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$498,000

306 7431 BLUNDELL ROAD

Richmond · MLS® R3165944

2 bed · 2 bath · 930 sq ft · 1 parking

Condo · Single Family · built 1984 · 22 days on market

Listed by Margaret Song, Macdonald Realty Westmar

One of the BEST in the Complex! Rarely available south facing top floor corner unit with large windows. This spacious 930 SF unit offers 2 bedrooms, 2 bathrooms & insuite laundry, cozy wood fireplace& formal dining area, plenty of storage plus huge balcony. Updates including kitchen with newer cabinets, backsplash and countertops, new appliances and toilets. Very well maintained strata. Amenities include a gym, indoor pool, sauna, hot tub, guest suite and lounge room. 2 Pets and rentals OK. Walking distance to Ferris Elementary and Richmond High. Great Central Richmond location close to buses, restaurants and Richmond Centre Mall. Open House: Oct 3 Sat, 2:00-4:00pm

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 930 sq ft
Parking: 1
Year built: 1984
Property tax: $1,956 / yr
Strata fee: $649 / mo ($0.70 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 22
MLS®: R3165944

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

Below typical for the area (-32%)

2026 assessment: $552,800 · asking is -9.9%
Price per sq ft: $535 vs $792 median for condos in Richmond for sale (829)

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.

Central location
Elevator
Pets Allowed With Restrictions
All

On market 22 days

Listed now: 70 days; median for 830 condos for sale; this one 22 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

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 Maps can be out of date or miss a lot line; confirm with the municipality.

Catchment schools, Richmond School District 38

Elementary W D Ferris Elementaryhomes in this catchment
300 m away · 7520 Sunnymede Cres, Richmond · 604-668-6538
Secondary Richmond Secondaryhomes in this catchment
600 m away · 7171 Minoru Blvd, Richmond · 604-668-6400

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.

$2,982/mo

Mortgage $2,170 · Tax $163 · Strata $649

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

estimated payment

$2,170/ monthly

loan $398,400

25-year amortization

down payment20% · $99,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $252,521
property transfer tax: $7,960; BC general rate
cash to close: $107,560; down + PTT
total paid: $650,921

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.

Rent: $2,046/mo
After all costs: −$1,134/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,170 · tax $163 · strata $649 · 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

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