507 500 Royal Ave, New Westminster BC - Apartment/Condo for Sale - MLS# R3080387

$478,000
Est. Mortgage $2,115/mo
Dominion
0 Beds
1 Baths
585 sqft
817 $ /sqft
285.46 $ Maint. fee
2014 built
$478,000
Est. $2,115/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 507 500 Royal Avenue

Well kept and updated , gorgeous spacious studio with flex of enclosure sliding door in Ledingham McAllister's Dominion. Open floor plan with kitchen island,fabulous white shaker style kitchen cabinetry with Kohler fixtures, Halogen track lighting, high-end stainless steel appliances,quartz countertops,porcelain tiling in the bathroom, and laminate flooring throughout. The large outdoor covered sundeck extended living space with Hardy plank exterior is perfect for BBQ and rainy weather. Convenient location with higher walk score and transit score: across from City Hall, parks and within walking distance to Douglas College ,Columbia Sky Train station, new riverside pier park and playground, shopping, bus, schools.

Interior Features

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

Exterior Features

Roof Asphalt, Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $478,000
Total Bedrooms 0
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 585
Year Built 2014
Age Of Building 12
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Bike Room, Caretaker, Trash, Maintenance Grounds, Hot Water, Management, Snow Removal
Building Name Dominion
Ownership Type Freehold Strata
Maintenance Fee $285.46
Community Features Shopping Nearby
Amenities Nearby Bike Room, 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, Guest, Lane Access, Rear Access
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Yes With Restrictions
Rental Suites None
Units In Development 118

Lot & Land

Lot Size Depth Feet
MLS® # R3080387
Area New Westminster
Neighbourhood Downtown NW
City New Westminster
Postal Code V3L 0G5
Gross Taxes $2,221.28
Zoning RM-6A

Property Timeline

Status Date Price
R3080387 / Active 01-15-2026 $478,000
R2977335 / Terminated 03-12-2025 $488,000
Rooms
Floor Type Dimensions
Main Level Flex Room 9' x 9' ft
Main Level Living Room 13'2 x 13'2 ft
Main Level Kitchen 11'1 x 11'1 ft
Main Level Dining Room 8'5 x 8'5 ft
Main Level Patio 9'4 x 9'4 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Royal Regal 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

Public Schools

Elementary
École Qayqayt Elementary
Above Average
0.33 km
7.2/10
Middle
Fraser River Middle School
0.61 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
Above Average
0.28 km
8.9/10
Elementary, Secondary
Urban Academy
Above Average
0.28 km
8.9/10

Closest Transit

Bus Stop
Northbound Fourth St @ Agnes St
0.15 km
Skytrain
Skytrain @ Columbia Stn
0.29 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
37.7%
No Certificate/Degree
Below Average
5.8%
Owner Occupied
Above Average
80%
Employment Rate
Below Average
36.5%

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

74 / 100
Overall sell-speed score
Likely within weeks
A
Price competition grade
Avg comparable: $545,016
Seller's
Market conditions
Seller's market — high demand area
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.29 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 DOWNTOWN NW compares
This property
175 DOM
Slower than area
Downtown NW avg
51 DOM
Average
New Westminster avg
51 DOM
Faster market

507 500 Royal Avenue has a sell-speed score of 74/100, placing it in the "Expected to sell within weeks" band. The listing is priced 14% below comparable active properties in Downtown 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 0G5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3L 0G5, 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 (~2.5 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 507 500 Royal Avenue

Pre-computed routes from 507 500 Royal Ave, New Westminster, BC

By transit (Skytrain)

  • Downtown Vancouver via Columbia → Waterfront
    36 min
  • Metrotown, Burnaby via Columbia → Metrotown
    18 min
  • SFU Burnaby via Columbia → Production Way
    16 min
  • Richmond Centre via Columbia → Brighouse
    61 min
  • YVR Airport via Columbia → YVR-Airport
    62 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
    6 min
  • Richmond Centre via No. 3 Rd
    20 min
  • YVR Airport via Bridgeport / Sea Island
    24 min

Calculate your commute

507 500 Royal Ave, New Westminster, BC is ideally located for commuters. The property is 0.3 km from Columbia, with a 36 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Fourth St @ Agnes St (0.15 km). Walk Score Transit rating: Excellent Transit (83/100).

Walkability & Transit Near 507 500 Royal Avenue

Walk Score Badge
Car-Dependent 99

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 83

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
46

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 507 500 Royal Avenue

/month
Principal & Interest
Property Taxes $185
Maintenance fee 0
A 20% down payment of $95,600 on this $478,000 listing yields an estimated mortgage of $1,826/month (30-year fixed, 4%). Total estimated housing cost: $2,296/month, $185 property tax, $285 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 $1,871/month in estimated rental income against $2,351/month in mortgage payments, the monthly cashflow is -$481/month. A 42% 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 — Downtown NW, New Westminster

Beds Home Types Square Feet Lot Size Year Built
This Home $478,000
New Westminster Loading...
Downtown NW Loading...

Based on 11 comparable active apartments/condos in Downtown NW, the average asking price is $549,167. This listing is priced 13% 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 507 500 Royal Avenue

Walk Score Badge
Car-Dependent 99

Walk Score - Walker's Paradise

Daily errands do not require a car
Transit Score Badge
Some Transit 83

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
46

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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