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$1,289,000

13 7551 NO. 2 ROAD

Richmond · MLS® R3131379

3 bed · 3 bath · 1,721 sq ft · 2 parking

Townhouse · Single Family · built 2014 · 127 days on market

Listed by Eric Kim, Oakwyn Realty Ltd.

Introducing the largest 3 bedroom unit in Kingston Gate by Sian Group. Being the largest unit in the complex, this 1,721sf townhouse features 3 bedrooms, 1 den + nook. Large primary bedroom with 13ft wide closet. 2 Bedrooms feature double window system that blocks any noise from the busy street. Unlike typical townhome with double tandem, the living room is almost 16ft wide and 22 deep allowing any configuration of furniture, thus garage is not stiflingly narrow to drive in and out. Den on the ground floor for multi-purpose use. A cozy nook in between bedrooms is a perfect space for library or lounge. New laminate floor (2022) and refrigerator & dishwasher (2025). School Catchment: McKay Elementary, J.N. Burnett Secondary. Perfect home for you! Open House Aug 22, SAT 2-4pm.

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,721 sq ft
Parking: 2
Year built: 2014
Property tax: $4,427 / yr
Strata fee: $431 / mo ($0.25 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 127
MLS®: R3131379

Typical for the area (+4.1%)

Price per sq ft: $749 vs $719 median for townhouses in Richmond for sale (346)

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.

Pets Allowed With Restrictions

On market 127 days

Listed now: 50 days; median for 346 townhouses for sale; this one 127 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

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 Maps can be out of date or miss a lot line; confirm with the municipality.

$6,416/mo

Mortgage $5,616 · Tax $369 · Strata $431

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

estimated payment

$5,616/ monthly

loan $1,031,200

25-year amortization

down payment20% · $257,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $653,615
property transfer tax: $23,780; BC general rate
cash to close: $281,580; down + PTT
total paid: $1,684,815

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.

Rent: $2,500/mo
After all costs: −$4,291/mo
Cap rate: 1.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,616 · tax $369 · strata $431 · 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

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