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302 8700 Westminster Highway
homes for sale · Richmond
302 8700 Westminster Highway — photo 1 of 30
1 / 30
$448,000

302 8700 Westminster Highway

Richmond · MLS® R3175154

221

907 sq ft · Condo · Single Family · built 1989 · 15 days on market

listed by Anny Diao, Macdonald Realty

realtor's description

BRING YOUR VISION TO LIFE! A rare opportunity to transform this spacious 907 sq. ft. top-floor residence in Richmond's central Brighouse neighbourhood. Featuring 2 bedrooms, 2 bathrooms and distinctive vaulted ceilings, this home offers an inviting sense of space and an excellent canvas for your renovation ideas. Retaining its original character, the interior is ready for a thoughtful update to reflect your personal style. Whether you're a first-time buyer looking to create your own space, a renovation enthusiast or an investor seeking potential, this is an opportunity to make it your own. Conveniently located near shopping, restaurants, parks and transit. Bring your ideas and discover the possibilities! New hot water tank. 1 Parking/1 Storage. VISITOR PARKING IN THE BACK!

property details

similar homes nearby

all units at 8700 Westminster Hwy →
type
Condo, Single Family
bedrooms
2
bathrooms
2
living area
907 sq ft
parking
1
year built
1989
property tax
$1,702 / yr
strata fee
$562 / mo ($0.62 / sq ft)
strata rules
Pets not Allowed, Rentals Allowed With Restrictions
days on market
15
MLS®
R3175154

buying in a building from 1982 to 2000: what to read first

features

  • Elevator
  • Pets not Allowed
  • Rentals Allowed With Restrictions

monthly cost

$2,675/mo
Mortgage $1,972 · Tax $142 · Strata $562

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment
$1,972/ monthly
loan $358,400
25-year amortization
total interest
$233,113
property transfer tax
$6,960
BC general rate
cash to close
$96,560
down + PTT
total paid
$591,513
transfer tax

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent
$2,310/mo
after all costs
−$585/mo
cap rate
3.7%
yearly net rent ÷ price

Costs: mortgage $1,972 · tax $142 · strata $562 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Richmond: CMHC's average there ($2,046) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% 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.

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

schools

Catchment schools, Richmond School District 38

  • Elementary William Cook Elementaryhomes in this catchment

    500 m away · 8600 Cook Rd, Richmond · 604-668-6454

  • Secondary A.R. MacNeill Secondaryhomes in this catchment

    900 m 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.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Anny Diao
Macdonald Realty
call Anny · 604-781-6567
Powered by: REALTOR.ca

location

RichmondGoogle Maps ↗

Rapid transit: Richmond–Brighouse SkyTrain station, 800 m (about 12 min walk); Lansdowne SkyTrain station, 900 m (about 14 min walk).

property tax by year

yearassessedest. tax
2026$517,200$1,830
2025$533,000$1,702

Estimated tax up 7.5% from 2025 to 2026.

The listing shows $1,702 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.

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.

location

the building's lot: 3,130 m² (33,691 sq ft) · PID 010-439-722. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Rapid transit: Richmond–Brighouse SkyTrain station, 800 m (about 12 min walk); Lansdowne SkyTrain station, 900 m (about 14 min walk).

Drive times
  • William Cook Elementary2 min
  • Kwantlen Polytechnic University2 min
  • A.R. MacNeill Secondary3 min
  • Richmond Hospital4 min
  • YVR airport11 min
  • Downtown Vancouver24 min
86

Walkability 86/100 · Very walkable: most errands on foot

Within a 10 minute walk: 4 grocery stores, 38 places to eat or drink, 13 cafes, 13 parks and playgrounds, 1 school, 3 pharmacies, 20 transit stops.

mihom score from OpenStreetMap places, by straight line distance.

the market here

listed now
73 days
median for 784 condos for sale; this one 15 days

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

339 8500 Ackroyd Road, Richmond
open houseCondo
$518,000
32% less per sq ft
339 8500 Ackroyd Road
Richmond2 days on market
listed by Sutton Group - 1st West Realty
221977 sq ft
MLS® R3178819
801 7733 Firbridge Way, Richmond
Condo
$538,000
801 7733 Firbridge Way
Richmond99 days on market
listed by RE/MAX Westcoast
21
1505 8248 Lansdowne Road, Richmond
open houseCondo
$579,000
23% less per sq ft
1505 8248 Lansdowne Road
Richmond65 days on market
listed by Sutton Group-West Coast Realty
2
photos coming soon
Condo
$499,000
34% less per sq ft
239 8500 Ackroyd Road
Richmondlisted today
listed by eXp Realty
221968 sq ft
MLS® R3179804
202 8700 Westminster Highway, Richmond
Condo
$419,000
19% less per sq ft
202 8700 Westminster Highway
Richmondlisted today
listed by Multiple Realty Ltd.
11
316 5888 Dover Crescent, Richmond
Condo
$469,900
10% under assessed
316 5888 Dover Crescent
Richmond21 days on market
listed by Homelife Benchmark Realty Corp.
11
1
668 sq ft
MLS® R3148986
2
2
957 sq ft
MLS® R3158847
1
661 sq ft
MLS® R3179562
1
676 sq ft
MLS® R3173123