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$699,000

124 4033 MAY DRIVE

Richmond · MLS® R3163340

All units at 4033 May Dr →

2 bed · 2 bath · 980 sq ft · 2 parking

Condo · Single Family · built 2020 · 30 days on market

Listed by Merry Tsai, RE/MAX Crest Realty

Realtor's description

Welcome to SPARK! One of the largest units in the complex, this spacious 2-bedroom + large den offers excellent potential for a 3RD BEDROOM. Features 2 bathrooms, 2 side-by-side parking stalls, 9' ceilings, A/C, smart-home features, and a generous patio perfect for BBQs and entertaining. Enjoy quality finishes including laminate flooring, engineered quartz countertops, custom cabinetry, and Bosch appliances with convection wall oven and 5-burner gas cooktop. Unbeatable central Richmond location-steps to Walmart, restaurants, schools, banks, transit and SkyTrain, with easy access to Hwy 91 & 99. A great opportunity for homeowners or investors!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 980 sq ft
Parking: 2
Year built: 2020
Strata fee: $666 / mo ($0.68 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 30
MLS®: R3163340

Features

Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-10%)

2026 assessment: $806,000 · asking is -13%
Price per sq ft: $713 vs $795 median for condos in Richmond for sale (821)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 30 days · no price changes so far

The market here

Listed now: 66 days; median for 852 condos for sale; this one 30 days

Condos in Richmond. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$806,000	$2,852
2025	$895,000	$2,858

Estimated tax down 0.2% from 2025 to 2026.

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.

Monthly cost

$3,711/mo

Mortgage $3,045 · Strata $666

20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.

estimated payment

$3,045/ monthly

loan $559,200

25-year amortization

down payment20% · $139,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $354,443
property transfer tax: $11,980; BC general rate
cash to close: $151,780; down + PTT
total paid: $913,643

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $2,046/mo
After all costs: −$1,864/mo
Cap rate: 2.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,045 · strata $666 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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

The building's lot: 5,986 m² (64,433 sq ft) · PID 031-153-755. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary Tomsett Elementaryhomes in this catchment
200 m away · 9671 Odlin Rd, Richmond · 604-668-6448
Secondary A.R. MacNeill Secondaryhomes in this catchment
2.2 km 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.

Good to know

Wildfire
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.

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