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$988,000

16 8977 SPIRES ROAD

Richmond · MLS® R3147674

3 bed · 2 bath · 1,170 sq ft · 0 parking

Townhouse · Single Family · built 2026 · 81 days on market

Listed by Patsy Hui, RE/MAX Westcoast

Spires Pointe! This 22-unit beautiful English Tudor-style townhome project just got completed & is move-in ready. Eleven homes have 3 -bdrm, 2 to 2.5 baths, 1200 sf +/- & priced at $988,000 to $999,000 (likely No GST applicable for 1st time self-user). Available to purchase: secured U/G EV parking ($50k +5%GST). 9´ceiling on main & 2nd floors. Super-efficient layout. White Euro kitchen has quartz countertop with valance lighting, garburator & brand name appliances. Laminated 8"wood flooring in living area, tiled baths & carpeted bedrooms. Heat pump fan coil system provides heat & air conditioning. Large outdoor front garden & huge balcony. Lots of storage.

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,170 sq ft
Parking: 0
Year built: 2026
Strata fee: $359 / mo ($0.31 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 81
MLS®: R3147674

Above typical for the area (+17%)

2026 assessment: $19,851,000 · asking is -95%
Price per sq ft: $844 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.

Central location
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 81 days

Listed now: 50 days; median for 346 townhouses for sale; this one 81 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$4,663/mo

Mortgage $4,305 · Strata $359

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

estimated payment

$4,305/ monthly

loan $790,400

25-year amortization

down payment20% · $197,60020%+ 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: $500,986
property transfer tax: $17,760; BC general rate
cash to close: $215,360; down + PTT
total paid: $1,291,386

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: −$2,538/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,305 · strata $359 · 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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