Home > All listings > 116 500 Royal Avenue

$569,000

^$30,000

116 500 Royal Avenue

Downtown NW, New Westminster, BC, V3L 0G5

1 | 1 | 1 | 653 sq.ft. | Year Built: 2014 |

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Welcome to this stunning 1 bedroom plus den (653 sq ft) home at Dominion, one of New Westminster’s premier six-storey buildings. This southeast-facing unit overlooks the quiet side of the building, offering both privacy and tranquility. Featuring an open-concept layout, the kitchen showcases elegant white shaker cabinetry, Kohler fixtures, halogen track lighting, and stainless steel appliances. Enjoy over 200 sq ft of outdoor living space—perfect for relaxing or entertaining. The home also features porcelain tile in the bathroom and wood flooring throughout the living areas. Durable Hardy plank exterior is ideal for our West Coast climate. Conveniently located across from City Hall and just two blocks to Columbia SkyTrain Station. Includes one parking stall and one storage locker.

Property Info

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MLS®: R3094648

Listing Courtesy of Royal First Realty

Total Bedrooms 1

Total Bathrooms 1

Floor Space 653 sq.ft.

Title Freehold Strata

Date Listed XXXX-XX-XX

Property Type Condo

Listed Price $569,000

Unit Pricing $871/sq.ft.

Strata Fee $322.47

Tax Estimate $2,461/Year

Year Built 2014

Interior Features

Rooms

More Details

Floor Space Finished 653.00 sq.ft.

Rules Yes With Restrictions

Roof XXXXXXXXXXXXXXXX

Zoning RM6

Floor Finish XXXXXXXXXXXXXXXXXXXXXXXX

Exterior Finish XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Parking Underground, Guest, Rear Access, Garage Door Opener

Parking Cover 1

Parking Total 1

Fuel Heating Baseboard, Electric

Water Supply XXXXXX

Foundation Concrete Perimeter

Summary

Location and General Information

Architectural Style: Ground Level Unit
MLS Area Major: New Westminster
Street Name: Royal
City: New Westminster
State Or Province: BC
Postal Code: V3L 0G5
Property Type: Residential
Property Sub Type: Apartment/Condo

Taxes and HOA Information

Tax Year: 2025

Interior and Exterior Features

Bathrooms Information

Bathrooms Full: 1

Interior Features

Flooring: Laminate, Wall/Wall/Mixed
Basement: None
Interior Features: Elevator, Storage

Exterior Features

Exterior Features: Balcony
Roof: Asphalt, Torch-On

Property

Utilities

Sewer: Public Sewer, Sanitary Sewer, Storm Sewer
Water Source: Public

Property and Assessments

Foundation Details: Concrete Perimeter
Year Built: 2014
Building Area Total: 653
Living Area: 653

Lot Information

Lot Features: Marina Nearby, Recreation Nearby
Parcel Number: 029250234

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City Introduction

Overview of New Westminster, BC, Canada

Population

New Westminster is a historic city in the Greater Vancouver region of British Columbia, with a population of approximately 71,000 (2016). The population density is 4,543.4 people per square kilometer. New Westminster is a multicultural city, with about 34,275 residents belonging to visible minorities, including a significant Chinese community. The city's annual population growth rate is 7.6%, higher than the national average.

Economy

Key Industries: Transportation, healthcare, and port logistics. New Westminster's top employers include TransLink, Royal Columbia Hospital, and Port Metro Vancouver, providing stable job opportunities.
Commercial Centers: Columbia Street and Uptown are the main commercial areas, offering a variety of retail shops and dining options.
Educational Resources: New Westminster is home to Douglas College and the Justice Institute of British Columbia, contributing to a skilled workforce and innovation.

Living Features

Natural Environment: New Westminster boasts abundant natural landscapes, including Queen's Park and the Fraser River waterfront trails, ideal for outdoor activities.
Transportation: New Westminster is well-connected to downtown Vancouver via SkyTrain and bus systems, with a commute time of about 30 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: New Westminster's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.2 million CAD and condos around $600,000 CAD (2024).

Opportunities:

Stable rental market: New Westminster's universities and job opportunities attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

New Westminster is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Downtown and Uptown, while properties near SkyTrain stations are attractive for investors.

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