317 THIRD AVENUE

New Westminster, British Columbia · Neighbourhood: Queens Park
C$5,800,000

Local Decision Guide

How should buyers evaluate 317 THIRD AVENUE?

Start by reading this listing in its New Westminster Queens Park context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

For sale
317 THIRD AVENUE

Remarks

Carlton Court is a well-maintained 26-suite apartment building in the highly sought-after Queen's Park neighbourhood of New Westminster. Built in 1925, this heritage property offers strong in-place income with significant upside potential. The property generates approximately $37,300 per month with a 5.53% cap rate and clear opportunity for growth as rents are brought toward market levels, with increases already implemented effective June 1, 2026. The suite mix includes 21 one-bedroom units, 1 two-bedroom unit, and 4 bachelor units, with all tenancies on a month-to-month basis and consistently low vacancy. A new boiler system (2025) qualifies for RTB-approved rent recovery and is expected to significantly reduce heating expenses, enhancing overall operating efficiency. Features include hardwood flooring, a central courtyard, on-site laundry, storage, and 13 enclosed garages. (id:56153)

Property Details

Multi-family
Building Type
-
Bedrooms
-
Bathrooms
1925
Year Built
101 years
Age
52
Days on Site
21,619 sqft
Interior Size
C$268
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29602551 (C8077829)

Become a VIP member for free. More details will be available.
The information below is generated by BurnabyHouse.com for your convenience and may not always be accurate. Consult a Realtor to verify.

Site Context

Free sign-up unlocks site context
Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$5,800,000

Days on Site: 52 days

Added to BurnabyHouse: 2026-04-14

Updated on: 2026-04-14 06:02 PM PDT

Become a VIP member for free. More details will be available.

Lot info

Free sign-up unlocks full lot information
Includes parcel identifiers, size details, and land and approval context.

Schools

Ecole Qayqayt Elementary ELEMENTARY
Public
New Westminster, BC
Straight-line distance about 556.4 m
Fraser River Middle SECONDARY
Public
New Westminster, BC
Straight-line distance about 736.8 m
Nearby Private Schools
Free sign-up unlocks nearby private school details
Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Fruiticana
About 292.5 m away
331 Sixth Street, New Westminster
Persian Baanou Supermarket
About 315 m away
222 Sixth Street
Shopping Centres
New West Famers Market
About 375.2 m away
Westminster Centre
About 548 m away
555 Sixth Street, New Westminster
Parks / Green Space
Sullivan Park
About 218.6 m away
Tipperary Park
About 354.1 m away

Price History

Free sign-up unlocks price history
View price changes, listing events, and the full timeline.

Newsletter

Enter your email to receive market updates and new listing alerts.

NEED TO CONSULT
A REALTOR?

We’re here for you!
Most inquiries receive a response within a few hours.
No spam. Just helpful answers.
You can also text Gary @ 778.801.1314

Classic Search

Recent News

Jun 3, 2026
B.C. Court Ruling on Foreign Worker Job Promises Raises Housing Stability Questions
B.C. Court Ruling on Foreign Worker Job Promises Raises Housing Stability Questions
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 4, 2026
Treasury Yields Rise After Jobs Gauge Keeps Rate-Hike Expectations Alive
Treasury Yields Rise After Jobs Gauge Keeps Rate-Hike Expectations Alive
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 3, 2026
Ottawa to extend steel tariff quotas, remission program for 1 year
Ottawa to extend steel tariff quotas, remission program for 1 year
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 3, 2026
BC Extends Northern Mineral Claims Pause to 2027
BC Extends Northern Mineral Claims Pause to 2027
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 3, 2026
Manitoba trade rep says U.S. tariff uncertainty the key challenge for businesses
Manitoba trade rep says U.S. tariff uncertainty the key challenge for businesses
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 3, 2026
'Que-Berta': Alberta, Quebec premiers eye co-operation on economy, autonomy
'Que-Berta': Alberta, Quebec premiers eye co-operation on economy, autonomy
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 3, 2026
Minister says Canadian forestry crisis goes beyond Trump tariffs
Minister says Canadian forestry crisis goes beyond Trump tariffs
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 3, 2026
Americans are gaining interest in Canadian real estate
Americans are gaining interest in Canadian real estate
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 3, 2026
Toronto home sales stronger than last spring as buyers benefit from ‘substantial negotiating power’
Toronto home sales stronger than last spring as buyers benefit from ‘substantial negotiating power’
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Powered by REALTOR.ca

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®).

Last Updated: Tue, 14 Apr 2026 05:01:17 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Team 3000 Realty Ltd.

BurnabyHouse AI Assistant