205 550 Royal Ave, New Westminster, BC, MLS® R2843778

$598,000
Est. Mortgage /mo

Closed

$595,000
Closed at 28 Feb 2024
Listing price: $598,000
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
2 Beds
1 Baths
1 Stories
$ 370.96 Maint. Fee
899 sqft
1981 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Completely remodeled large 2-bedroom, 1-bathroom unit featuring an expansive balcony - this 900-square-foot unit is expertly crafted for hosting guests, boasting an open floor plan, a stylish built-in bar, a generously-sized living area, and an impressive 350+ square-foot balcony with river views. This property is a true gem! Nestled in the highly sought-after downtown area of New Westminster, it offers quick access to shopping, public transportation, dining options, Douglas College, and the New West Quay. The building has undergone substantial upgrades, including a rain screening in 2005, repiping in 2005, and elevator installation in 2015. Pets are welcome, with allowances for either one dog or two cats (max total weight 35Ibs). And Low strata fees!

General Info

Price $598,000
Total Bedrooms 2
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 899
Lot Size -
Lot Size Depth -
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1981
Age Of Building 43
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Trash
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS # R2843778
Area New Westminster
Neighbourhood Downtown NW
City New Westminster
Gross Taxes $2,059.12
Ownership Type Freehold Strata
Maintenance Fee $370.96
Community Features Shopping Nearby
Amenities Nearby Trash

Heating & Cooling

Fireplace 1
Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Garage Under Building, Rear Access
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions -
Zoning C4
Rental Suites None
# of Kitchens 1
Foundation Concrete Perimeter
Interior Features Elevator
View -
View Description -
Units In Development 54
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer
Roof Torch-On

Property History

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Status Date Price
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Listed by: Stonehaus Realty Corp.

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.

Neighborhood Info

Public Schools

Elementary
École Qayqayt Elementary
Above Average
0.42 km
Rating 7.2/10
Middle
Fraser River Middle School
0.53 km
No Rating

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

Private Schools

Elementary, Secondary
Urban Academy
0.38 km
No Rating
Elementary, Secondary
Urban Academy
0.38 km
No Rating

Closest Transit

Translink
Northbound 6th St @ Royal Ave
0.1 km

205 550 Royal Avenue is serviced by École Qayqayt Elementary. The property with listing MLS® R2843778 is located 0.42 km from the school. École Qayqayt Elementary has a rating of Rating 7.2/10.

The closest Elementary independent school to this home for sale located at 205 550 Royal Avenue is Urban Academy with School's rating No Rating, located 0.38 km from this home.

The closest to this address 205 550 Royal Avenue Secondary independent school is Urban Academy with School's rating No Rating, located 0.38 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 5,584 volation disturbances in this neighbourhood. The overall crime rate near the address - 205 550 Royal Avenue, New westminster, BC is 6,761.11. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Average rate in 2020. Year by year change in the total crime rate is -10.42%

Drug crime rate next to the listing MLS® R2843778 is Below Average comparing to other neighbourhoods. The illegal substances offences rating is 134.4. There were 111 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is -5.34%

Property crimes in the neighbourhood close to real estate listing for sale 205 550 Royal Avenue are Average. Property misconduct rating adjacent to MLS® R2843778 is 3,807.97. There were 3,145 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -11.79%

There were 1,143 violent lawbreaking disorders in 2020. 1,383.94 and it is Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is -5.91%

The closest Bus station is Northbound 6th St @ Royal Ave in 0.1 km away from this listing with - MLS® R2843778.

37.7% of people with university certificate/degree live in this neighbourhood adjacent to the 205 550 Royal Avenue which is High in comparison with other BC neighbourhoods. 5.8% of population in this neighbourhood that is near the Listing MLS® R2843778 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 205 550 Royal Avenue, New westminster, BC is $63502 which is Average in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2843778 is $40092 which is Above Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 80% which is High.

Unemployment rate in the area around Real Estate Listing # R2843778 is 5.4 which is Low in comparison to the other province neighbourhoods.

This real estate is located in 205 550 Royal Avenue Downtown NW where population change between 2011 and 2016 was 19.4%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 205 550 Royal Avenue, New westminster, BC is 9970.8 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 205 550 Royal Avenue is 2.4. This is Low number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2843778 is 36.5% and it is Low. % of Married or living common law is around 51.5% and it is Below Average.

Average age of the population close to the 205 550 Royal Avenue is 39.4 . This percentage is Below Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 205 550 Royal Avenue, New westminster, BC is $345210 and this is Average comparing to other areas in British Columbia

Average Owner payments are Above Average in the area adjacent to 205 550 Royal Avenue. $1396 owners spent in average for the dwelling. Tenants are paying $1201 in this district close to MLS® R2843778 and it is Above Average comparing to other cities.

37.7% of Population in this district near the 205 550 Royal Avenue are Renters and it is Above Average comparing to other BC cities and areas.

% of English and French speakers around real estate listing 205 550 Royal Avenue, New westminster, BC is 8.3%, it is Average, % of English speakers only is 88.8% and Below Average. % of Neither English nor French speakers close to home for sale 205 550 Royal Avenue, New westminster, BC is 2.8% and it is Above Average comparing to other BC cities.

47.3% of all population in the area around this property with the address 205 550 Royal Avenue, New westminster, BC using Public Transport which is High, 45.8% of using population are using Cars around MLS® R2843778, which is Low. 1% of people using Bicycles around the 205 550 Royal Avenue and it is Average. 5.1% of population are walking which is Average

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 370.96
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $598,000
New westminster $556,222
Downtown NW $535,000
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

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
Call or Text Now!
Thank you Your message has been sent

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