306 48 Richmond St, New Westminster BC - Apartment/Condo for Sale - MLS# R3097355

$499,999
Est. Mortgage $2,212/mo
Gatehouse Place
1 Beds
1 Baths
888 sqft
563 $ /sqft
452.75 $ Maint. fee
1991 built
10.7% price reduction
$499,999
$559,999
Est. $2,212/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 306 48 Richmond Street

10.7% price reduction

Welcome to Gatehouse Place! This bright and spacious 1 bedroom, 1 bathroom home offers open-concept living designed for comfort and ease. Natural light fills the generous living and dining areas, creating an inviting space to relax or entertain while enjoying beautiful mountain and Fraser River views. The well-sized bedroom features a walk-in closet for excellent storage, and a storage locker is included for added convenience. Move-in ready and well maintained, this home is ideally located in New Westminster close to parks, shopping, transit, and everyday amenities.

Interior Features

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

Exterior Features

Exterior Features Balcony
View Description Mountain and Fraser River
Roof Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $499,999
Total Bedrooms 1
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 888
Year Built 1991
Age Of Building 35
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Trash, Maintenance Grounds, Gas, Hot Water, Management
Building Name Gatehouse Place
Ownership Type Freehold Strata
Maintenance Fee $452.75
Amenities Nearby Trash, Maintenance Grounds, Gas, Hot Water, Management
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Underground, Front Access
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Cats OK, Dogs OK, Yes With Restrictions
Rental Suites None

Lot & Land

MLS® # R3097355
Area New Westminster
Neighbourhood Fraserview NW
City New Westminster
Postal Code V3L 5P4
Gross Taxes $2,574.76
Zoning RM-2A

Property Timeline

Status Date Price
R3097355 / Active 03-09-2026 $499,999
R3037151 / Expired 08-14-2025 $549,900
Rooms
Floor Type Dimensions
Main Level Kitchen 8'3 x 8'3 ft
Main Level Dining Room 17'2 x 17'2 ft
Main Level Living Room 15'3 x 15'3 ft
Main Level Bedroom 12'0 x 12'0 ft
Main Level Walk-In Closet 6'7 x 6'7 ft
Main Level Patio 15'3 x 15'3 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #5

Listed by: RE/MAX Westcoast

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

Public Schools

Elementary
Richard McBride Elementary School
1.04 km
Middle
École Glenbrook Middle School
1.19 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
1.31 km
Elementary, Secondary
Urban Academy
1.31 km

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

74 / 100
Overall sell-speed score
Likely within weeks
B
Price competition grade
Avg comparable: $519,899
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
122 DOM
Slower than area
Fraserview NW avg
51 DOM
Average
New Westminster avg
51 DOM
Faster market

306 48 Richmond Street has a sell-speed score of 74/100, placing it in the "Expected to sell within weeks" band. The listing is priced 4% 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 306 48 Richmond Street

Pre-computed routes from 306 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

306 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 306 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 306 48 Richmond Street

/month
Principal & Interest
Property Taxes $215
Maintenance fee 452.75
A 20% down payment of $100,000 on this $499,999 listing yields an estimated mortgage of $1,910/month (30-year fixed, 4%). Total estimated housing cost: $2,578/month, $215 property tax, $453 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
With $1,956/month in estimated rental income against $2,636/month in mortgage payments, the monthly cashflow is -$680/month. A 49% down payment would reach break-even.
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 $499,999
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 4.2% below the neighbourhood average. This property is flagged as a Hot Deal (10.7% price reduction) based on its competitive pricing and market demand.

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 306 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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