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$1,489,880

20 8899 SPIRES ROAD

Richmond · MLS® R3138090

All units at 8899 Spires Rd →

4 bed · 2 bath · 1,628 sq ft · 1 parking

Townhouse · Single Family · built 2026 · 112 days on market

Listed by Carol H Yang, Unilife Realty Inc.

Realtor's description

Discover 8899 Spires - A unique set of 28 brand-new, three/four-story townhomes represents the final opportunity for urban living near the sky train in downtown Richmond. Just moments from Richmond Center and Brighouse SkyTrain Station, a prime location for those seeking both convenience and connectivity. This project caters to savvy investors and families alike, with a focus on maximizing returns and meeting diverse housing needs. Each townhome features separate entrances for secondary suites, providing flexibility and potential for additional income. Every unit includes one parking slot equipped for electric vehicles, ensuring modern convenience and sustainability for residents. Seize this final opportunity to experience the epitome of contemporary urban living at 8899 Spires.

Property details

Type: Townhouse, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 1,628 sq ft
Parking: 1
Year built: 2026
Strata fee: $456 / mo ($0.28 / sq ft)
Strata rules: Pets Allowed
Days on market: 112
MLS®: R3138090

Features

Central location
Elevator
Pets Allowed
All
Refrigerator
Intercom

Price check

Above typical for the area (+28%)

2026 assessment: $13,541,000 · asking is -89%
Price per sq ft: $915 vs $717 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.

Property insights

On market 112 days · no price changes so far

The market here

Listed now: 52 days; median for 354 townhouses for sale; this one 112 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$13,541,000	$47,913

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

$6,947/mo

Mortgage $6,491 · Strata $456

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

estimated payment

$6,491/ monthly

loan $1,191,904

25-year amortization

down payment20% · $297,97620%+ 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: $755,475
property transfer tax: $27,798; BC general rate
cash to close: $325,774; down + PTT
total paid: $1,947,379

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: −$4,822/mo
Cap rate: 1.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,491 · strata $456 · 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

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary William Cook Elementaryhomes in this catchment
300 m away · 8600 Cook Rd, Richmond · 604-668-6454
Secondary A.R. MacNeill Secondaryhomes in this catchment
1.0 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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