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Why settle for an older condo when you can own BRAND NEW? Welcome to First & Royal by Areva Developments! This move-in ready 1 bed, 1 bath home offers 510 sq. ft. of thoughtfully designed living with A/C, premium Samsung appliances, in-suite laundry, a spacious covered patio, and 1 parking plus 1 storage locker. Enjoy New Westminster's premier rooftop oasis featuring BBQ areas, lounge seating, an outdoor theatre, and breathtaking Fraser River views, along with a fully equipped gym, co-working space, movie theatre, party room, dog play areas, and community gardens. Just steps to SkyTrain, restaurants, the riverfront, and minutes to Queen's Park. A rare opportunity to own a brand-new home for under $500,000!
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Interior Features | Elevator, Storage |
| Heating Type | Forced Air |
| Cooling | Central Air |
| Laundry | In Unit |
| # of Kitchens | 1 |
| Foundation | Concrete Perimeter |
| Exterior Features | Playground, Balcony |
|---|---|
| Roof | Asphalt |
| Structures | Multi Family, Residential Attached |
| Price | $499,900 |
|---|---|
| Total Bedrooms | 1 |
| Total Bathrooms | 1 |
| Full Bathrooms | 1 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 510 |
| Year Built | 2026 |
| Age Of Building | 0 |
| Building Type | Apartment/Condo |
| Property Type | Residential |
| Stories | 1 |
| Building Amenities | Exercise Centre, Trash, Maintenance Grounds, Management, Snow Removal |
| Building Name | First And Royal |
| Ownership Type | Freehold Strata |
| Maintenance Fee | $257.96 |
| Amenities Nearby | Exercise Centre, Trash, Maintenance Grounds, Management, Snow Removal |
| Utility Type | Electricity Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer |
| Water (WaterSource) | Public |
| Parking Type | Garage Under Building |
| Total Parking Spaces | 1 |
| Strata Restrictions | Pets Allowed w/Rest.,Rentals Allowed |
| Pet Restrictions | Yes With Restrictions |
| Units In Development | 187 |
| MLS® # | R3139346 |
|---|---|
| Area | New Westminster |
| Neighbourhood | Downtown NW |
| City | New Westminster |
| Postal Code | V3L 0L8 |
| Gross Taxes | $697.22 |
| Zoning | APT |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 5'6 x 5'6 ft |
| Main Level | Kitchen | 11'8 x 11'8 ft |
| Main Level | Living Room | 9'11 x 9'11 ft |
| Main Level | Dining Room | 9'11 x 9'11 ft |
| Main Level | Bedroom | 9'5 x 9'5 ft |
| Main Level | Porch (enclosed) | 9'2 x 9'2 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
Listed by: Real Broker
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.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
408 82 First Street has a sell-speed score of 66/100, placing it in the "Expected to sell within weeks" band. The listing is has limited comparable pricing data available. 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.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3L 0L8, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
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.
Annual avg PM2.5 5.2 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: New Westminster Sapperton Park, New Westminster (~2 km). Annual avg AQHI 0 — Low Risk.
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.
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.
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.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
408 82 First St, New Westminster, BC is ideally located for commuters. The property is 0.6 km from Columbia, with a 40 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Royal Ave @ 1st St (0.05 km). Walk Score Transit rating: Excellent Transit (78/100).
Based on 16 comparable active apartments/condos in Downtown NW, the average asking price is $495,258. This listing is priced 0.9% above the neighbourhood average.
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