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For sale

St. Andrews Manor

1025 St. Andrews Street, New Westminster

$11,300,000

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Price $11,300,000

Property type Apartment building

Units 48

Storeys 4

Year built 1969

Lot size 30,492 SF (231’ x 132’)

Zoning RM-2

Price per unit $235,417

Cap rate 4.5%

Gross rent multiplier 14

Parking 15 secured + 28 surface

PID 007-218-877

Legal description Lot 41 Suburban Block 7 Plan 35557

Overview

St. Andrews Manor is a well-maintained, four-storey apartment building comprising 48 suites in New Westminster’s desirable Brow of the Hill neighbourhood. Built in 1969 on a large 30,492 SF lot, the property features an elevator, balconies/patios on most suites, and three sets of leased washers and dryers.

Additional amenities include 43 parking stalls (28 surface and 15 secured), a building storage room, and 47 full-size lockers. Many upper-floor units offer impressive southern views of the Fraser River and Golden Ears Bridge.

The building has been thoughtfully upgraded over the years, including:

New front doors (2026)
New roof (2026)
New boilers (2024)
New common area carpet (2023)
Elevator upgrades (2023)
Replaced fascia and metal flashing (2021)
Electric breakers in all suites
Dishwashers in most two-bedroom units

The seller is open to offering a vendor take-back mortgage.

St. Andrews Manor (1025 St. Andrews Street) is available for purchase as a standalone asset or in combination with the neighbouring Twin Hollies (1010 St. Andrews Street).

Location

St. Andrews Manor is centrally located in the quiet, established “Brow of the Hill” residential neighbourhood in New Westminster. The property sits on the north side of St. Andrews Street, between 10th and 11th Avenues.

This convenient location offers easy walking access to Moody Park and the vibrant Uptown District, which features a wide range of retail amenities, financial institutions, office buildings, restaurants, and strip retail. Downtown New Westminster — home to Douglas College and multiple SkyTrain stations — is less than 1 km to the south.

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	No. units	Average size
Bachelor	No. units3	Average rent$1,117
1 bedroom	No. units31	Average rent$1,293
2 bedroom	No. units13	Average rent$1,553
3 bedroom	No. units1	Average rent$2,575

Financials

Financing	The seller is open to offering a vendor take-back mortgage.
Assessment 2026	Land Building Total	Land$6,554,000 Building$2,808,000 Total$9,362,000
Taxes 2026	$44,873
Income and expenses	Gross income Vacancy Effective gross Operating expenses Net operating income	Gross income$805,359 Vacancy(8,054) Effective gross$797,305 Operating expenses(286,183) Net operating income$511,122
Notes	For additional information including detailed financials, please contact the 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.