2 8391 Rideau Drive

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$1,798,000

2 8391 Rideau Drive

Richmond · MLS® R3177792

551

2,058 sq ft · 6,733 sq ft lot · House · Single Family · built 2026 · 3 days on market

listed by Luis Gan, Dracco Pacific Realty

realtor's description

Newly built duplex in Richmond's sought-after Saunders neighbourhood! Feats soaring ceilings on both levels, oversized windows, glazed patio doors, A/C, heat pump, fireplace, wide-plank hardwood floors & concrete-layer soundproofing. Gourmet open-concept kitchen with custom cabinetry, sleek countertops & prem integrated Fisher & Paykel s/s appliances. Main flr legal suite with kitchen, full bath & separate entry, ideal for extended family/rental income. Upstairs offers 4 spacious BRs, incl. primary with WIC & spa-inspired ensuite, + office/study or guest rm. Single secured garage with EV-ready outlet, security cameras, smoke detectors, fenced yard & patio. Walk to transit; 5-min drive to Richmond Centre & SkyTrain. Lee Elementary & McRoberts Secondary catchments. OPEN HOUSE Sat & Sun | Oct 24th & 25th | 2-4pm

property details

type: House, Single Family
bedrooms: 5
bathrooms: 5
living area: 2,058 sq ft
lot: 6,733 sq ft
parking: 1
year built: 2026
days on market: 3
MLS®: R3177792

features

Central location

the market here

listed now: 69 days; median for 616 houses for sale; this one 3 days

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

property tax by year

year	assessed	est. tax
2026	$1,666,700	$5,897

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

$7,834/mo

Mortgage $7,834

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$7,834/ monthly

loan $1,438,400

25-year amortization

down payment20% · $359,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $911,714
property transfer tax: $33,960; BC general rate
cash to close: $393,560; down + PTT
total paid: $2,350,114

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

suite rent: $1,920/mo
your cost after the suite: $6,242/mo; vs $8,009 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $7,834 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Richmond: CMHC's average there ($1,676) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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