Overview
Carlton Court is a meticulously maintained, 26-suite, three-storey apartment building located in New Westminster’s sought-after Queen’s Park neighbourhood.
Built in 1925 on a large 23,925 SF lot, this character property’s suite mix comprises 21 one-bedrooms, four bachelors and one two-bedroom.
Designed by architect Ralph Berrill in the Mission Revival style, the building features curved parapets, decorative details and a distinctive central courtyard. The spacious suites retain original hardwood flooring, high ceilings, large windows and other period character elements that have been lovingly preserved.
A true neighbourhood landmark, Carlton Court stands as an early multi-family building in the primarily single-family Queen’s Park area. It was constructed on the former site of New Westminster Mayor John Cunningham Brown’s estate (itself previously associated with early settler William Clarkson) and reflects the neighbourhood’s evolution in the 1920s. Exuding old-world charm, it has remained a sought-after address for a century, with consistently low vacancy and a mix of residents.
Building amenities include a central courtyard, on-site laundry with two sets of owned washers and dryers, and full-size storage lockers for each suite. The property also includes 13 enclosed garages at the rear of the building—built contemporaneously with the apartments as a reflection of the era’s growing automobile culture—which are rented separately for additional income.
Recent capital improvements include a new hot water tank, a high-efficiency wall-mounted Rinnai boiler and plumbing upgrades. Each suite is separately metered for gas and electricity, with utilities paid directly by tenants. The building’s excellent condition and carefully retained character features underscore its long-term pride of ownership.
Location
Carlton Court is located in the quiet, established Queen’s Park neighbourhood of New Westminster, on Third Avenue between Third and Fourth Streets. The property sits in a predominantly residential area characterized by heritage homes, mature trees and proximity to Queen’s Park.
The location offers convenient access to Queen’s Park, with its extensive green space, walking trails and recreational facilities, as well as the shops, restaurants, grocery stores and services of Uptown New Westminster. Downtown New Westminster—home to Douglas College, the Columbia and New Westminster SkyTrain stations, and the waterfront—is also a short distance away.
Suite mix
| No. units | Average size | Average rent | |
|---|---|---|---|
| Bachelor | No. units4 | Average size500 | Average rent$1,191 |
| 1 Bedroom | No. units21 | Average size650 | Average rent$1,314 |
| 2 Bedroom | No. units1 | Average size800 | Average rent$1,336 |
Financials
| Financing | Treat as clear title | |
|---|---|---|
| Assessment 2026 | Land Building Total | Land$5,143,000 Building$122,000 Total$5,265,000 |
| Taxes 2026 | $25,236 | |
| Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income $446,812 Vacancy(4,468) Effective gross $442,344 Operating expenses(155,625) Net operating income $286,719 |
| Notes | For a rent roll and expense statement, please contact listing agent. | |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 537 8082
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 614 6275
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 537 8082
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 614 6275
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Gallery































Map





























































