304 48 Richmond St, New Westminster BC - Apartment/Condo for Sale - MLS# R3140185

$459,900
Est. Mortgage $2,035/mo
Gatehouse Place
1 Beds
1 Baths
895 sqft
514 $ /sqft
438.35 $ Maint. fee
1991 built
$459,900
Est. $2,035/mo with 20% down
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

Photos

Property Details for 304 48 Richmond Street

Spacious open floorplan in this meticulously maintained 1 bed 1 bath 895sf unit on the quiet side of a RAINSCREENED building! Open concept kitchen/living/dining that features an eat in kitchen with tons of cabinetry, large living/dining rooms to fit house sized furniture, cozy gas fireplace, and a west facing deck over looking greenspace. Huge primary suite including a walk in closet & cheater 4 pce ensuite. In suite laundry & separate storage room, plus 1 parking & 1 storage locker. Fantastic walkable location just a short walk to Glenbrook Ravine Park, skytrain, restaurants, cafes, shopping, groceries, community centre & pool. Very Proactive strata & many building upgrades: rainscreened (2000), re-piped (2019), updated common areas & roof 2023.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Elevator, Storage
Fireplace 1
Heating Type Baseboard, Electric
Laundry In Unit
# of Kitchens 1
Flooring Laminate
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
View Description Courtyard
Roof Metal
Structures Multi Family, Residential Attached

Building Details

Price $459,900
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 895
Year Built 1991
Age Of Building 35
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Caretaker, Trash, Hot Water, Management, Sewer, Water
Building Name Gatehouse Place
Ownership Type Freehold Strata
Maintenance Fee $438.35
Community Features Shopping Nearby
Amenities Nearby Bike Room, Caretaker, Trash, Hot Water, Management, Sewer, Water
Utility Type Community, Electricity Connected, Natural Gas 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 30

Lot & Land

MLS® # R3140185
Area New Westminster
Neighbourhood Fraserview NW
City New Westminster
Postal Code V3L 5P4
Gross Taxes $2,518.04
Zoning STRATA

Property Timeline

Status Date Price
R3140185 / Active 06-25-2026 $459,900
R3123530 / Terminated 05-13-2026 $519,900
Rooms
Floor Type Dimensions
Main Level Kitchen 8'8 x 8'8 ft
Main Level Living Room 14'10 x 14'10 ft
Main Level Dining Room 5'8 x 5'8 ft
Main Level Bedroom 11'10 x 11'10 ft
Main Level Walk-In Closet 6'5 x 6'5 ft
Main Level Laundry 5'8 x 5'8 ft
Main Level Storage 6'4 x 6'4 ft
Main Level Foyer 5'11 x 5'11 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Oakwyn Realty Ltd. & Oakwyn Realty Ltd.

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.

Map & Neighbourhood

Private Schools

Elementary
Al-Hidayah School
Average
1.64 km
4/10
Elementary,Secondary
Urban Academy Senior
Above Average
1.66 km
8.6/10

Closest Transit

Bus Stop
Southbound Richmond St @ Miner St
0.09 km
Skytrain
Skytrain @ Sapperton Stn
0.89 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
33.6%
No Certificate/Degree
Below Average
9.3%
Owner Occupied
Average
62.7%
Employment Rate
Below Average
52.2%

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
Possible

Sell Speed & Competition

72 / 100
Overall sell-speed score
Likely within weeks
A
Price competition grade
Avg comparable: $508,879
Seller's
Market conditions
Seller's market — high demand area
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.89 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 FRASERVIEW NW compares
This property
14 DOM
Very fast
Fraserview NW avg
51 DOM
Average
New Westminster avg
51 DOM
Slower market

304 48 Richmond Street has a sell-speed score of 72/100, placing it in the "Expected to sell within weeks" band. The listing is priced 10.7% below comparable active properties in Fraserview NW, which is a strong competitive signal. The local market is currently a Seller's Market with a sales-to-active ratio of 21.4% and an area average of 51 days on market — buyers are active. With only 252 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V3L 5P4

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3L 5P4, 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 (~1 km). Annual avg AQHI 0 — Low Risk.

Heat Moderate

New Westminster currently sees ~1 days 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

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 304 48 Richmond Street

Pre-computed routes from 304 48 Richmond St, New Westminster, BC

By transit (Skytrain)

  • Downtown Vancouver via Sapperton → Waterfront
    45 min
  • Metrotown, Burnaby via Sapperton → Metrotown
    27 min
  • SFU Burnaby via Sapperton → Production Way
    21 min
  • Richmond Centre via Sapperton → Brighouse
    70 min
  • YVR Airport via Sapperton → YVR-Airport
    71 min

By car (off-peak)

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

Calculate your commute

304 48 Richmond St, New Westminster, BC is ideally located for commuters. The property is 0.9 km from Sapperton, with a 45 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound Richmond St @ Miner St (0.09 km). Walk Score Transit rating: Good Transit (68/100).

Walkability & Transit Near 304 48 Richmond Street

Walk Score Badge
Car-Dependent 58

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 68

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
58

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 304 48 Richmond Street

/month
Principal & Interest
Property Taxes $210
Maintenance fee 438.35
Financing 80% of the $459,900 asking price over 30 years at 4% results in approximately $2,405/month in total estimated carrying costs, $210 property tax, $438 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
This listing generates an estimated $1,799/month in rental income, leaving a -$659/month cashflow at current carrying costs. Investors targeting break-even would need roughly 51% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Fraserview NW, New Westminster

Beds Home Types Square Feet Lot Size Year Built
This Home $459,900
New Westminster Loading...
Fraserview NW Loading...

Based on 9 comparable active apartments/condos in Fraserview NW, the average asking price is $521,965. This listing is priced 11.9% below the neighbourhood average.

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 Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 304 48 Richmond Street

Walk Score Badge
Car-Dependent 58

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 68

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
58

Bike Score - Bikeable

Some bike infrastructure

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