Home New Westminster, BC Fraserview NW Gatehouse Place 309 48 Richmond Street

309 48 Richmond St, New Westminster BC V3L 5P4 – Condo for Sale – MLS® R3135315

309 48 Richmond Street, New Westminster, British Columbia V3L 5P4

New Westminster Condos for Sale

148 days on the market

$525,000

Est. monthly cost $2,777/mo

Updated with MLS® - Nov 10, 2026 at 08:45am

Gatehouse Place

1 Beds

1 Baths

868 sqft

605 $ /sqft

1992 built

9.3% price reduction

Photos

**LARGE TOP FLOOR 1-Bedroom Condo with View** Discover this SPACIOUS beautifully maintained one-bedroom condo offering VIEWS of the Fraser River & mountains. The expansive kitchen features ample counter space, newer appliances, double sink & beautiful quartz countertops (matching quartz in bathroom too!) The primary bedroom is generously sized, easily accommodating a king-size bed, and boasts extensive closet space with custom organizers, including convenient pull-outs. Additional perks include a LARGE storage locker, covered/gated boat & RV parking and a guest suite for visitors. Located just steps away from Sapperton Landing Park & Skytrain at the Brewery District, This is a gem you don't want to miss!

Building 25 fields Inside & out 13 fields Lot & land 7 fields

Building Details

Price	$525,000
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	868
Year Built	1992
Age Of Building	34
Building Type	Apartment/Condo
Unit Style	Upper unit
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Trash, Maintenance Grounds, Hot Water, Management
Building Name	Gatehouse Place
Ownership Type	Freehold NonStrata
Maintenance Fee	$447.09
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Trash, Maintenance Grounds, Hot Water, Management
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Garage Under Building
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.
Pet Restrictions	Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features	Elevator, Guest Suite
Fireplace	1
Heating Type	Baseboard, Electric
# of Kitchens	1
Flooring	Wall/Wall/Mixed
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Garden, Balcony
View Description	Water & Mountains
Roof	Metal
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3135315
Area	New Westminster
Neighbourhood	Fraserview NW
City	New Westminster
Postal Code	V3L 5P4
Gross Taxes	$2,570.39
Zoning	RM-2A

Property Timeline

Status	Date	Price
R3135315 / Active	06-15-2026	$525,000
to view full Property History (1 earlier record)

Rooms

Floor	Type	Dimensions
Main Level	Living Room	11'4 x 11'4 ft
Main Level	Dining Room	14'2 x 14'2 ft
Main Level	Kitchen	8'6 x 8'6 ft
Main Level	Foyer	3'9 x 3'9 ft
Main Level	Primary Bedroom	18'1 x 18'1 ft
Main Level	Walk-In Closet	5'1 x 5'1 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4

Listed by: Sutton Group Seafair Realty

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: 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: 4
Median ask: $512K
Median $/sqft: $576
Days on market: 90
Sold, past year: 7

This home

$605/sqft, 5% above the building median of $576.

Homes for sale at Gatehouse Place, New Westminster Recent sold listings in Gatehouse Place, New Westminster

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

Map, sell speed & climate

SkyTrain 0.87 km · crime average · sell-speed score 54/100 (moderate pace) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Restaurants (6 nearby)

L'onore pizza · 431 m · Restaurant
Victoria sushi · 545 m · Restaurant
Quesada · 725 m · Fast Food

Shopping (4 nearby)

Shoppers drug mart · 806 m · Pharmacy
Royal city · 811 m · Post Office
Pure integrative pharmacy · 897 m · Pharmacy

Groceries (3 nearby)

Victoria hill market · 537 m · Convenience
Save-on-foods · 739 m · Supermarket
Bak'd cookies · 826 m · Bakery

Cafes (3 nearby)

Mira caffe · 412 m · Cafe
Take five cafe · 706 m · Cafe
Corner cafe · 846 m · Cafe

Healthcare (3 nearby)

Shoppers drug mart · 806 m · Healthcare
Pure integrative pharmacy · 897 m · Healthcare
Columbia prescription xpress · 995 m · Healthcare

Transit (2 nearby)

Skytrain @ sapperton stn station · 868 m · Transit
Bus stop westbound hospital st @ blair ave · 994 m · Transit

Private Schools

Elementary
Urban Academy Junior: Above Average 1.64 km 9/10
Elementary,Secondary
Urban Academy Senior: Above Average 1.64 km 8.6/10

Closest Transit

Bus Stop
Southbound Richmond St @ Miner St: 0.09 km
Skytrain
Skytrain @ Sapperton Stn: 0.87 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

54 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $477,150

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.87 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

148 DOM

Slower than area

Fraserview NW avg

50 DOM

Average

New Westminster avg

50 DOM

Faster market

309 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 10% above 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 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 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. 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.

Schools NearBy

26 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
New Westminster Online Schools	Public	Grades Served —	Catchment Info —	N/A	Distance 121 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 1.11 KM
Herbert Spencer Elementary School	Public	Grades Served K-5	Catchment Info —	6.9 / 10	Distance 1.36 KM
F W Howay Elementary	Public	Grades Served —	Catchment Info —	7.8 / 10	Distance 1.53 KM
Urban Academy Junior	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.64 KM
Urban Academy Senior	Independent	Grades Served —	Catchment Info —	8.8 / 10	Distance 1.64 KM
Al-Hidayah School	Independent	Grades Served —	Catchment Info —	4.0 / 10	Distance 1.66 KM
Home Learners Program	Public	Grades Served —	Catchment Info —	10.0 / 10	Distance 1.73 KM
Compass Christian New West	Independent	Grades Served —	Catchment Info —	6.4 / 10	Distance 1.75 KM
Cariboo Hill Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 1.94 KM
St.Michaels School	Independent	Grades Served K-7	Catchment Info —	N/A	Distance 2.05 KM
Armstrong Elementary	Public	Grades Served —	Catchment Info —	7.3 / 10	Distance 2.07 KM
John Knox Christian - Elementary Campus	Independent	Grades Served —	Catchment Info —	9.3 / 10	Distance 2.07 KM
Fraser River Middle	Public	Grades Served —	Catchment Info —	5.8 / 10	Distance 2.08 KM
Purpose Independent Secondary School	Independent	Grades Served 8-12	Catchment Info —	4.0 / 10	Distance 2.09 KM
Royal City Alternate Program	Public	Grades Served 8-11	Catchment Info —	N/A	Distance 2.22 KM
Sigma	Public	Grades Served —	Catchment Info —	4.6 / 10	Distance 2.34 KM
New Westminster Continuing Education	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 2.34 KM
New Westminster Secondary School	Public	Grades Served 9-12	Catchment Info —	6.7 / 10	Distance 2.43 KM
POWER Alternate Secondary School	Public	Grades Served 10-12	Catchment Info —	4.8 / 10	Distance 2.53 KM
Lord Kelvin Elementary School	Public	Grades Served K-5	Catchment Info —	5.7 / 10	Distance 2.66 KM
John Knox Christian - Secondary Campus	Independent	Grades Served —	Catchment Info —	9.2 / 10	Distance 2.70 KM
Alderson Elementary	Public	Grades Served —	Catchment Info —	6.3 / 10	Distance 2.81 KM
Twelfth Avenue Elementary School	Public	Grades Served K-7	Catchment Info —	5.9 / 10	Distance 2.82 KM
Our Lady of Fatima	Independent	Grades Served —	Catchment Info —	8.7 / 10	Distance 2.88 KM

Pre-computed routes from 309 48 Richmond St, New Westminster, BC

309 48 Richmond St, New Westminster, BC Sapperton 0.9 km

44 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Sapperton → Waterfront
44 min
Metrotown, Burnaby via Sapperton → Metrotown
26 min
SFU Burnaby via Sapperton → Production Way
20 min
Richmond Centre via Sapperton → Brighouse
69 min
YVR Airport via Sapperton → YVR-Airport
70 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
21 min
Metrotown, Burnaby via Lougheed Hwy
10 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

309 48 Richmond St, New Westminster, BC is ideally located for commuters. The property is 0.9 km from Sapperton, with a 44 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 309 48 Richmond Street

Somewhat Walkable 59

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Good Transit 68

Transit Score - Good Transit

Many nearby public transportation options

Bikeable 58

Bike Score - Bikeable

Some bike infrastructure

Costs & calculators

Monthly cost about $2,777/month · rent estimate $2,054/month · owning catches up with renting by year 12 · cash flow if rented −$913/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 309 48 Richmond Street

$2,777 /month

Principal & Interest $2,116

Property Taxes $214

Maintenance fee $447

The estimated monthly cost of 309 48 Richmond Street, New Westminster is $2,777: $2,116 principal and interest with 20% down over 30 years at 4.45%, plus $214 property tax and $447 strata 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

−$913 /month

Mortgage Payment $2,116

Monthly Cash Flow −$913

Break Even Down Payment 55%

Cap Rate -2.1%

Cash on Cash -10.4%

If 309 48 Richmond Street, New Westminster were rented at $2,054 a month with 5% vacancy, it would fall $913 a month short of the mortgage and carrying costs; about 55% 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 309 48 Richmond Street, New Westminster

$2,054 / month

Rent $2,054

Own $2,777

Principal: $680/mo Interest, tax, insurance, fees: $2,097/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$570/mo (year 1) → ~$1,325/mo (year 20) → ~$1,976/mo (year 29).

Net cost to own at year 5 ~$2,097/mo About $43/mo more than renting

EstateBlock estimates 309 48 Richmond Street, New Westminster would rent for about $2,054 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: 309 48 Richmond Street

Rent vs own

Owning catches up by year 12

With 20% down ($105,000) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $37,428

Principal paid off by year 10 $84,163

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 309 48 Richmond Street, New Westminster is cheaper at first, but owning catches up by year 12, with $37,428 of principal paid off by year 5 and $84,163 by year 10.