Richmond · MLS® R3142192
111
750 sq ft · Condo · Single Family · built 1976 · 120 days on market
listed by Randy Larsen, Macdonald Realty Westmar
Well-maintained 1 Bed, 1 Bath home offering approximately 750 sq. ft. of comfortable living space with a bright south-facing exposure in the desirable STORNOWAY. An excellent opportunity for first-time buyers, downsizers, or investors, this move-in-ready home features in-suite laundry, secured parking, & a storage locker. The spacious floor plan offers a large bedroom with a walk-in closet, inviting living & dining areas, & a generous kitchen. Enjoy amenities, including an outdoor heated pool, sauna, amenity room, and beautifully maintained grounds, all cared for by a dedicated on-site caretaker who keeps the complex looking picture-perfect year-round. Maint fees include heat, hot water, sewer, and water, ideally located just steps from South Arm Park and Community Centre, with easy access to public transportation, tennis and pickleball courts, sports fields, walking paths, and transit. Great opportunity for first-time buyers, down-sizers, or investors.
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $1,758 · tax $111 · strata $472 · insurance ~$35 · vacancy 3% · upkeep 5%.
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.
Catchment schools, Richmond School District 38
300 m away · 9282 Williams Rd, Richmond · 604-668-6209
400 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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| year | assessed | est. tax |
|---|---|---|
| 2026 | $398,300 | $1,409 |
| 2025 | $417,900 | $1,335 |
Estimated tax up 5.5% from 2025 to 2026.
The listing shows $1,335 a year in property tax.
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.
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.
the building's lot: 23,230 m² (250,045 sq ft) · PID 001-391-097. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.
Walkability 46/100 · Somewhat walkable: some errands on foot
Within a 10 minute walk: 13 parks and playgrounds, 2 schools, 15 transit stops.
mihom score from OpenStreetMap places, by straight line distance.
Condos in Richmond. Sale prices register 1 to 3 months after a sale closes.