Home New Westminster, BC Uptown NW Amara Terrace 702 1026 Queens Avenue

702 1026 Queens Ave, New Westminster BC V3M 6B2 – Condo for Sale – MLS® R3154219

702 1026 Queens Avenue, New Westminster, British Columbia V3M 6B2

New Westminster Condos for Sale

95 days on the market

$499,000

Est. monthly cost $3,020/mo

Updated with MLS® - Nov 13, 2026 at 04:40am

Amara Terrace

2 Beds

2 Baths

1024 sqft

487 $ /sqft

809.37 $ Maint. fee

1985 built

Photos

Wow, INCREDIBLE VALUE! Extremely SPACIOUS 2-bed, 2-bath CORNER UNIT, just a short walk to the New West QUAY & the SKYTRAIN! This very well cared for home features an oversized main living space, allowing for full sized living room furniture in a variety of configurations; a dedicated dining room area that can double as a home office; 2 good sized bedrooms located on OPPOSITE SIDES of the unit, for maximum privacy; and a large, FULLY COVERED BALCONY. Amara Terrace offers great amenities, including an OUTDOOR POOL and GYM/GAMES ROOM. Located just a short walk to COLUMBIA SQUARE PLAZA, with Save-On-Foods, Pharmasave, TD, BMO, Starbucks, BCL, Boston Pizza, more. Over $800k in Contingency Reserve, new elevators & new parkade membrane.

Building 26 fields Inside & out 10 fields Lot & land 7 fields

Building Details

Price	$499,000
Total Bedrooms	2
Total Bathrooms	2
Full Bathrooms	2
Half Bathrooms	0
Floor Area Total (sqft)	1024
Year Built	1985
Age Of Building	41
Building Type	Apartment/Condo
Unit Style	Corner unit
Property Type	Residential
Stories	1
Building Amenities	Bike Room, Clubhouse, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Water
Building Name	Amara Terrace
Ownership Type	Freehold Strata
Maintenance Fee	$809.37
Community Features	Shopping Nearby
Amenities Nearby	Bike Room, Clubhouse, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Recreation Facilities, Water
Utility Type	Electricity Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Underground
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions	Yes With Restrictions
Units In Development	97

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Interior Features	Elevator, Storage
Heating Type	Electric
Laundry	Common Area
# of Kitchens	1
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
View Description	CITY
Structures	Multi Family, Residential Attached

Lot & Land

MLS^® #	R3154219
Area	New Westminster
Neighbourhood	Uptown NW
City	New Westminster
Postal Code	V3M 6B2
Gross Taxes	$2,404.56
Zoning	RM-4

Property Timeline

Status	Date	Price
R3154219 / Active	08-10-2026	$499,000

Rooms

Floor	Type	Dimensions
Main Level	Foyer	9'4 x 9'4 ft
Main Level	Kitchen	8'0 x 8'0 ft
Main Level	Dining Room	10'2 x 10'2 ft
Main Level	Living Room	17'7 x 17'7 ft
Main Level	Bedroom	12'8 x 12'8 ft
Main Level	Primary Bedroom	12'2 x 12'2 ft

Bathrooms

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

Listed by: RE/MAX Select 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: Amara Terrace

1026 Queens Avenue, Uptown NW, New Westminster

Amara Terrace building details

Building

Built: 1985
Homes: 97
Construction: Concrete
Title: Freehold Strata
Strata plan: NWS2333
Managed by: Ascent Real Estate Management
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementHot WaterGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Not allowed
Rentals: Allowed

Market at Amara Terrace

For sale: 2
Median ask: $514K
Median $/sqft: $504
Days on market: 199
Sold, past year: 6

This home

$487/sqft, 3.4% below the building median of $504.

Homes for sale at Amara Terrace, New Westminster Recent sold listings in Amara Terrace, New Westminster

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

Map, sell speed & climate

SkyTrain 0.57 km · crime average · sell-speed score 51/100 (moderate pace) · flood lower risk · wildfire low

Map & area Sell speed Climate risk

Map & Neighbourhood

Nearby Restaurants, Cafes & Shops

Shopping (73 nearby)

Peonies fine flowers · 98 m · Florist
New west cleaners · 224 m · Laundry
Big box outlet · 238 m · Clothes

Restaurants (64 nearby)

Dan's diner · 92 m · Restaurant
Boston pizza · 267 m · Restaurant
Pho angkor · 277 m · Restaurant

Cafes (23 nearby)

Living tree foods · 159 m · Cafe
Starbucks · 330 m · Cafe
Serious coffee · 420 m · Cafe

Groceries (22 nearby)

Bc liquor · 237 m · Beverages
Arnies grocery · 302 m · Convenience
Best season produce · 350 m · Greengrocer

Healthcare (4 nearby)

Pharmasave · 298 m · Healthcare
Imperial pharmacy · 414 m · Healthcare
Shoppers drug mart · 583 m · Healthcare

Transit (2 nearby)

Skytrain @ new westminster stn station · 570 m · Transit
Bus stop westbound 6th ave @ 12 st · 961 m · Transit

Parks & Recreation (1 nearby)

Play area · 505 m · Playground

Private Schools

Elementary,Secondary
John Knox Christian - Secondary Campus: Above Average 0.35 km 10/10
Elementary,Secondary
John Knox Christian - Secondary Campus: Above Average 0.35 km 10/10

Closest Transit

Bus Stop
Northbound 12 St @ Queens Ave: 0.23 km
Skytrain
Skytrain @ New Westminster Stn: 0.57 km

Crime Rate

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

Demographics

Post-Secondary Education: Average 32.7%
No Certificate/Degree: Below Average 8.2%
Owner Occupied: Average 65.2%
Employment Rate: Below Average 41.9%

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

51 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $475,300

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.57 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

95 DOM

Slower than area

Uptown NW avg

50 DOM

Average

New Westminster avg

50 DOM

Faster market

702 1026 Queens Avenue has a sell-speed score of 51/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 5% above comparable active properties in Uptown 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 V3M 6B2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3M 6B2, 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 (~3.3 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

24 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
POWER Alternate Secondary School	Public	Grades Served 10-12	Catchment Info —	4.8 / 10	Distance 215 m
Royal City Alternate Program	Public	Grades Served 8-11	Catchment Info —	N/A	Distance 233 m
John Knox Christian - Secondary Campus	Independent	Grades Served —	Catchment Info —	9.2 / 10	Distance 349 m
Fraser River Middle	Public	Grades Served —	Catchment Info —	5.8 / 10	Distance 374 m
Purpose Independent Secondary School	Independent	Grades Served 8-12	Catchment Info —	4.0 / 10	Distance 643 m
Compass Christian New West	Independent	Grades Served —	Catchment Info —	6.4 / 10	Distance 745 m
Al-Hidayah School	Independent	Grades Served —	Catchment Info —	4.0 / 10	Distance 811 m
Lord Kelvin Elementary School	Public	Grades Served K-5	Catchment Info —	5.7 / 10	Distance 1.18 KM
New Westminster Secondary School	Public	Grades Served 9-12	Catchment Info —	6.7 / 10	Distance 1.59 KM
Sigma	Public	Grades Served —	Catchment Info —	4.6 / 10	Distance 1.65 KM
Herbert Spencer Elementary School	Public	Grades Served K-5	Catchment Info —	6.9 / 10	Distance 1.67 KM
Lord Tweedsmuir Elementary	Public	Grades Served —	Catchment Info —	6.1 / 10	Distance 1.73 KM
St. Thomas More Collegiate	Independent	Grades Served —	Catchment Info —	8.3 / 10	Distance 1.89 KM
New Westminster Continuing Education	Public	Grades Served —	Catchment Info —	6.7 / 10	Distance 1.90 KM
Twelfth Avenue Elementary School	Public	Grades Served K-7	Catchment Info —	5.9 / 10	Distance 1.91 KM
Ecole Glenbrook Middle School	Public	Grades Served —	Catchment Info —	6.5 / 10	Distance 1.96 KM
Queensborough Middle School	Public	Grades Served 5-8	Catchment Info —	N/A	Distance 2.28 KM
New Westminster Online Schools	Public	Grades Served —	Catchment Info —	N/A	Distance 2.39 KM
Connaught Heights Elementary	Public	Grades Served —	Catchment Info —	6.9 / 10	Distance 2.54 KM
Queen Elizabeth Elementary School	Public	Grades Served K-4	Catchment Info —	6.5 / 10	Distance 2.62 KM
John Knox Christian - Elementary Campus	Independent	Grades Served —	Catchment Info —	9.3 / 10	Distance 2.63 KM
F W Howay Elementary	Public	Grades Served —	Catchment Info —	7.8 / 10	Distance 2.67 KM
Bridgeview Elementary School	Public	Grades Served K-7	Catchment Info —	4.3 / 10	Distance 2.78 KM
Taylor Park Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.94 KM

Pre-computed routes from 702 1026 Queens Ave, New Westminster, BC

702 1026 Queens Ave, New Westminster, BC New Westminster 0.6 km

39 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via New Westminster → Waterfront
39 min
Metrotown, Burnaby via New Westminster → Metrotown
21 min
SFU Burnaby via New Westminster → Production Way
19 min
Richmond Centre via New Westminster → Brighouse
64 min
YVR Airport via New Westminster → YVR-Airport
65 min

By car (off-peak)

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

Calculate your commute

702 1026 Queens Ave, New Westminster, BC is ideally located for commuters. The property is 0.6 km from New Westminster, with a 39 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound 12 St @ Queens Ave (0.23 km). Walk Score Transit rating: Excellent Transit (81/100).

Walkability & Transit Near 702 1026 Queens Avenue

Walker's Paradise 93

Walk Score - Walker's Paradise

Daily errands do not require a car

Excellent Transit 81

Transit Score - Excellent Transit

Transit is convenient for most trips

Somewhat Bikeable 46

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Costs & calculators

Monthly cost about $3,020/month · rent estimate $2,055/month · owning catches up with renting by year 25 · cash flow if rented −$1,126/month

Mortgage Cash flow Rent estimate Rent vs own

Mortgage Calculator for 702 1026 Queens Avenue

$3,020 /month

Principal & Interest $2,011

Property Taxes $200

Maintenance fee $809

The estimated monthly cost of 702 1026 Queens Avenue, New Westminster is $3,020: $2,011 principal and interest with 20% down over 30 years at 4.45%, plus $200 property tax and $809 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

−$1,126 /month

Mortgage Payment $2,011

Monthly Cash Flow −$1,126

Break Even Down Payment 65%

Cap Rate -2.7%

Cash on Cash -13.5%

If 702 1026 Queens Avenue, New Westminster were rented at $2,055 a month with 5% vacancy, it would fall $1,126 a month short of the mortgage and carrying costs; about 65% 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 702 1026 Queens Avenue, New Westminster

$2,055 / month

Rent $2,055

Own $3,020

Principal: $647/mo Interest, tax, insurance, fees: $2,373/mo

Example shown is the principal portion at year 5 of the mortgage. It grows over the loan: ~$541/mo (year 1) → ~$1,259/mo (year 20) → ~$1,878/mo (year 29).

Net cost to own at year 5 ~$2,373/mo About $318/mo more than renting

EstateBlock estimates 702 1026 Queens Avenue, New Westminster would rent for about $2,055 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: 702 1026 Queens Avenue

Rent vs own

Owning catches up by year 25

With 20% down ($99,800) at 4.45%: renting is cheaper at first, but principal paydown closes the gap

Principal paid off by year 5 $35,574

Principal paid off by year 10 $79,995

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 702 1026 Queens Avenue, New Westminster is cheaper at first, but owning catches up by year 25, with $35,574 of principal paid off by year 5 and $79,995 by year 10.