House
$1,688,000
26% less per sq ft4573 No. 5 Road
Richmond22 days on market
MLS® R3167040
1 / 6
3 bed · 3 bath · 1,322 sq ft · 2 parking
Townhouse · Single Family · built 2025 · 57 days on market
Listed by Jory Henrickson, Vanhaus Gruppe Realty Inc.
Realtor's description
Located in Richmond's desirable Steveston neighbourhood, Cavendish by Panatch Group is an exclusive collection of move-in-ready 3 & 4 bedroom townhomes and duplexes. This bright 3 bedroom townhome offers over 1,300 sqft of thoughtfully designed living space. Upstairs, all three bedrooms are grouped to keep everyone connected. The open-concept kitchen features sleek quartz countertops, integrated Fisher & Paykel appliances, and modern shaker-style cabinetry. Enjoy a fenced yard and a deck off your living area-ideal for entertaining and everyday living.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,322 sq ft
- Parking
- 2
- Year built
- 2025
- Strata fee
- $294 / mo ($0.22 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 57
- MLS®
- R3155881
Features
- Pets Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
$6,258/mo
Mortgage $5,964 · Strata $294
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
- −$4,133/mo
- Cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $5,964 · strata $294 · insurance ~$175 · 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 John G Diefenbaker Elementaryhomes in this catchment
300 m away · 4511 Hermitage Dr, Richmond · 604-668-6639
- Secondary Hugh Boyd Secondaryhomes in this catchment
700 m away · 9200 No. 1 Rd, Richmond · 604-668-6615
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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