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$2,950,000

12540 WESTMINSTER HIGHWAY

Richmond · MLS® R3110852

6 bed · 4 bath · 4,641 sq ft · 1 sq ft lot · 4 parking

House · Single Family · built 1992 · 178 days on market

Listed by Calvin Lai, LeHomes Realty Premier

Realtor's description

Welcome to this amazing house that sits in a great location close to Highways and Bridge to Vancouver/Burnaby. The property has been used as a home and was location for a RV parking business before. The property has a large house, pool and two additional buildings as workshop. Lots of renovation in year 2006 and also renovation between Year 2020-year2021. that includes newer kitchen, newer road pavement, newer doors and painting and floors as well and much more. The property is zoned AG1 and is in the ALR. The location would be great potential for any business within the zoning, where Additional Buildings could be used for storage or employee housing.

Property details

Type: House, Single Family
Bedrooms: 6
Bathrooms: 4
Living area: 4,641 sq ft
Lot: 1 sq ft
Parking: 4
Year built: 1992
Property tax: $7,189 / yr
Days on market: 178
MLS®: R3110852

Features

Central location
Refrigerator
Stove
Washer & Dryer

Price check

Below typical for the area (-16%)

2026 assessment: $2,151,000 · asking is +37%
Price per sq ft: $636 vs $756 median for houses in Richmond for sale (597)

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 178 days · no price changes so far

The market here

Listed now: 66 days; median for 622 houses for sale; this one 178 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,151,000	$7,611

The listing shows $7,189 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.

Monthly cost

$13,452/mo

Mortgage $12,853 · Tax $599

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

estimated payment

$12,853/ monthly

loan $2,360,000

25-year amortization

down payment20% · $590,00020%+ 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: $1,495,860
property transfer tax: $66,500; BC general rate
cash to close: $656,500; down + PTT
total paid: $3,855,860

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.

Location

Lot outline: 4,050 m² (43,594 sq ft) · PID 003-605-311. 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 Kathleen McNeely Elementaryhomes in this catchment
1.4 km away · 12440 Woodhead Rd, Richmond · 604-668-6250
Secondary Cambie Secondaryhomes in this catchment
1.5 km away · 4151 Jacombs Rd, Richmond · 604-668-6430

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

Agricultural Land Reserve
This address is inside the Agricultural Land Reserve. ALR land is set aside for farming; building, subdividing and non-farm uses follow Agricultural Land Commission rules.
Source: Agricultural Land Commission, ALR boundary
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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