- New Westminster
- Residential Attached
- MLS® #:
- # 1905 271 Francis Way
- New Westminster
- Fraserview NW
One of the most sought-after neighbourhoods in New Westminster is Fraserview. Its proximity to the Fraser River offers residents some stunning views, especially in the areas where newer condos and townhouses have been developed. What was once a bustling industrial area has now become a gorgeous residential community offering stunning views of the water and a mix of single-family homes, townhouses and condos. Lush parks are present around the neighbourhood, offering residents plenty of open space to explore, play and enjoy the sunshine.
Fraserview is a diverse and multicultural community, its housing and amenities appealing to families, young couples and professionals from all backgrounds. The growth of New Westminster in recent years has become a topic of interest amongst investors, developers, and individual homebuyers interested in rising property values within New West's neighbourhoods. neighbourhoods like Fraserview are of special interest, with its proximity to both Downtown New Westminster and Downtown Vancouver, as well as its location near the river and the family-friendly environment.
The city's population increased 12.7% between 2006 and 2011, more than double the national growth of 5.9%. The population recorded in the 2011 census was 65,976, and the New Westminster median income is $68,976, not far below Vancouver's median income of $73,390.
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The unemployment rate of New Westminster residents was 7.9% in 2011, about the same as the national unemployment rate, with 69.7% of residents participating in the workforce. One of the fastest growing industries in the city of New Westminster is the arts, entertainment and recreation industry; it experienced a 46.4% growth rate between 2006 and 2011. Information and cultural services grew 42.2% and wholesale trade grew 41.7%. Overall, the service industry grew 24.6%. Industries employing the largest number of New West residents include education, healthcare, social services and transportation. Much of this is related to the Royal Columbian Hospital as well as the TransLink move to Sapperton.
Fraserview residents have the best of both worlds; retailers and businesses within the neighbourhood offer the essentials while larger shopping outlets and centers are a short distance by car. Those who want to stay closer to home can take advantage of the retailers in the Holland Shopping Center off of Strand Avenue, as well as a variety of grocery stores, drug stores, specialty stores and professional services clustered around East Columbia Street. Westminster Quay is just over 3 kilometres from Fraserview, and offers a variety of goods and services. Pick up some fresh seafood or check out the farmer's market for delicious produce before strolling along the boardwalk.
New Westminster residents certainly don't have a hard time finding a great place to eat. In fact, they might have a difficult time choosing which fantastic place to visit! Fine dining restaurants throughout town offer unbelievable seafood and steak dishes while casual diners serve up some of the most delicious comfort food in the province. Just like the diversity and culture of the people, the cuisines offered are varied and fantastic: Chinese, Japanese, Italian, German, Thai, Indian and Greek restaurants are available. Even vegetarian-friendly meals are available at places like the Coming Home Cafe. Those who want to stay closer to home can check out The Boiler as well as The Castle Neighbourhood Grill.
Along with the rest of New Westminster, Fraserview has access to the TransLink network. A number of buses service various routes throughout the city, and buses come along quite frequently. Many Fraserview residents prefer to walk or cycle to their desired locations, although traveling by car is still the most popular option. The streets are in a grid pattern, making it fairly easy to find various locations. In addition, residents can reach the Trans-Canada Highway through Burnette Avenue or Cariboo Road. The SkyTrain is also an option, which takes passengers to and from Metro Vancouver.
The school district operating within New Westminster offers 8 elementary schools as well as 2 middle schools for families to send their children to. Fraserview residents primarily utilize the Herbert Spencer Community School (featuring a Fraser Institute Rating of 7.1), which is within walking distance for many families, as well as the Glenbrook Middle School. Various adult-learning facilities are located nearby, including Douglas College, a top-notch college offering a variety of degrees and serving approximately 14,000 students per year.
There are many ways for Fraserview residents to take in and appreciate the arts. Several theaters are located throughout the town, including the Massey Theatre, with the proud title of British Columbia's oldest theater. Here, residents can enjoy fantastic live music performances from some of the most popular stars as well as orchestras such as the Vancouver Symphony. Near the Columbia SkyTrain Station is the Raymond Burr Performing Arts Centre, featuring a variety of plays and productions year round. Galleries are also abundant throughout New Westminster, including the New Westminster Arts Council's Gallery, which features the work of new and established local artists. The December arts and crafts fair hosted here is quite popular amongst New West residents. The work of local artists can also be seen at the Public Library Gallery, which features a variety of works from photographs and watercolor paintings to sculptures.
Those who love sports enjoy a variety of options throughout New Westminster, both for playing and viewing. Mercer Stadium is one of the most popular venues in town, and plays host to the Hyacks football team as well as the Vancouver Metro Soccer League. Moody Park Arena is a fantastic place to get in some ice skating or watch a hockey game, and individuals can take advantage of Mercer Stadium Track as well, which features a artificial turf field perfect for playing soccer. Canada Games Pool is located within the Fraserview neighbourhood and offers swimming lessons for families and children of all ages. Also within the neighbourhood is the Glenbrook Ravine Park, where avid hikers can access trails and plenty of wide open spaces.
Children love the Fraser River Discovery Center, located near River Market, which features an excellent illustrated history of the Fraser River. The various festivals held in New Westminster every year are also kid favourites, especially the Hyack Festival held in May and Heritage Week in November. Both feature a variety of child-friendly events and offerings, including fun carnival-style rides, face painting, art contests and more. There's always something for a family to do in New Westminster, which keeps everyone happy!
For families in search of a permanent location, Fraserview is an outstanding choice. It offers everything savvy parents are searching for: excellent schools, a top-notch selection of hospitals and clinics (including Woodlands Hospital and Victoria Heights Hospital located right in the neighbourhood), close proximity to shopping and dining, a host of entertainment and recreational options and affordable housing. In addition to those benefits, families who invest in a home within the Fraserview neighbourhood can be almost certain that property values will rise significantly. This is especially true as professionals working in Vancouver continue to relocate to the area in search of more affordable housing, and as aging adults trade in their condo keys for detached homes to raise a family in.
Investors will appreciate the staggering growth of the area, both in residential and commercial/industrial areas. With a fair number of older (and affordable) homes available that can quickly be updated and renovated, Fraserview is the perfect neighbourhood to find investment properties. The neighbourhood has all of the amenities of downtown Vancouver, but retains the small-town atmosphere of friendly people, peaceful streets and lots of greenery and nature. It's an excellent option for anyone in the market for a home in New Westminster.
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The data relating to real estate on this web site comes in part from the MLS Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLSR logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.
Listing information last updated on September 24th, 2018 at 3:16pm PDT.
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