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$1,068,000

2 8531 WILLAMS ROAD

Richmond · MLS® R3167361

3 bed · 3 bath · 1,321 sq ft · 2 parking

Townhouse · Single Family · built 2013 · 21 days on market

Listed by Kevin Tong, 1NE Collective Realty Inc.

Realtor's description

Parkfront Homes! This well-designed home features a spacious and functional floor plan with a large open-concept living, dining and kitchen area, plus LOW STRATA FEE. Conveniently located directly across from South Arm Community Centre and just steps to public transit, parks and schools. Features include granite countertops, stainless steel appliances, in-suite washer/dryer, crown moulding and quality flooring throughout. Full attached double garage. School catchments: Lee Elementary and Hugh McRoberts Secondary. A great family home in a highly convenient Richmond location. Showings by appointment. 4K Video: https://youtu.be/z3W26HQkArA

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,321 sq ft
Parking: 2
Year built: 2013
Property tax: $3,484 / yr
Strata fee: $261 / mo ($0.20 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 21
MLS®: R3167361

Features

Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+13%)

Price per sq ft: $808 vs $717 median for townhouses in Richmond for sale (345)

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 21 days · no price changes so far

The market here

Listed now: 52 days; median for 354 townhouses for sale; this one 21 days

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

Monthly cost

$5,204/mo

Mortgage $4,653 · Tax $290 · Strata $261

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

estimated payment

$4,653/ monthly

loan $854,400

25-year amortization

down payment20% · $213,60020%+ 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: $541,552
property transfer tax: $19,360; BC general rate
cash to close: $232,960; down + PTT
total paid: $1,395,952

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: $2,500/mo
After all costs: −$3,079/mo
Cap rate: 1.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,653 · tax $290 · strata $261 · 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

The building's lot: 2,040 m² (21,958 sq ft) · PID 029-209-897. 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 Walter Lee Elementaryhomes in this catchment
800 m away · 9491 Ash St, Richmond · 604-668-6269
Secondary Hugh McRoberts Secondaryhomes in this catchment
300 m away · 8980 Williams Rd, Richmond · 604-668-6600

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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