504 550 Eighth St, New Westminster BC - Apartment/Condo for Sale - MLS# R3129100

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Listing updated:
EstateBlock checked:
Parkridge
2 Beds
1 Baths
1001 sqft
425 $ /sqft
601.76 $ Maint. fee
1982 built
Closed
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This property sold for
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Listing updated:
EstateBlock checked:

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

Map & Neighbourhood

Public Schools

Elementary
Lord Kelvin Elementary School
Average 0.47 km 5.7/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary,Secondary
John Knox Christian - Secondary Campus
Above Average 0.87 km 10/10
Elementary,Secondary
John Knox Christian - Secondary Campus
Above Average 0.87 km 10/10

Closest Transit

Bus Stop
Westbound Sixth Ave @ Eighth St
0.05 km
Skytrain
Skytrain @ New Westminster Stn
1.33 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average 26.1%
No Certificate/Degree
Average 13.6%
Owner Occupied
Below Average 58.9%
Employment Rate
Average 56.1%

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

64 / 100
Overall sell-speed score
Moderate pace expected
A
Price competition grade
Avg comparable: $494,700
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 1.33 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 UPTOWN NW compares
This property
91 DOM
Slower than area
Uptown NW avg
30 DOM
Average
New Westminster avg
30 DOM
Faster market

504 550 Eighth Street has a sell-speed score of 64/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 16.4% below comparable active properties in Uptown 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 may take several weeks to attract serious offers.

Climate Risk for V3M 3R9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3M 3R9, 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 (~2.8 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

Shopping (78 nearby)

  • Winners · 205 m · Department Store
  • Posh digits · 208 m · Beauty Shop
  • Label express · 236 m · Clothes

Restaurants (56 nearby)

  • Panago · 109 m · Fast Food
  • Sushi farm · 134 m · Fast Food
  • Hi dozo sushi · 228 m · Restaurant

Groceries (26 nearby)

  • No. 8th street grocery · 125 m · Convenience
  • Save-on-foods · 157 m · Supermarket
  • Jak's · 258 m · Beverages

Cafes (23 nearby)

  • Starbucks · 162 m · Cafe
  • Connections café · 197 m · Cafe
  • Lucy's cafe & bakery · 216 m · Cafe

Healthcare (7 nearby)

  • Shoppers drug mart · 276 m · Healthcare
  • Pharmasave · 295 m · Healthcare
  • Belmont pharmacy · 319 m · Healthcare

Transit (1 nearby)

  • Bus stop westbound 8th ave @ 12 st · 726 m · Transit

Schools NearBy

26 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Lord Kelvin Elementary School

Public

Grades Served

K-5

Catchment Info

In Catchment
5.7 / 10

Distance

467 m

New Westminster Secondary School

Public

Grades Served

9-12

Catchment Info

6.7 / 10

Distance

661 m

Sigma

Public

Grades Served

Catchment Info

4.6 / 10

Distance

706 m

Fraser River Middle

Public

Grades Served

Catchment Info

5.8 / 10

Distance

862 m

Royal City Alternate Program

Public

Grades Served

8-11

Catchment Info

0

Distance

869 m

John Knox Christian - Secondary Campus

Independent

Grades Served

Catchment Info

9.2 / 10

Distance

869 m

New Westminster Continuing Education

Public

Grades Served

Catchment Info

6.7 / 10

Distance

957 m

Herbert Spencer Elementary School

Public

Grades Served

K-5

Catchment Info

6.9 / 10

Distance

1.01 KM

Twelfth Avenue Elementary School

Public

Grades Served

K-7

Catchment Info

5.9 / 10

Distance

1.02 KM

Al-Hidayah School

Independent

Grades Served

Catchment Info

4.0 / 10

Distance

1.05 KM

Compass Christian New West

Independent

Grades Served

Catchment Info

6.4 / 10

Distance

1.10 KM

St. Thomas More Collegiate

Independent

Grades Served

Catchment Info

8.3 / 10

Distance

1.12 KM

POWER Alternate Secondary School

Public

Grades Served

10-12

Catchment Info

4.8 / 10

Distance

1.16 KM

Purpose Independent Secondary School

Independent

Grades Served

8-12

Catchment Info

4.0 / 10

Distance

1.34 KM

Ecole Glenbrook Middle School

Public

Grades Served

Catchment Info

6.5 / 10

Distance

1.36 KM

Lord Tweedsmuir Elementary

Public

Grades Served

Catchment Info

6.1 / 10

Distance

1.53 KM

John Knox Christian - Elementary Campus

Independent

Grades Served

Catchment Info

9.3 / 10

Distance

1.75 KM

F W Howay Elementary

Public

Grades Served

Catchment Info

7.8 / 10

Distance

1.92 KM

New Westminster Online Schools

Public

Grades Served

Catchment Info

0

Distance

2.12 KM

Cariboo Hill Secondary School

Public

Grades Served

8-12

Catchment Info

6.3 / 10

Distance

2.35 KM

Connaught Heights Elementary

Public

Grades Served

Catchment Info

6.9 / 10

Distance

2.42 KM

Skwo:wech

Public

Grades Served

Catchment Info

7.2 / 10

Distance

2.48 KM

Taylor Park Elementary School

Public

Grades Served

K-7

Catchment Info

7.7 / 10

Distance

2.63 KM

Lakeview Elementary School

Public

Grades Served

K-7

Catchment Info

7.4 / 10

Distance

2.66 KM

Armstrong Elementary

Public

Grades Served

Catchment Info

7.3 / 10

Distance

2.83 KM

Queensborough Middle School

Public

Grades Served

5-8

Catchment Info

0

Distance

2.93 KM

Pre-computed routes from 504 550 Eighth St, New Westminster, BC

By transit (Skytrain)

  • Downtown Vancouver via New Westminster → Waterfront
    48 min
  • Metrotown, Burnaby via New Westminster → Metrotown
    30 min
  • SFU Burnaby via New Westminster → Production Way
    28 min
  • Richmond Centre via New Westminster → Brighouse
    73 min
  • YVR Airport via New Westminster → YVR-Airport
    74 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    19 min
  • Metrotown, Burnaby via Lougheed Hwy
    7 min
  • SFU Burnaby via Gaglardi Way
    6 min
  • Richmond Centre via No. 3 Rd
    19 min
  • YVR Airport via Bridgeport / Sea Island
    22 min

Calculate your commute

504 550 Eighth St, New Westminster, BC is ideally located for commuters. The property is 1.3 km from New Westminster, with a 48 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Sixth Ave @ Eighth St (0.05 km). Walk Score Transit rating: Good Transit (67/100).

Walkability & Transit Near 504 550 Eighth Street

Walk Score Badge
Car-Dependent 97

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 67

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
68

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 504 550 Eighth Street

/month
Principal & Interest
Property Taxes $191
Maintenance fee 601.76
Based on a 30-year fixed at 4% interest with 20% down ($85,000), the estimated monthly payment for this listing is $2,416/month — $1,623 principal & interest, $191 property tax, $602 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:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $1,663/month, this property runs a $801/month shortfall after mortgage and carrying costs. Break-even requires approximately 60% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 504 550 Eighth 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.

Price vs Neighbourhood Average — Uptown NW, New Westminster

Beds Home Types Square Feet Lot Size Year Built
This Home
New Westminster Loading...
Uptown 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

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Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 504 550 Eighth Street

Walk Score Badge
Car-Dependent 97

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 67

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
68

Bike Score - Bikeable

Some bike infrastructure

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