510 500 Royal Ave, New Westminster BC - Apartment/Condo for Sale - MLS# R3062219

$698,000
Est. Mortgage $3,088/mo
2 Beds
2 Baths
805 sqft
867 $ /sqft
472.6 $ Maint. fee
2014 built
$698,000
Est. $3,088/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 510 500 Royal Avenue

Developed by Ledingham McAllister and is centrally located in the heart of the Royal City. This ft. with 2 bedrooms and 2 bathrooms offers an expensive open-concept kitchen and living room, and 805 sq. spacious deck where you can entertain in style. Master bedroom with walk-in closet and ensuite bathroom. Laminate flooring in the living/dining/kitchen and are pet friendly, with restrictions. Close to Skytrain, New Westminster Quay with local stores, restaurants, coffee shops. Nearby Shopping (Royal City Centre 6 mins away), Parks, and Entertainment (Landmark Cinemas 5 min drive/12min walk). Dominion is in the best location New Westminster has to offer! School catchment; K-5 Ecole Qayqayt Elementary, 6-8 Fraser River Middle, 9-12 New Westminster Secondary, Douglas College New West Campus.

Interior Features

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

Exterior Features

Exterior Features Balcony
Roof Asphalt, Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $698,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 805
Year Built 2014
Age Of Building 12
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Caretaker, Trash, Maintenance Grounds, Hot Water, Recreation Facilities, Snow Removal
Ownership Type Freehold Strata
Maintenance Fee $472.6
Amenities Nearby Caretaker, Trash, Maintenance Grounds, Hot Water, Recreation Facilities, Snow Removal
Utility Type Electricity Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Underground
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Units In Development 118

Lot & Land

Lot Size Depth Feet
Lot Size Frontage 0
MLS® # R3062219
Area New Westminster
Neighbourhood Downtown NW
City New Westminster
Postal Code V3L 0G5
Gross Taxes $2,810.42
Zoning RM6-A

Property Timeline

Status Date Price
R3062219 / Active 10-27-2025 $698,000
Rooms
Floor Type Dimensions
Main Level Living Room 11'5 x 11'5 ft
Main Level Dining Room 11'2 x 11'2 ft
Main Level Kitchen 12'5 x 12'5 ft
Main Level Primary Bedroom 10' x 10' ft
Main Level Bedroom 9' x 9' ft
Main Level Walk-In Closet 4'4 x 4'4 ft
Main Level Laundry 2'7 x 2'7 ft
Main Level Foyer 3'10 x 3'10 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #3
Main Level Yes #4

Listed by: Macdonald Realty

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
0.33 km
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
0.28 km
Elementary, Secondary
Urban Academy
0.28 km

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

55 / 100
Overall sell-speed score
Moderate pace expected
D
Price competition grade
Avg comparable: $569,777
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
255 DOM
Slower than area
Downtown NW avg
51 DOM
Average
New Westminster avg
51 DOM
Faster market

510 500 Royal Avenue has a sell-speed score of 55/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 18.4% above comparable active properties in Downtown NW. 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 may take several weeks to attract serious offers.

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 510 500 Royal Avenue

Pre-computed routes from 510 500 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

510 500 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 510 500 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 510 500 Royal Avenue

/month
Principal & Interest
Property Taxes $234
Maintenance fee 472.6
Financing 80% of the $698,000 asking price over 30 years at 4% results in approximately $3,373/month in total estimated carrying costs, $234 property tax, $473 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 $2,527/month in rental income, leaving a -$903/month cashflow at current carrying costs. Investors targeting break-even would need roughly 48% down.
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 $698,000
New Westminster Loading...
Downtown NW Loading...

Based on 10 comparable active apartments/condos in Downtown NW, the average asking price is $590,967. This listing is priced 18.1% above 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 510 500 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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