505 - 740 Hamilton Street, New Westminster, V3M 5T7 — photo 1

$399,900

505 - 740 Hamilton Street, New Westminster, V3M 5T7
Active
2 Bedrooms 1 Bathrooms 856 sqft Built 1974 Residential

About This Property

Spacious two bedroom corner unit at "The Statesman", a solid building on a very large site in UPTOWN New Westminster. Located directly across the street from Moody Park and just a short walk to the best shopping and dining, this home also provides immediate access to transit and vehicle routes direct to downtown Vancouver. There is plenty of natural light in the suite, a large living room and dining room, lovely wood kitchen and bathroom cabinets as well as an in-suite storage area and an enclosed balcony. Comes with secure parking and in-suite and external storage. Available for quick possession.

Storage Locker

Property Details

MLS #

R3047196

Status

Active

Type

Residential

Sub-type

Apartment/Condo

Ownership

Freehold Strata

Zoning

CD

Bedrooms

2

Full Baths

1

Half Baths

0

Kitchens

1

Living Area

856 sqft

Main Floor

856 sqft

Stories

18

Year Built

1974

Age

52 years

Roof

Other

Construction

Concrete, Mixed (Exterior)

Structure

Multi Family, Residential Attached

Parking Stalls

1

Garage Size

Concrete

Parking Type

Underground, Front Access, Concrete

Facing

Northeast

Original Price

$479,900

Strata Fee

$621.53/mo

Taxes

$2,079.88/yr

Listed

2025-09-12

MLS Area

Uptown NW

City

New Westminster

Postal Code

V3M 5T7

Subdivision

The Statesman

Features & Finishes

Heating

Baseboard · Hot Water

Flooring

Mixed

Appliances

Refrigerator · Stove

Laundry

Common Area

Windows

Window Coverings

Interior Features

Elevator · Storage

Exterior Features

Garden · Balcony

Building & Community

Total Units

88

Pets

No Cats, No Dogs, Yes With Restrictions

Restrictions

Pets Allowed w/Rest.

Strata Mgmt Co.

Bayside Property Services Ltd.

Strata Mgmt Phone

604-432-7774

Transit

Immediate

Schools

1 block

View

Mountain

Lot Features

Central Location, Recreation Nearby

Water Source

Public

Sewer

Public Sewer

Utilities

Community

Community

Shopping Nearby

Building Amenities

Clubhouse · Trash · Maintenance Grounds · Hot Water · Management · Snow Removal

Disclosures

Property Disclosure

No

Coordinates: 49.213251, -122.925949 · Map data © Google

9.6

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market28% below market $/sqft
Days on market235 days — significantly stale, strong negotiation position
Price historyPrice dropped 17% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 95% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$372,469

6.9% below asking price

Negotiation Range

$362,472$378,468

$15,996 spread

$362,472$399,900 ask

Based on 11 recent sales, a starting offer around $372,469 (6.9% below ask) is reasonable. Your negotiation range is $362,472 – $378,468.

What's factored in

Market baseline11 recent New Westminster sales closed at median 95% of list price
Price already reducedSeller dropped from 17% off original ask — indicates motivation
Extended market time235 days listed — well above market avg of 163 days, increased negotiation leverage

Based on 11 residential sales in New Westminster (last 60 days) · Updated May 4

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