504 550 Eighth St, New Westminster BC - Apartment/Condo for Sale - MLS# R3129100

$425,000
Est. Mortgage $1,880/mo
Parkridge
2 Beds
1 Baths
1001 sqft
425 $ /sqft
601.76 $ Maint. fee
1982 built
24.24% cheaper than comparables
$425,000
Est. $1,880/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

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Property Details for 504 550 Eighth Street

24.24% cheaper than comparables

Welcome to this bright and spacious 2 bedroom SE corner home in a concrete building. Enjoy two covered balconies, perfect for morning coffee or year-round fresh air. The kitchen was renovated and features an open plan with a generous granite island and newer appliances, offering great flow for cooking and entertaining. Located in the heart of Uptown New West, you're just steps to the library, transit, Walmart, shops, Moody Park and Century House. Includes 1 underground parking, a storage locker and in-suite laundry. No pets.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating Type Baseboard
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Carpet
Foundation Slab

Exterior Features

Exterior Features Balcony
Structures Multi Family, Residential Attached

Building Details

Price $425,000
Total Bedrooms 2
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 1001
Year Built 1982
Age Of Building 44
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Snow Removal
Building Name Parkridge
Ownership Type Freehold Strata
Maintenance Fee $601.76
Community Features Shopping Nearby
Amenities Nearby Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Snow Removal
Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Underground
Total Parking Spaces 1
Strata Restrictions Pets Not Allowed
Pet Restrictions No Cats, No Dogs, No
Rental Suites None

Lot & Land

MLS® # R3129100
Area New Westminster
Neighbourhood Uptown NW
City New Westminster
Postal Code V3M 3R9
Gross Taxes $2,295
Zoning RM-4

Property Timeline

Status Date Price
R3129100 / Active 05-27-2026 $425,000
R3112400 / Terminated 04-16-2026 $475,000
Rooms
Floor Type Dimensions
Main Level Kitchen 10'2 x 10'2 ft
Main Level Dining Room 8'5 x 8'5 ft
Main Level Living Room 12'6 x 12'6 ft
Main Level Primary Bedroom 10'1 x 10'1 ft
Main Level Bedroom 9'5 x 9'5 ft
Bathrooms
Floor Ensuite Pieces
Main Level Yes #4

Listed by: Royal LePage - Wolstencroft

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
Lord Kelvin Elementary School
0.46 km
Middle
Fraser River Middle School
0.86 km

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

Private Schools

Elementary
Our Lady of Mercy School
1 km
Secondary
Vancouver International College
0.26 km

Closest Transit

Bus Stop
Westbound Sixth Ave @ Eighth St
0.05 km
Skytrain
Skytrain @ New Westminster Stn
1.34 km

Crime Rate

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

Demographics

Post-Secondary Education
Below Average
26.1%
No Certificate/Degree
Average
13.6%
Owner Occupied
Below Average
58.9%
Employment Rate
Average
56.1%

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

Sell Speed & Competition

87 / 100
Overall sell-speed score
Likely within 1–3 weeks
A+
Price competition grade
Avg comparable: $528,020
Seller's
Market conditions
Seller's market — high demand area
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 1.34 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 UPTOWN NW compares
This property
44 DOM
Average
Uptown NW avg
51 DOM
Average
New Westminster avg
51 DOM
Slower market

504 550 Eighth Street has a sell-speed score of 87/100, placing it in the "Expected to sell within 1–3 weeks" band. The listing is priced 24.2% below comparable active properties in Uptown 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 attract offers within 1–3 weeks.

Climate Risk for V3M 3R9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3M 3R9, 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 (~2.8 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 504 550 Eighth Street

Pre-computed routes from 504 550 Eighth St, New Westminster, BC

By transit (Skytrain)

  • Downtown Vancouver via New Westminster → Waterfront
    48 min
  • Metrotown, Burnaby via New Westminster → Metrotown
    30 min
  • SFU Burnaby via New Westminster → Production Way
    28 min
  • Richmond Centre via New Westminster → Brighouse
    73 min
  • YVR Airport via New Westminster → YVR-Airport
    74 min

By car (off-peak)

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

Calculate your commute

504 550 Eighth St, New Westminster, BC is ideally located for commuters. The property is 1.3 km from New Westminster, with a 48 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Sixth Ave @ Eighth St (0.05 km). Walk Score Transit rating: Good Transit (67/100).

Walkability & Transit Near 504 550 Eighth Street

Walk Score Badge
Car-Dependent 97

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 67

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
68

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 504 550 Eighth Street

/month
Principal & Interest
Property Taxes $191
Maintenance fee 601.76
Based on a 30-year fixed at 4% interest with 20% down ($85,000), the estimated monthly payment for this listing is $2,416/month — $1,623 principal & interest, $191 property tax, $602 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
At an estimated rental income of $1,663/month, this property runs a $801/month shortfall after mortgage and carrying costs. Break-even requires approximately 60% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Uptown NW, New Westminster

Beds Home Types Square Feet Lot Size Year Built
This Home $425,000
New Westminster Loading...
Uptown NW Loading...

Based on 16 comparable active apartments/condos in Uptown NW, the average asking price is $509,778. This listing is priced 16.6% below the neighbourhood average. This property is flagged as a Hot Deal (24.24% cheaper than comparables) 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 504 550 Eighth Street

Walk Score Badge
Car-Dependent 97

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 67

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
68

Bike Score - Bikeable

Some bike infrastructure

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