Info —	0	Distance 2.20 KM
Sigma	Public	Grades Served —	Catchment Info —	4.6 / 10	Distance 2.32 KM
New Westminster Continuing Education	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 2.33 KM
New Westminster Secondary School	Public	Grades Served 9-12	Catchment Info —	6.7 / 10	Distance 2.42 KM
POWER Alternate Secondary School	Public	Grades Served 10-12	Catchment Info —	4.8 / 10	Distance 2.51 KM
Lord Kelvin Elementary School	Public	Grades Served K-5	Catchment Info —	5.7 / 10	Distance 2.64 KM
John Knox Christian - Secondary Campus	Independent	Grades Served —	Catchment Info —	9.2 / 10	Distance 2.68 KM
Twelfth Avenue Elementary School	Public	Grades Served K-7	Catchment Info —	5.9 / 10	Distance 2.81 KM
Alderson Elementary	Public	Grades Served —	Catchment Info —	6.3 / 10	Distance 2.83 KM
Our Lady of Fatima	Independent	Grades Served —	Catchment Info —	8.7 / 10	Distance 2.90 KM

Pre-computed routes from 306 48 Richmond St, New Westminster, BC

306 48 Richmond St, New Westminster, BC Sapperton 0.9 km

45 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Sapperton → Waterfront
45 min
Metrotown, Burnaby via Sapperton → Metrotown
27 min
SFU Burnaby via Sapperton → Production Way
21 min
Richmond Centre via Sapperton → Brighouse
70 min
YVR Airport via Sapperton → YVR-Airport
71 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
21 min
Metrotown, Burnaby via Lougheed Hwy
9 min
SFU Burnaby via Gaglardi Way
5 min
Richmond Centre via No. 3 Rd
22 min
YVR Airport via Bridgeport / Sea Island
25 min

Calculate your commute

306 48 Richmond St, New Westminster, BC is ideally located for commuters. The property is 0.9 km from Sapperton, with a 45 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Richmond St @ Miner St (0.09 km). Walk Score Transit rating: Good Transit (68/100).

Walkability & Transit Near 306 48 Richmond Street

Car-Dependent 59

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Some Transit 68

Transit Score - Good Transit

Many nearby public transportation options

Somewhat
Bikeable 58

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 306 48 Richmond Street

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $215

Maintenance fee 452.75

A 20% down payment of $92,000 on this $459,999 listing yields an estimated mortgage of $1,757/month (30-year fixed, 4%). Total estimated housing cost: $2,425/month, $215 property tax, $453 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: Jul 21, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Maintenance Fee

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

With $1,800/month in estimated rental income against $2,478/month in mortgage payments, the monthly cashflow is -$678/month. A 51% 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 306 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.