House
$1,688,000
26% less per sq ft4573 No. 5 Road
Richmond22 days on market
MLS® R3167040
1 / 8
4 bed · 4 bath · 1,718 sq ft · 2 parking
Townhouse · Single Family · built 2025 · 57 days on market
Listed by Jory Henrickson, Vanhaus Gruppe Realty Inc.
Realtor's description
Nestled in Richmond's sought-after Steveston neighbourhood, Cavendish by Panatch Group is an exclusive collection of move-in-ready 3 & 4 bedroom townhomes and duplexes. This bright 3 bedroom townhome offers over 1,700 sqft of thoughtfully designed living space, including a versatile lock-off suite with its own kitchenette, bathroom, and separate entrance-perfect as a mortgage helper or private guest space. The open-concept kitchen features sleek quartz countertops, integrated Fisher & Paykel appliances, and modern shaker-style cabinetry. Outdoor living includes a welcoming entry patio and a large wraparound deck off the kitchen, ideal for entertaining.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 4
- Bathrooms
- 4
- Living area
- 1,718 sq ft
- Parking
- 2
- Year built
- 2025
- Strata fee
- $386 / mo ($0.22 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 57
- MLS®
- R3155934
Features
- Pets Allowed With Restrictions
- All
- Dishwasher
- Oven - Built-In
Monthly cost
$8,049/mo
Mortgage $7,663 · Strata $386
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $2,500/mo
- After all costs
- −$5,924/mo
- Cap rate
- 1.2%
- yearly net rent ÷ price
Costs: mortgage $7,663 · strata $386 · 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 John G Diefenbaker Elementaryhomes in this catchment
300 m away · 4511 Hermitage Dr, Richmond · 604-668-6639
- Secondary Hugh Boyd Secondaryhomes in this catchment
700 m away · 9200 No. 1 Rd, Richmond · 604-668-6615
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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