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Investment signal

$1,399,000

1515 EIGHTH AVENUE

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Beds

6

Baths

4

Sqft

Year

1931

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for New Westminster. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

[[[ 3 LEVEL HOME WITH 2x MORTGAGE HELPERS BELOW ]]] RENOVATED New Westminster West End charmer, with many upgrades, loads of character & view of river. It has 2.5-storey, 6 beds, 1 flex, 4 full baths, 3 kitchens & 3 laundry sets, brand new 2 beds suite and a 1 bed suite in basement with separate entrances. Over $200k renovations: 2025 Electrical 200 Amp & basement suites. 2024 top floor bath & laminated floor, roof & rear deck. 2022 hw tank. Plus vinyl windows, hardwood floor & gas fireplace. Huge primary bedroom w/ensuite and flex space. Single-car garage with laneway access and parking for up to 5 vehicles. Potential laneway house for rental income. Close to Queensborough Landing Shopping, Lord Tweedsmuir Elementary School, 22nd Street Skytrain Station & transit. (id:65958)

Subtype
Single Family
Architectural style
2 Level
Structure
House
Common interest
Freehold
Living area
2,571 square feet
Lot size
6,534 square feet
Lot dimensions
6534
Fireplace
2
On market
Apr 23, 2026
Status changed
May 1, 2026
Annual tax
$6,724.06 (2025)
Photos
32
MLS#
R3114894
Area
NEW_WESTMINSTER

Features and systems

Parking

Carport

Basement

Separate entranceUnknownUnknown

Heating

Combination
Negative cash flow ~$1,491/mo at these assumptions

Cash on cash

-6.39%

Cap rate

3.59%

GRM

16.7

Break-even rent

$8,569

Financing

Down payment$279,800
Loan amount$1,119,200
Mortgage$5,671/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$641
Insurance$80
Maintenance$1,166
CapEx reserve$583
Vacancy loss$350

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for New Westminster. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $5,671/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 1, 2026.

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