Home New Westminster, BC Fraserview NW Governor'S Court 401 78 Richmond Street

401 78 Richmond St, New Westminster BC - Apartment/Condo for Sale - MLS# R3121239

130 days on the market

$738,000

Est. Mortgage $3,265/mo

Listing updated: Jul 3, 2026 at 10:27am

EstateBlock checked: Sep 14, 2026 at 01:20am

Governers Court

2 Beds

2 Baths

1416 sqft

521 $ /sqft

702.99 $ Maint. fee

1994 built

130 days on the market

$738,000

$768,000

Est. $3,265/mo with 20% down

Listing updated: Jul 3, 2026 at 10:27am

EstateBlock checked: Sep 14, 2026 at 01:20am

Photos

Exterior Front Photo of 401 78 Richmond Street, New Westminster, BC

Exterior Rear Photo of 401 78 Richmond Street, New Westminster, BC

Living Room Photo of 401 78 Richmond Street, New Westminster, BC

Family Room Photo of 401 78 Richmond Street, New Westminster, BC

Dining Area Photo of 401 78 Richmond Street, New Westminster, BC

Kitchen Photo of 401 78 Richmond Street, New Westminster, BC

Kitchen Island Photo of 401 78 Richmond Street, New Westminster, BC

Pantry Photo of 401 78 Richmond Street, New Westminster, BC

Breakfast Nook Photo of 401 78 Richmond Street, New Westminster, BC

Primary Bedroom Photo of 401 78 Richmond Street, New Westminster, BC

GROUND FLOOR UNIT! Welcome to Governors Court in the heart of New Westminster’s Fraserview. This beautiful unit offers over 1400 SQ.FT of bright, spacious, and elegant living, dining, and bedroom spaces. Breathtaking river-views from all front facing rooms, as well as two large balconies/patios. Two bedrooms, two full bath rooms, gas fireplace + fully renovated kitchen & bathroom in primary bedroom. Meticulously maintained gardens offering a private and serene environment. Amenities include visitor parking, guest suite, and spacious underground storage + parking. Situated on a quiet street just moments away dining, shopping, transit and more!

Interior Features

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

Exterior Features

Exterior Features	Balcony
View Description	Fraser River & Port Mann Brdg.
Structures	Multi Family, Residential Attached

Building Details

Price	$738,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1416
Year Built	1994
Age Of Building	32
Building Type	Apartment/Condo
Property Type	Residential
Architecture Style	Ground Level Unit
Stories	0
Building Amenities	Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal
Building Name	Governers Court
Ownership Type	Freehold Strata
Maintenance Fee	$702.99
Community Features	Adult Oriented
Amenities Nearby	Trash, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer
Water (WaterSource)	Public
Parking Type	Underground
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Number Limit (One), Yes With Restrictions
Units In Development	125

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3121239
Area	New Westminster
Neighbourhood	Fraserview NW
City	New Westminster
Postal Code	V3L 5T2
Gross Taxes	$3,115.89
Zoning	RM-2A

Property Timeline

Status	Date	Price
R3121239 / Active	05-07-2026	$738,000

Rooms

Floor	Type	Dimensions
Main Level	Living Room	15'0 x 15'0 ft
Main Level	Kitchen	11'2 x 11'2 ft
Main Level	Dining Room	10'11 x 10'11 ft
Main Level	Primary Bedroom	15'9 x 15'9 ft
Main Level	Bedroom	10'7 x 10'7 ft
Main Level	Laundry	7'10 x 7'10 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	Yes	#4
Main Level	No	#4

Listed by: RE/MAX Masters Realty & RE/MAX Masters 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.

Map & Neighbourhood

Private Schools

Elementary
Urban Academy Junior: Above Average 1.49 km 9/10
Elementary,Secondary
Urban Academy Senior: Above Average 1.49 km 8.6/10

Closest Transit

Bus Stop
Northbound Richmond St @ Miner St: 0.12 km
Skytrain
Skytrain @ Sapperton Stn: 0.73 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

44 / 100

Overall sell-speed score

May take longer

Price competition grade

Avg comparable: $615,492

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.73 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

130 DOM

Slower than area

Fraserview NW avg

50 DOM

Average

New Westminster avg

50 DOM

Faster market

401 78 Richmond Street has a sell-speed score of 44/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 16.6% 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 only 374 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V3L 5T2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3L 5T2, 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 (~0.9 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 (8 nearby)

Quesada · 566 m · Fast Food
L'onore pizza · 591 m · Restaurant
Steve's poké bar · 626 m · Restaurant

Shopping (4 nearby)

Shoppers drug mart · 644 m · Pharmacy
Royal city · 651 m · Post Office
Pure integrative pharmacy · 730 m · Pharmacy

Groceries (3 nearby)

Save-on-foods · 580 m · Supermarket
Bak'd cookies · 673 m · Bakery
Victoria hill market · 691 m · Convenience

Cafes (3 nearby)

Take five cafe · 548 m · Cafe
Mira caffe · 574 m · Cafe
Corner cafe · 679 m · Cafe

Healthcare (3 nearby)

Shoppers drug mart · 644 m · Healthcare
Pure integrative pharmacy · 730 m · Healthcare
Columbia prescription xpress · 827 m · Healthcare

Transit (2 nearby)

Skytrain @ sapperton stn station · 730 m · Transit
Bus stop westbound 6th ave @ mcbride blvd · 961 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 175 m
Skwo:wech	Public	Grades Served —	Catchment Info —	7.2 / 10	Distance 873 m
Ecole Glenbrook Middle School	Public	Grades Served —	Catchment Info —	6.5 / 10	Distance 1.08 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 1.41 KM
Urban Academy Junior	Independent	Grades Served —	Catchment Info —	9.0 / 10	Distance 1.49 KM
Urban Academy Senior	Independent	Grades Served —	Catchment Info —	8.8 / 10	Distance 1.49 KM
Home Learners Program	Public	Grades Served —	Catchment Info —	10.0 / 10	Distance 1.56 KM
Al-Hidayah School	Independent	Grades Served —	Catchment Info —	4.0 / 10	Distance 1.78 KM
Cariboo Hill Secondary School	Public	Grades Served 8-12	Catchment Info —	6.3 / 10	Distance 1.80 KM
St.Michaels School	Independent	Grades Served K-7	Catchment Info —	0	Distance 1.87 KM
Compass Christian New West	Independent	Grades Served —	Catchment Info —	6.4 / 10	Distance 1.88 KM
Armstrong Elementary	Public	Grades Served —	Catchment Info —	7.3 / 10	Distance 1.90 KM
John Knox Christian - Elementary Campus	Independent	Grades Served —	Catchment Info —	9.3 / 10	Distance 1.97 KM
Fraser River Middle	Public	Grades Served —	Catchment Info —	5.8 / 10	Distance 2.19 KM
Purpose Independent Secondary School	Independent	Grades Served 8-12	Catchment Info —	4.0 / 10	Distance 2.23 KM
New Westminster Continuing Education	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 2.32 KM
Sigma	Public	Grades Served —	Catchment Info —	4.6 / 10	Distance 2.33 KM
Royal City Alternate Program	Public	Grades Served 8-11	Catchment Info —	0	Distance 2.33 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 2.65 KM
Alderson Elementary	Public	Grades Served —	Catchment Info —	6.3 / 10	Distance 2.68 KM
Lord Kelvin Elementary School	Public	Grades Served K-5	Catchment Info —	5.7 / 10	Distance 2.69 KM
Our Lady of Fatima	Independent	Grades Served —	Catchment Info —	8.7 / 10	Distance 2.74 KM
John Knox Christian - Secondary Campus	Independent	Grades Served —	Catchment Info —	9.2 / 10	Distance 2.79 KM
Twelfth Avenue Elementary School	Public	Grades Served K-7	Catchment Info —	5.9 / 10	Distance 2.81 KM

Pre-computed routes from 401 78 Richmond St, New Westminster, BC

401 78 Richmond St, New Westminster, BC Sapperton 0.7 km

43 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Sapperton → Waterfront
43 min
Metrotown, Burnaby via Sapperton → Metrotown
25 min
SFU Burnaby via Sapperton → Production Way
19 min
Richmond Centre via Sapperton → Brighouse
68 min
YVR Airport via Sapperton → YVR-Airport
69 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

401 78 Richmond St, New Westminster, BC is ideally located for commuters. The property is 0.7 km from Sapperton, with a 43 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Richmond St @ Miner St (0.12 km). Walk Score Transit rating: Excellent Transit (71/100).

Walkability & Transit Near 401 78 Richmond Street

Car-Dependent 67

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Some Transit 71

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat
Bikeable 58

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 401 78 Richmond Street

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $260

Maintenance fee 702.99

Financing 80% of the $738,000 asking price over 30 years at 4% results in approximately $3,782/month in total estimated carrying costs, $260 property tax, $703 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 3, 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

This listing generates an estimated $2,671/month in rental income, leaving a -$1,171/month cashflow at current carrying costs. Investors targeting break-even would need roughly 54% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 401 78 Richmond Street, New Westminster

Buy Vs Rent Calculator

— / month

Rent —

Own —

Principal: — Interest, tax, insurance, fees: —

Rent vs own

—

Principal paid off by year 5 —

Principal paid off by year 10 —

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.