224 3 Rialto Court, New Westminster

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$2,650

224 3 Rialto Court

Quay, New Westminster, BC, V3M 6P2

2 | 2 | 1 | 1,225 sq.ft. |

This beautiful 2-bedroom, 2-bathroom apartment with 1,225 sq ft in New Westminster offers plenty of space to live, work, and relax. Features include: Spacious open-concept living and dining area, 2 full bathrooms, in-suite washer and dryer, a full kitchen with refrigerator, stove, and dishwasher, bright windows providing great natural light, and a well-maintained building in a quiet, desirable area. The apartment comes with 1 assigned parking space and is pet-friendly (with a deposit). It is located in a convenient neighborhood close to transit, shopping, restaurants, parks, and the beautiful Quayside boardwalk.

Property Info

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MLS®: R3069171

Listing Courtesy of Coronet Realty Ltd.

Total Bedrooms 2

Total Bathrooms 2

Floor Space 1225 sq.ft.

Date Listed XXXX-XX-XX

Property Type Condo

Listed Price $2,650

Strata Fee $0.00

Interior Features

More Details

Floor Space Finished 0.00 sq.ft.

Rules Yes

Out Door Area XXXXXXXXXX

Parking Total 1

Summary

Location and General Information

MLS Area Major: New Westminster
Street Name: Rialto
City: New Westminster
State Or Province: BC
Postal Code: V3M 6P2
Property Type: Residential Lease
Property Sub Type: Apartment/Condo

Interior and Exterior Features

Interior Features

Exterior Features

Exterior Features: Balcony

Property

Utilities

Property and Assessments

Building Area Total: 1225
Living Area: 1225

Lot Information

Sold History

Selling

R3069171 Condo Nov 20, 2025 Listed $2,650

R2991358 Condo May 23, 2025 Leased $2,800

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City Introduction

Overview of New Westminster, BC, Canada

Population

New Westminster is a historic city in the Greater Vancouver region of British Columbia, with a population of approximately 71,000 (2016). The population density is 4,543.4 people per square kilometer. New Westminster is a multicultural city, with about 34,275 residents belonging to visible minorities, including a significant Chinese community. The city's annual population growth rate is 7.6%, higher than the national average.

Economy

Key Industries: Transportation, healthcare, and port logistics. New Westminster's top employers include TransLink, Royal Columbia Hospital, and Port Metro Vancouver, providing stable job opportunities.
Commercial Centers: Columbia Street and Uptown are the main commercial areas, offering a variety of retail shops and dining options.
Educational Resources: New Westminster is home to Douglas College and the Justice Institute of British Columbia, contributing to a skilled workforce and innovation.

Living Features

Natural Environment: New Westminster boasts abundant natural landscapes, including Queen's Park and the Fraser River waterfront trails, ideal for outdoor activities.
Transportation: New Westminster is well-connected to downtown Vancouver via SkyTrain and bus systems, with a commute time of about 30 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: New Westminster's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.2 million CAD and condos around $600,000 CAD (2024).

Opportunities:

Stable rental market: New Westminster's universities and job opportunities attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

New Westminster is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Downtown and Uptown, while properties near SkyTrain stations are attractive for investors.

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