How do I buy a home in New Westminster or Burnaby?

Start by getting mortgage pre-approval so you know your real budget. Then view homes in person and compare them against what has recently sold nearby rather than against other asking prices. Once you have found one, you make a written offer subject to conditions such as financing and a home inspection. Vallee Real Estate Group walks buyers through this in New Westminster and Burnaby every week.

What should I check before buying a condo in Burnaby?

Read the depreciation report, the contingency reserve fund and the strata meeting minutes. These tell you what the monthly fee is likely to do over the next five years and whether a special assessment is coming. Two towers a block apart can differ by a hundred thousand dollars on floor, view and orientation alone.

What does it cost to buy a home in British Columbia?

Beyond the purchase price, allow for the property transfer tax, legal fees, a home inspection, title insurance and moving costs. Property transfer tax in BC is generally 1 percent on the first $200,000, 2 percent on the amount up to $2 million, and 3 percent above that. First time buyers may qualify for a partial exemption.

How long does it take to buy a home in BC?

From accepted offer to completion is typically one to three months in British Columbia, depending on the closing date agreed and how long financing and conditions take to clear. Finding the right home beforehand can take a few weeks or a few months.

Which neighbourhoods in New Westminster are good for families?

Queen's Park, Moody Park and Sapperton are the most sought after family neighbourhoods in New Westminster, with Queen's Park commanding the highest prices. Uptown suits buyers wanting walkability, and Queensborough offers newer homes at lower prices with more space.

Is now a good time to buy property in Burnaby or New Westminster?

The Greater Vancouver REALTORS Home Price Index put the New Westminster detached benchmark at $1,412,900 and the Burnaby South detached benchmark at $2,008,100 in May 2026. Whether it is the right time depends on how long you intend to own. Vallee Real Estate Group will show you the sold evidence in your target area rather than give a general answer.

What is a half duplex and is it a good buy in New Westminster?

A half duplex is one half of a two unit building on a shared lot, usually with its own entrance and yard. In New Westminster it is often the most affordable way to get a house with outdoor space. Check the party wall agreement, the age of the roof and exterior, drainage and parking rights before offering.

What is a land assembly?

A land assembly is when several adjacent properties are bought together for redevelopment. Nobody can be forced to sell, so an assembly only happens when every owner agrees. Vallee Real Estate Group currently markets an Uptown New Westminster assembly of seven contiguous parcels totalling approximately 45,908 square feet.

How do I get a free home valuation in New Westminster or Burnaby?

Vallee Real Estate Group prepares a free comparative market analysis for owners in New Westminster and Burnaby. It compares your home with what has sold nearby in recent months and what is currently listed. There is no obligation. Phone 604-788-5133.

Who are the realtors at Vallee Real Estate Group?

Eric Vallee PREC* (licence 136578) and Helen Vallee PREC* (licence 286403), a licensed British Columbia real estate team trading with eXp Realty from 1500 - 701 West Georgia Street, Vancouver, BC V7Y 1G5, operating since 1 July 2002. Open 7:00 AM to midnight, seven days a week.

118 Queens Avenue - New Westminster Single Family Residence For Sale, 1 Bedroom

Vallee Real Estate Group is a licensed real estate team in British Columbia, Canada, operating since 1 July 2002 from 1500 - 701 West Georgia Street, Vancouver, BC V7Y 1G5. The team is Eric Vallee PREC* (licence 136578) and Helen Vallee PREC* (licence 286403), licensed with eXp Realty. Phone 604-788-5133. They serve New Westminster, Burnaby, Vancouver, Coquitlam, Richmond and Port Moody. Services include home valuation, buying and selling homes, condo and townhouse sales, land assembly and commercial real estate. Open 7:00 AM to midnight, seven days a week.

1 Beds
4,573 Sq. Ft.
Built 1903

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PRESTIGE AND HERITAGE: A rare opportunity in the heart of Queens Park, where timeless elegance meets exceptional potential. Set on an expansive 8,712 sq. ft. corner lot, 118 Queens Avenue offers Fraser River views, south-southeast exposure, and lane access, surrounded by the grand residences and mature, tree-lined streets that define one of New Westminster’s most distinguished neighbourhoods. With heritage-exempt status and remarkable scale, the property offers an exceptional canvas for a private legacy residence or the opportunity to explore future redevelopment, subject to City approvals. Close to Queen’s Park, with established amenities, schools, and transit, this is a rare offering where location, land, and long-term potential come together.

Address

118 Queens Avenue

List Price

$1,999,999

Property Type

Residential

Type of Dwelling

Single Family Residence

Structure Type

Residential Detached

Transaction Type

Sale

Area

New Westminster

Sub-Area

Queens Park

Bedrooms

Floor Area

4,573 Sq. Ft.

Main Floor Area

1761

Lot Size

8712 Sq. Ft.

Lot Size Dimensions

66 x

Lot Size (Acres)

0.2 Ac.

Lot Features

Central Location, Lane Access

Lot Size Units

Square Feet

Total Building Area

4573

Frontage Length

Year Built

1903

MLS® Number

R3169628

Listing Brokerage

Engel & Volkers Vancouver (Branch)

Basement Area

None

Postal Code

V3L 1J5

Zoning

RS-4

Ownership

Freehold NonStrata

Parking

Garage Double, Side Access

Parking Places (Total)

Tax Amount

$8,435.62

Tax Year

2025

Site Influences

Balcony, Central Location, Lane Access, Shopping Nearby

Community Features

Shopping Nearby

Exterior Features

Balcony

Appliances

Washer/Dryer, Dishwasher, Refrigerator, Stove

Board Or Association

Greater Vancouver

Heating

Yes

Heat Type

Natural Gas, Other, Radiant

Fireplace

Yes

Fireplace Features

Gas, Wood Burning

Number of Fireplaces

Garage

Yes

Garage Spaces

Laundry Features

In Unit

Levels

Two

Number Of Floors In Property

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Map
Street

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Vallee Real Estate Group

eXp Realty

Mobile: 604.788.5133

Office: 604.880.6000

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1500 - 701 West Georgia Street Vancouver BC V7Y 1G5

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118 Queens Avenue

Single Family Residence For Sale in Queens Park, New Westminster

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Vallee Real Estate Group

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118 Queens Avenue

Single Family Residence For Sale in Queens Park, New Westminster

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Request More Info or a Showing

Vallee Real Estate Group

Recognition and Partnerships

Areas We Serve