Condo
$978,000
13% under assessed211 12911 RAILWAY AVENUE
Richmond87 days on market
MLS® R3145344
1 / 25
3 bed · 3 bath · 1,312 sq ft · 1 parking
Townhouse · Single Family · built 2023 · 18 days on market
Listed by Frank Zhou, Nu Stream Realty Inc.
Realtor's description
Spires Gate by quality builder Alabaster, an award-winning Westside townhome developer. The unit offers warm and contemporary interiors with an open living space and a very functional layout, air conditioning and heating for all three levels. The kitchen comes with a smart Samsung appliance package with the latest touchscreen fridge. All three bedrooms are totally separated, provides enough privacy for each bedroom. Master bedroom takes over the whole top floor, with spacious living space, a large walk-in closet and a huge roof top sundeck. This townhome community is conveniently located in the most central location of Richmond, with minutes walking distance to Richmond Public Market, Lansdowne shopping Centre, Richmond Centre Shopping mall, skytrain, KPU, and tons of restaurants.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,312 sq ft
- Parking
- 1
- Year built
- 2023
- Property tax
- $3,867 / yr
- Strata fee
- $463 / mo ($0.35 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 18
- MLS®
- R3168092
Features
- Central location
- Elevator
- Pets Allowed
- All
Monthly cost
$6,005/mo
Mortgage $5,220 · Tax $322 · Strata $463
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,500/mo
- After all costs
- −$3,880/mo
- Cap rate
- 1.3%
- yearly net rent ÷ price
Costs: mortgage $5,220 · tax $322 · strata $463 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ bedroom in Richmond (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary William Cook Elementaryhomes in this catchment
200 m away · 8600 Cook Rd, Richmond · 604-668-6454
- Secondary A.R. MacNeill Secondaryhomes in this catchment
1000 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.
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