Skip to main content

Done Deal, 1108 THIRD AVENUE, NEW WESTMINSTER, BC

1108 THIRD AVE., NEW WESTMINSTER, B.C.

LISTING PRICE $799,000

SELLING PRICE $780,000

Story continues below advertisement

PREVIOUS SELLING PRICE $452,000 (2011)

DAYS ON MARKET 8

TAXES $2,622

LISTING AGENT Keith Roy, Re/Max

The Action: The sellers purchased the home in 2011 and did several updates, including a reconfiguration of the layout. The young couple that purchased the home "fell in love with the nostalgic charm of a modernized historical home," says listing agent Keith Roy.

"They also loved the large deck that was perched high on the Brow of the Hill with a wide-open view." Mr. Roy held two open houses over one weekend, which attracted 30 parties.

"The weather was beautiful and the backyard looked great with late harvest fruit and chickens in the backyard," he says. The sellers received one offer, which they accepted.

Story continues below advertisement

What They Got: This updated four-bedroom, three-bathroom house in New Westminster's Brow of the Hill was built in 1892, but does not have heritage status.

The 1,761 sq. ft. house has two bedrooms up, two bedrooms down, with a new kitchen, new roof, plumbing, electrical, furnace and fully finished basement.

It has a mature garden with two decks and a view of the Fraser River, and is within walking distance of the River Market, shopping, trendy restaurants and transit.

The Agent's Take: "When I put this house on the market, it was one of the lowest priced homes north of the Fraser River," says Mr. Roy. Being north of the Fraser means commuting downtown doesn't require travelling over a congested bridge, or paying tolls.

He says buyers are attracted to New Westminster's central location, only 30 minutes from downtown Vancouver. He says the new 15-per-cent foreign buyer tax has also done a "good job" of slowing the market. "It's given buyers an opportunity to consider their options and negotiate. The tax, however, has done nothing to stop the flow of foreign money."

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies