Welcome to Parkside at Victoria Hill, located at 271 Francis Way in New Westminster. Nestled in the picturesque Victoria Hill community, this exceptional townhome offers approximately 1,845 sq. ft. of thoughtfully designed living space across three levels. Designed for both comfortable everyday living and effortless entertaining, the open-concept layout is filled with natural light and features a spacious kitchen with an extra-long island, perfect for gathering with family and friends. Enjoy the convenience of a two-car garage, private entry, and seamless indoor-outdoor living with four patios and balconies. Residents of Parkside enjoy access to an impressive 5,400 sq. ft. Wellness Centre, complete with an outdoor swimming pool, hot tub, professional
Property details
3
Beds
2 full + 1 half
Baths
1,857 ft²
Floor area
2016
Year built
3
Storeys
2
Parking
$846/mo
Strata fee
$5,054/yr
Gross tax
Location & structure
Townhouse
Type
Full
Basement
Yes
Garage
No
Carport
New Westminster
Area
Fraserview NW
Sub-area
3 Storey
Style
Style
3 Storey
Basement
Full
Structure
Residential Attached
Property highlights
Balcony
Gym
Pool
In-suite laundry
Hot tub
Double garage
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Baseboard, Electric
Parking
Underground, Guest
Lot
Central Location
Laundry
In Unit
Community
Gated, Shopping Nearby
Additional details
Common interest
Condominium
Levels
Three Or More
Main floor (ground)
791 ft²
Tax year
2025
Listed by Sincere Real Estate Services. Data from BCRES. Last updated Jul 6, 2026, 11:53 AM.
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $238,000 down (20%) on $1,190,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 714 listings
Condo / Apartment
418
58.5%
Detached
194
27.2%
Townhouse
49
6.9%
Land
20
2.8%
Duplex
15
2.1%
Other
18
2.5%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · New Westminster · 2,490 dwellings
High-rise apartment1,055 · 42.4%
Low-rise apartment960 · 38.6%
Row house330 · 13.3%
Single-detached125 · 5.0%
Apartment in duplex20 · 0.8%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59154069· New Westminster· Transit 77/100 (1148m to rapid)· 0.62 km²
Median rent here
$1,572
Owner shelter cost
$1,780
Renters
28.0%
30%+ on shelter
25.3%
Population (2021)
5,467
Median age
42.8
Avg household size
2.1
Avg household income
$113,700
Renters
28.0%
Owners
72.0%
Immigrants
38.5%
Post-secondary
71.5%
Avg home value
$706,000
Single status
23.4%
Not in labour force
28.3%
Households with kids
28.8%
Median rent
$1,572
Owner shelter cost
$1,780
30%+ on shelter
25.3%
Breakdown
Under $5,000
30
1.2%
$5,000 to $9,999
10
0.4%
$10,000 to $14,999
20
0.8%
$15,000 to $19,999
20
0.8%
$20,000 to $24,999
45
1.8%
$25,000 to $29,999
65
2.6%
$30,000 to $34,999
60
2.4%
$35,000 to $39,999
85
3.4%
$40,000 to $44,999
75
3.0%
$45,000 to $49,999
70
2.8%
$50,000 to $59,999
175
7.0%
$60,000 to $69,999
175
7.0%
$70,000 to $79,999
165
6.6%
$80,000 to $89,999
175
7.0%
$90,000 to $99,999
155
6.2%
$100,000 to $124,999
355
14.3%
$125,000 to $149,999
250
10.0%
$150,000 to $199,999
320
12.9%
$200,000 and over
240
9.6%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59154069).
Market story
Rent in New Westminster
Census 2021 avg $1,572/mo here · Vancouver 3BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
