550 Richmond St, New Westminster BC - Single Family Residence for Sale - MLS# R3130752

$2,499,000
Est. Mortgage $11,056/mo
5 Beds
5 Baths
3052 sqft
819 $ /sqft
2021 built
$2,499,000
Est. $11,056/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 550 Richmond Street

Stunning unobstructed views of city, water & mtns! Custom Build modern style extravagant home features open layout with top notch detailed workmanship. As you enter the feature wall with oyster white marble with built-in Led lights welcomes you. Family room with large customized sliding door that extends to a covered deck with gas fire pit. Modern look kitchen with Zenn Air Appliances that has big island to entertain your family/friends. Spicy Kitchen, Free standing customized stairs lead to upstairs with 3 bedrooms and Solarium to enjoy. Master bedroom with fireplace, luxury ensuite, wide sliding door with balcony to enjoy the beauty of nature. Imported Italian tiles, door knobs, illusion stone counter tops. 1 bedroom bsmt suit & bachelore suit rented to very good tenants.A MUST ACT.

Interior Features

Basement Finished Area (sqft) 778
Basement Features Finished, Exterior Entry
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Storage
Fireplace 2
Heating Type Natural Gas, Radiant
# of Kitchens 3
Flooring Hardwood, Tile, Wall/Wall/Mixed
Foundation Concrete Perimeter

Exterior Features

Exterior Features Private Yard
View Description MOUNTAINS,CITY,RIVER AND MORE
Roof Asphalt
Structures Residential Detached

Building Details

Price $2,499,000
Total Bedrooms 5
Total Bathrooms 5
Full Bathrooms 4
Half Bathrooms 1
Floor Area Total (sqft) 3052
Year Built 2021
Age Of Building 5
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Community Features Shopping Nearby
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public
Parking Type Garage Triple, Open, RV Access/Parking, Lane Access, Rear Access, Concrete, Paver Block
Total Parking Spaces 10
Rental Suites Legal Suite

Lot & Land

Lot Size 6100
Lot Size Depth Feet
Lot Size Frontage 50
MLS® # R3130752
Area New Westminster
Neighbourhood The Heights NW
City New Westminster
Postal Code V3L 4C7
Gross Taxes $9,801
Zoning RS1

Property Timeline

Status Date Price
R3130752 / Active 06-02-2026 $2,499,000
R2951119 / Terminated 12-19-2024 $2,599,000
R2899338 / Terminated 06-27-2024 $2,799,000
R2881524 / Terminated 05-10-2024 $2,888,000
Rooms
Floor Type Dimensions
Main Level Living Room 12'2 x 12'2 ft
Main Level Foyer 12'2 x 12'2 ft
Main Level Family Room 15' x 15' ft
Main Level Dining Room 11'4 x 11'4 ft
Main Level Kitchen 16' x 16' ft
Main Level Bedroom 9' x 9' ft
Main Level Wok Kitchen 11' x 11' ft
Above Level Primary Bedroom 18'6 x 18'6 ft
Above Level Bedroom 10' x 10' ft
Above Level Bedroom 12'10 x 12'10 ft
Above Level Gym 11' x 11' ft
Basement Level Living Room 15'8 x 15'8 ft
Basement Level Kitchen 15'8 x 15'8 ft
Basement Level Bedroom 9'8 x 9'8 ft
Basement Level Media Room 15'8 x 15'8 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #2
Above Level Yes #5
Above Level Yes #4
Above Level No #4
Basement No #4

Listed by: Century 21 Coastal 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
F. W. Howay Elementary School
1.42 km
Middle
École Glenbrook Middle School
1.82 km

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

Private Schools

Elementary
St.Michaels School
0.21 km
Secondary
Carver Christian High School
0.25 km

Closest Transit

Bus Stop
Southbound E Columbia St @ Holmes St
0.4 km
Skytrain
Skytrain @ Braid Stn
1.05 km

Crime Rate

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

Demographics

Post-Secondary Education
Average
27.9%
No Certificate/Degree
Below Average
9.9%
Owner Occupied
Average
72.2%
Employment Rate
Average
61.3%

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

25 / 100
Overall sell-speed score
May take longer
D
Price competition grade
Avg comparable: $1,799,030
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 1.05 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 THE HEIGHTS NW compares
This property
37 DOM
Average
The Heights NW avg
40 DOM
Average
New westminster avg
40 DOM
Slower market

550 Richmond Street has a sell-speed score of 25/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 28% above comparable active properties in The Heights NW. The local market is currently a Buyer's Market with a sales-to-active ratio of 10% and an area average of 40 days on market — buyers have more leverage. With only 110 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V3L 4C7

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V3L 4C7, 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 (~0.9 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 550 Richmond Street

Pre-computed routes from 550 Richmond St, New Westminster, BC

By transit (Skytrain)

  • Downtown Vancouver via Braid → Waterfront
    46 min
  • Metrotown, Burnaby via Braid → Metrotown
    31 min
  • SFU Burnaby via Braid → Production Way
    21 min
  • Richmond Centre via Braid → Brighouse
    71 min
  • YVR Airport via Braid → YVR-Airport
    72 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    20 min
  • Metrotown, Burnaby via Lougheed Hwy
    9 min
  • SFU Burnaby via Gaglardi Way
    3 min
  • Richmond Centre via No. 3 Rd
    23 min
  • YVR Airport via Bridgeport / Sea Island
    25 min

Calculate your commute

550 Richmond St, New Westminster, BC is ideally located for commuters. The property is 1.0 km from Braid, with a 46 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound E Columbia St @ Holmes St (0.4 km). Walk Score Transit rating: Good Transit (64/100).

Walkability & Transit Near 550 Richmond Street

Walk Score Badge
Car-Dependent 72

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 64

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
48

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 550 Richmond Street

/month
Principal & Interest
Property Taxes $817
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($499,800), the estimated monthly payment for this listing is $10,361/month — $9,544 principal & interest, $817 property tax.
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 $7,252/month, this property runs a $3,333/month shortfall after mortgage and carrying costs. Break-even requires approximately 48% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — The Heights NW, New westminster

Beds Home Types Square Feet Lot Size Year Built
This Home $2,499,000
New westminster Loading...
The Heights NW Loading...

No active comparable properties are currently available for this property type in New westminster. The price evaluation chart will update as similar listings enter the market.

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 550 Richmond Street

Walk Score Badge
Car-Dependent 72

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 64

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
48

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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