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$458,000

214 7631 STEVESTON HIGHWAY

Richmond · MLS® R3169177

2 bed · 2 bath · 963 sq ft · 1 parking

Condo · Single Family · built 1974 · 15 days on market

Listed by Eric KM Lee, Multiple Realty Ltd.

Realtor's description

Welcome to Admiral´s Walk! This bright 2-bed, 2-bath home offers 963 square ft of functional living space. Features a modern kitchen with high-gloss cabinetry, updated appliances, and ample counter space. The open-concept living/dining area boasts a cozy white brick fireplace and large windows overlooking lush gardens. Spacious primary bedroom with walk-in closet and renovated ensuite. Upgraded flooring throughout. Resort-style amenities include an outdoor pool, sauna, clubhouse, and community garden. Quiet, well-maintained complex on Steveston Hwy, minutes to shopping, transit, and Steveston Village. Move-in ready!

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 963 sq ft
Parking: 1
Year built: 1974
Property tax: $1,741 / yr
Strata fee: $568 / mo ($0.59 / sq ft)
Strata rules: Adult Oriented, Pets not Allowed
Days on market: 15
MLS®: R3169177

Features

Elevator
Adult Oriented
Pets not Allowed
Washer

Price check

2026 assessment: $492,000 · asking is -6.9%
Price per sq ft: $476 vs $789 median for condos in Richmond for sale (821)

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 15 days · no price changes so far

The market here

Listed now: 66 days; median for 852 condos for sale; this one 15 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$492,000	$1,741
2025	$510,800	$1,631

Estimated tax up 6.7% from 2025 to 2026.

The listing shows $1,741 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.

Monthly cost

$2,708/mo

Mortgage $1,995 · Tax $145 · Strata $568

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

estimated payment

$1,995/ monthly

loan $366,400

25-year amortization

down payment20% · $91,60020%+ 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: $232,239
property transfer tax: $7,160; BC general rate
cash to close: $98,760; down + PTT
total paid: $598,639

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: $2,046/mo
After all costs: −$861/mo
Cap rate: 3.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,995 · tax $145 · strata $568 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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: 26,031 m² (280,195 sq ft) · PID 001-276-409. 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 Maple Lane Elementaryhomes in this catchment
500 m away · 7671 Alouette Dr, Richmond · 604-668-6692
Secondary Steveston-London Secondaryhomes in this catchment
1.1 km away · 6600 Williams Rd, Richmond · 604-668-6668

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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