Richmond · MLS® R3147380
435
2,148 sq ft · 7,098 sq ft lot · House · Single Family · built 1961 · 101 days on market
listed by Lana Wu, RE/MAX Colonial Pacific Realty
Rare opportunity in the highly desirable McNair neighbourhood! Priced below BC Assessment, this 7,098 SF property with valuable back lane access is zoned RSM/L, offering exceptional fourplex redevelopment potential (buyer to verify with the City). Whether you're a builder, investor, or future homeowner, this property offers outstanding long-term value. The well-maintained 2,148 SF two-storey home features 4 bedrooms, 3 bathrooms, plus a main-floor 1-bedroom in-law suite with a second kitchen and new carpet (2026), ideal for extended family, rental income, or holding while planning future development. Major updates include the roof and bathrooms (approx. 2000) and the main kitchen (2012-2013). Bright, functional layout, spacious deck, and private backyard on a quiet family-friendly street close to schools, parks, shopping, and transit. All measurements are based on floor plans; buyers should verify if important.
found among the listing photos.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
Costs: mortgage $6,534 · tax $443 · insurance ~$175 · vacancy 3% · upkeep 5%.
Suite rent is today's market rent for a 1-bedroom in Richmond: CMHC's average there ($1,676) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Catchment schools, Richmond School District 38
300 m away · 10851 Shell Rd, Richmond · 604-668-6602
700 m away · 9500 No. 4 Rd, Richmond · 604-668-6575
From the Richmond School District 38's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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| year | assessed | est. tax |
|---|---|---|
| 2026 | $1,609,800 | $5,696 |
The listing shows $5,311 a year in property tax.
Estimate: the BC Assessment value times Richmond's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Houses in Richmond. Sale prices register 1 to 3 months after a sale closes.
lot outline: 659 m² (7,093 sq ft) · PID 003-995-275. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.
Walkability 63/100 · Walkable: many errands on foot
Within a 10 minute walk: 3 parks and playgrounds, 1 school, 22 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters
From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.