503 320 Royal Ave, New Westminster, BC, MLS® R3060044

$415,000
Est. Mortgage /mo

$415,000
$424,000
Est. Mortgage /mo
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
1 Beds
1 Baths
1 Stories
$ 414.82 Maint. Fee
618 sqft
1975 built
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Map
Street view
Schools
Crime
Commute
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503 320 Royal Ave, New Westminster, BC | MLS® R3060044 Property Details

This remarkable location! Walkability score of 89, only 1/2 block to École Qayqayt Elementary; 2 1/2 blocks to Columbia Sky Train; Columbia Street, Anvil Centre, Pier Park; across Royal Ave to Tipperary Park, historic Queens Park neighbourhood, New West Tennis courts and clubhouse. Recent improvements to this concrete high rise include exterior concrete work and painting, new energy efficient boilers for heat and hot water, elevator modernization, new building power transformers; all add to a good investment. Both pets and rentals allowed with restrictions.

General Info

Price $415,000
Total Bedrooms 1
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 618
Lot Size -
Lot Size Depth Feet
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1975
Age Of Building 50
Building Type Apartment/Condo
Property Type Residential
Stories 1
Appliances Included Dishwasher, Refrigerator, Stove, Microwave
Building Amenities Bike Room, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Heat, Hot Water, Management, Sewer, Snow Removal, Water
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3060044
Area New Westminster
Neighbourhood Downtown NW
City New Westminster
Gross Taxes $1,850.34
Ownership Type Freehold Strata
Maintenance Fee $414.82
Community Features Shopping Nearby
Amenities Nearby Bike Room, Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Heat, Hot Water, Management, Sewer, Snow Removal, Water

Heating & Cooling

Fireplace 0
Heating Type Baseboard, Hot Water, Natural Gas

Utilities

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

Parking

Parking Type Additional Parking, Underground, Guest, Lane Access
Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Yes With Restrictions
Rental Restrictions -
Zoning RESID.
Rental Suites -
Laundry Common Area
# of Kitchens 1
Flooring Laminate, Tile
Foundation Slab
Interior Features Elevator
Locker 1
View 1
View Description Tipperary ParK and City Hall g
Units In Development 112
Exterior Features Garden, Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt, Torch-On

Property History

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Status Date Price
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Listed by: Macdonald Realty Westmar

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
0.16 km
7.2/10
Middle
Fraser River Middle School
0.77 km

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

Private Schools

Elementary, Secondary
Urban Academy
0.14 km
Elementary, Secondary
Urban Academy
0.14 km

Closest Transit

Bus Stop
Northbound Fourth St @ Agnes St
0.14 km
Skytrain
Skytrain @ Columbia Stn
0.29 km

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

Welcome to 503 320 Royal Avenue, a beautiful property nestled in the heart of New Westminster, BC. As a seasoned realtor, I'm excited to share with you the highlights of this fantastic community.

Schools

Let's start with the schools. École Qayqayt Elementary, located just 0.16 km from the property, has a rating of 7.2/10. This school is a great option for families, with a strong focus on academic excellence and a supportive community. If you're looking for a secondary school, Urban Academy is just 0.14 km away, with a rating of 8.9/10. Both schools offer a safe and nurturing environment for your children to thrive.

Safety

According to the latest crime data from Statistics Canada (2020), the area around 503 320 Royal Avenue, New Westminster, BC (MLS® R3060044) has an overall crime rate of 6,761.11, which is considered Average compared to other Canadian cities. However, I'd like to emphasize that the rate of 5,584 volation disturbances in this neighborhood is relatively low, providing you with peace of mind. Additionally, the rate of property crimes is Average, with a rating of 3,807.97. The area also has a Below Average rate of drug-related crimes, with a rating of 134.4.

Demographics

This vibrant community is home to a diverse population. According to the latest census data, 28.2% of residents in the New Westminster neighborhood, where 503 320 Royal Avenue is located, have a university certificate or degree, which is Above Average compared to other BC neighborhoods. On the other hand, 9.8% of the population does not have a certificate or degree, which is Low compared to the average in BC.

Transit

Getting around is easy in this community. The closest bus station, Northbound Fourth St @ Agnes St, is just 0.14 km away from the property. With a high percentage of residents using public transport (44.1%), you'll have plenty of options to get where you need to go.

Lifestyle Amenities

New Westminster offers a wide range of lifestyle amenities, making it an attractive choice for families and professionals alike. The average household income in the area is $53,867, which is Below Average compared to the British Columbia average. However, the median personal income is $36,445, which is Average. The area also has a High percentage of households with a mortgage (80%).

Real Estate Context

The average value of dwellings in this neighborhood is $308,910, which is Average compared to other areas in British Columbia. The average owner payments are Average, with owners spending $1,270 per month on their dwelling. Tenants, on the other hand, pay an average of $980 per month, which is Average. Notably, 58.4% of the population in this district are renters, which is High compared to other BC cities.

Community

This community is a hub of activity, with a diverse population and a range of lifestyle amenities. The population density per square kilometer is 7,086.6, which is High. The average age of the population is 41.2 years, which is Average compared to other BC cities. The area also has a Low average family size of 2.3 people and a Low percentage of families with children (39.1%).

Getting Around

Getting around is easy in this community. 44.1% of residents use public transport, 46.9% use cars, and 8.4% walk. While 0.6% of residents use bicycles, it's Below Average compared to other areas.

In conclusion, 503 320 Royal Avenue, New Westminster, BC (MLS® R3060044) is a fantastic property in a vibrant community. With its proximity to excellent schools, safe neighborhoods, and a range of lifestyle amenities, this property is an attractive choice for families and professionals alike. As a seasoned realtor, I'm excited to help you make this property your home.

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
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 $415,000
New Westminster $415,422
Downtown NW $434,967
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
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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