With $400,000 budget or less, New Westminster offers more affordable housing options to Vancouver

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      Eight homes were sold in New Westminster over the last two weeks.

      For people looking for more affordable options to Vancouver, one thing stands out from the property deals made between June 15 and June 30 in Western Canada’s oldest city.

      It’s that one can have a choice of homes in the Royal City with a budget of $500,000 or less.

      Two of the recently purchased homes were in fact acquired for less than $400,000.

      That’s according to data by fisherly.com, a website that tracks market activity.

      One is 308-815 Fourth Avenue, a two-bedroom suite. Listed by RE/MAX Masters Realty, it sold for $341,000.

      The Norfolk House unit was on the market for seven days. The top-floor unit has a new wrap-around balcony, and spacious living room. The three-story building includes an indoor pool, and common room.

      It was listed on June 10 for $324,900, meaning the seller got more than the original asking price.

      The second deal for less than $400,000 was a 961 square-foot unit at The Fifth Avenue condo development.

      The one-bedroom unit at 405-612 Fifth Avenue sold for $392,000 on June 16. It was listed by RE/MAX All Points Realty, and had been on the market for 126 days.

      The spacious corner suite facing north, east and northwest has two balconies.

      Another deal was made for less than $500,000.

      It’s a one-bedroom –plus-den unit at the Berkley Place. Unit 904-793 Princess Street sold for $490,000.

      Listed by Sutton Group-West Coast Realty, the unit was on the market for 36 days. It was bought on June 16.

      Its listing price on May 11 was $509,900, meaning the buyer of Unit 904-793 Princess Street got a discount.

      According to fisherly.com, the average price of the eight homes sold in New Westminster from June 15 to June 30 was $552,000. 

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