1 / 40

$1,559,000

1602 5580 NO. 3 ROAD

Richmond · MLS® R3119161

3 bed · 3 bath · 1,501 sq ft · 2 parking

Condo · Single Family · built 2018 · 156 days on market

Listed by Jeanie Ho, Sutton Group - 1st West Realty

Prime Location at Brighouse. Penthouse at Orchid by Beedie. SOUTHEAST CORNER PENTHOUSE. spacious 3 bedroom + 3 bathrooms penthouse. This luxury home featured with integrated kitchen, high-end European appliances gas stove and huge VIEW balcony. Over 10,000 square feet indoor and outdoor amenities including gym, yoga room and roof top garden for your enjoyment. Unbeatable location with steps to skytrain station, restaurants, banks and shopping malls. 2 EV parking stalls with 1 locker. Perfect layout to make this unit to be your new home.

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,501 sq ft
Parking: 2
Year built: 2018
Property tax: $4,526 / yr
Strata fee: $1,148 / mo ($0.76 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 156
MLS®: R3119161

Above typical for the area (+31%)

Price per sq ft: $1,039 vs $792 median for condos in Richmond for sale (829)

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
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 156 days

Listed now: 70 days; median for 830 condos for sale; this one 156 days

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 Maps can be out of date or miss a lot line; confirm with the municipality.

$8,317/mo

Mortgage $6,792 · Tax $377 · Strata $1,148

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

estimated payment

$6,792/ monthly

loan $1,247,200

25-year amortization

down payment20% · $311,80020%+ 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: $790,524
property transfer tax: $29,180; BC general rate
cash to close: $340,980; down + PTT
total paid: $2,037,724

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: −$6,052/mo
Cap rate: 0.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,792 · tax $377 · strata $1,148 · insurance ~$35 · 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

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.

RichmondGoogle Maps ↗