408 82 First Street, New Westminster – Downtown NW
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Why settle for an older condo when you can own BRAND NEW? Welcome to First & Royal by Areva Developments! This move-in ready 1 bed, 1 bath home offers 510 sq. ft. of thoughtfully designed living with A/C, premium Samsung appliances, in-suite laundry, a spacious covered patio, and 1 parking plus 1 storage locker. Enjoy New Westminster's premier rooftop oasis featuring BBQ areas, lounge seating, an outdoor theatre, and breathtaking Fraser River views, along with a fully equipped gym, co-working space, movie theatre, party room, dog play areas, and community gardens. Just steps to SkyTrain, restaurants, the riverfront, and minutes to Queen's Park. A rare opportunity to own a brand-new home for under $500,000!
Property Type:
Residential
Dwelling Type:
Apartment/Condo
Home Style:
Common Walls - No One Above, One Level
Ownership:
Freehold Strata
Common Interest:
Condominium
Year built:
2026 (Age: 0)
Living Area:
510 sq. ft.47.4 m2
Building Area - Total:
510 sq. ft.47.4 m2
Levels:
One
Bedrooms:
1 (Above Grd: 1)
Bathrooms:
1.0 (Full:1/Half:0)
Taxes:
$697.22 /
2026
Outdoor Area:
Balcony
Plan:
EPS11994
Name of Complex/Subdivision:
First And Royal
Construction Materials:
Frame Wood, Mixed (Exterior)
No. Floor Levels:
1.0
Floor Area Fin - Above Main:
0 sq. ft.0 m2
Floor Area Fin - Above Main 2:
0 sq. ft.0 m2
Floor Area Fin - Main:
510 sq. ft.47.4 m2
Floor Area Fin - Total:
510 sq. ft.47.4 m2
Cooling:
Central Air
Patio And Porch Features:
Patio, Deck
Parking Features:
Garage Under Building
Parking:
Garage Under Building
Parking Total/Covered:
1 / 1
Elevator, Storage
Playground, Balcony
Central Air, Playground, Laundry In Unit, Exercise Centre, Elevator, Storage
Exercise Centre, Trash, Maintenance Grounds, Management, Snow Removal
1
Laundry In Unit, Exercise Centre, Cooling, Elevator, Storage
In Unit
Association Fee:
$257.96
Age Restrictions:
No
By-Law Restrictions:
Pets Allowed With Restrictions
Common Walls:
No One Above
Pets Allowed:
Yes With Restrictions
# Units in Development:
187
Home Owners Association:
Yes
Land Lease:
No
Utilities:
Electricity Connected, Water Connected
Sewer:
Public Sewer, Sanitary Sewer
Modern kitchen featuring wood-finish upper cabinetry and a contrasting white lower cabinetry
Modern kitchen featuring wood-finish upper cabinetry, white base cabinetry, and white countertops
Modern kitchen featuring light wood-finish cabinetry, white countertops, and stainless steel appliances
Modern kitchen featuring a stainless steel refrigerator, light wood-finish cabinetry with open shelving, and a light-toned countertop
Room featuring two windows, wood-finish flooring, white baseboards, and recessed ceiling lighting
Bright living space featuring recessed lighting, light wood-finish flooring, and multiple windows
Bright room featuring wood-finish flooring, white walls, and a large window with a roller shade
Bedroom featuring large window with roller shade, recessed lighting, baseboard heating, and wood-finish flooring
Empty room
Modern bathroom featuring a wood-finish vanity with an integrated sink, polished chrome faucet, and a wall-mounted mirrored medicine cabinet
Modern bathroom featuring a built-in tub with neutral-toned subway tile surround, a sleek toilet, and a vanity with wood-finish cabinetry
Dedicated laundry closet with stacked washer and dryer, featuring a clean white finish
Open-concept kitchen featuring an island with a white countertop, two-tone cabinetry, stainless steel appliances, and wood-finish flooring
Open-concept kitchen and dining area featuring light wood-finish flooring, recessed lighting, and white walls
Private balcony featuring a glass rail system, concrete flooring, and a translucent overhead canopy
Outdoor balcony featuring a glass and metal railing, a clear glass overhead canopy with string lighting, and wood-paneled siding
Balcony with glass railing and metal frame, offering streetscape visibility
Contemporary multi-story building featuring light-colored facade panels and dark window frames
Modern architectural design featuring expansive windows, glass-paneled balconies, a brick and panel facade, a covered entry, and manicured landscaping
Contemporary multi-story building featuring a brick base and upper levels with horizontal siding
Fitness center featuring a rubberized floor, multiple exercise machines, and a wood-slat ceiling accent
Modern workspace featuring three pendant lights, light wood-finish desktops, and textured gray carpet flooring
Dedicated entertainment room featuring a large projection screen, dark wood-finish flooring, and full-wall curtain treatments
Rooftop patio with a low black perimeter wall and integrated planters featuring purple foliage and green shrubs
Rooftop outdoor kitchen featuring an integrated gas grill, sink, and stainless steel cabinetry
Expansive river with multiple bridges and a distant city skyline
Rooftop amenity space featuring artificial turf, black metal railings, and a blue soft-surface area
Lobby area featuring expansive fenestration, brick accent walls, and light-toned paneling
Expansive rooftop patio featuring paver flooring and multiple seating areas
Individual storage units featuring durable wire mesh construction and concrete flooring
Data was last updated July 16, 2026 at 07:40 PM (UTC)
Area Statistics
Listings on market:
101
Avg list price:
$570,000
Min list price:
$349,000
Max list price:
$1,488,000
Avg days on market:
45
Min days on market:
3
Max days on market:
352
Avg price per sq.ft.:
$728.54
These statistics are generated based on the current listing's property type
and located in Downtown NW. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
When you are planning to buy a property for sale, you should consider your lifestyle and budget, as well as how much you want to be involved in home maintenance. Here are some important considerations in selecting a home from the properties for sale:
Always have a Home Inspection done on the property!
If the home is less then 10 years old, check the Home Warranty provided for the property.
What should I review if the property is part of a Strata Corporation?
If the property is part of a Strata Corporation, it is very important to read and understand all the Strata documents, to determine the strata status before making a purchase decision.
These are the most common docs:
Current Form B
Bylaws & Rules
Strata Minutes including AGM, SGM
Rental Disclosure Statement
Engineering Reports
Depreciation Reports
Current Financial Statements
Insurance Certificate
What should I know about homes built before 1990?
If the home was built before 1990 it is important for you to know about the health risks associated with asbestos. See more details about asbestos in our Home Renovations blog page.
Why is the location important and what about Radon?
The location is always extremely important! You should consider the time you lose commuting to your work, the schools that are in the neighbourhood, access to amenities, shopping, parks, etc. You should also sick information about the Radon levels in the area & home. Radon might be a health issue if the level present in your home is higher. Find more information on our Radon blog page.
What should I check before completing a transaction on a property?
Before completing a transaction on a property, check the Property Ownership Types available in British Columbia.
Make sure you a know about the programs and incentives available for First Time Home Buyers if you are one!
If you are buying a property that is tenanted, check the different rules that apply for Tenant Occupied Properties.
Find other important information you have to know when you are buying a property on our Real Estate Blog Pages.
You should also check the prices for the recently Sold homes/ properties/ real estate in your neighbourhood! You can find them searching on the Search by City pages or searching Residential by Map All MLS ® Sold Listings are available!