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$828,000

1505 8831 LANSDOWNE ROAD

Richmond · MLS® R3121959

All units at 8831 Lansdowne Rd →

2 bed · 2 bath · 1,272 sq ft · 1 parking

Condo · Single Family · built 1992 · 150 days on market

Listed by Sam Li, RE/MAX Crest Realty

Realtor's description

Location! Location! Beautiful Sub-Penthouse at Centre Pointe. North facing 2BED+DEN, 2BATH home. Amazing view to North, West & East. 1272SF of living space+ 113SF Balcony. Both bedrooms come with ensuite bathroom & the bedrooms are also located on opposite side for extra privacy. The Den is very spacious and it could be the third bedroom or an office! Functional floorplan, tastefully renovated with updated kitchen, bathroom & flooring. Building has been substantially updated & very well maintained. Amenities including outdoor pool, sauna, guest suites, gym & game rooms. Walking distance to Lansdowne Mall, T&T, Walmart, Skytrain & more. 1 Parking & 1 Locker included. Low strata fees. No Dog. Rental allowed. Easy to show!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,272 sq ft
Parking: 1
Year built: 1992
Property tax: $2,692 / yr
Strata fee: $408 / mo ($0.32 / sq ft)
Strata rules: Rentals Allowed With Restrictions
Days on market: 150
MLS®: R3121959

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Private setting
Elevator
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-18%)

2026 assessment: $833,000 · asking is -0.6%
Price per sq ft: $651 vs $795 median for condos in Richmond for sale (819)

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 150 days · no price changes so far

The market here

Listed now: 67 days; median for 850 condos for sale; this one 150 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$833,000	$2,947
2025	$843,000	$2,692

Estimated tax up 9.5% from 2025 to 2026.

The listing shows $2,692 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

$4,240/mo

Mortgage $3,608 · Tax $224 · Strata $408

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

estimated payment

$3,608/ monthly

loan $662,400

25-year amortization

down payment20% · $165,60020%+ 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: $419,855
property transfer tax: $14,560; BC general rate
cash to close: $180,160; down + PTT
total paid: $1,082,255

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: −$2,393/mo
Cap rate: 1.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,608 · tax $224 · strata $408 · 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: 22,427 m² (241,402 sq ft) · PID 019-118-996. 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 City Centre Elementaryhomes in this catchment
Secondary A.R. MacNeill Secondaryhomes in this catchment
1.3 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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