102 9373 Hemlock Drive

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$1,920/mo

after all costs

−$950/mo

cap rate

3.0%

yearly net rent ÷ price

Costs: mortgage $2,192 · tax $144 · strata $346 · insurance ~$35 · vacancy 3% · upkeep 5%.

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

• Elementary Henry Anderson Elementaryhomes in this catchment

  200 m away · 9460 Alberta Rd, Richmond · 604-668-6355

• Secondary A.R. MacNeill Secondaryhomes in this catchment

  400 m away · 6611 No. 4 Rd, Richmond · 604-668-6212

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.