Land
$199,800
LOT 31 WESTMINSTER HIGHWAY
Richmond24 days on market
MLS® R3165304
3 bed · 2 bath · 1,130 sq ft · 1 parking
Condo · Single Family · built 1974 · 275 days on market
Listed by Calvin Lai, LeHomes Realty Premier
Realtor's description
This cozy 3bed and 1.5 half home sits in the most desirable South Arm community. East exposure. Very spacious and functional layout. Super location that is close to School, parks, shopping Mall, Community centre and bus stop. Quiet unit. Top school catchment : Bridge Elementary/ Whiteside Elementary(French Immersion) and McRoberts Secondary
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,130 sq ft
- Parking
- 1
- Year built
- 1974
- Strata fee
- $1,168 / mo ($1.03 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 275
- MLS®
- R3076843
Features
- Pets not Allowed
- Refrigerator
- Stove
Monthly cost
$1,930/mo
Mortgage $762 · Strata $1,168
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $2,500/mo
- After all costs
- $335/mo
- Cap rate
- 7.5%
- yearly net rent ÷ price
Costs: mortgage $762 · strata $1,168 · 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
Location
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary William Bridge Elementaryhomes in this catchment
300 m away · 10400 Leonard Rd, Richmond · 604-668-6236
- Secondary Hugh McRoberts Secondaryhomes in this catchment
600 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.
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