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$497,000

311 10788 NO. 5 ROAD

Richmond · MLS® R3167577

All units at 10788 No 5 Rd →

1 bed · 1 bath · 653 sq ft · 1 parking

Condo · Single Family · built 2018 · 18 days on market

Listed by Cindy Kao, Sutton Group Seafair Realty

Realtor's description

Currently the only CONCRETE home in all Richmond under $500K, over 650sqft. and under 10 years old. FRESHLY PAINTED + DEN FITS A BED + NIGHTSTAND! Welcome home to Calla at the Gardens - a rare low-rise concrete building situated in a park-like setting. This spacious 1 bed + den home offers a generous 650 sqft. of comfort space with a RARE extra-wide DEN! This charming unit offers tons of storage, with an entry closet + walk in closet. Facing quiet east exposure, you get to relax with plenty of natural sunlight! The property features A/C, NuHeat floor heating in the bathroom, designer colour schemes, and a lovely stainless steel kitchen package. (Some photos are virtual rendering and are for reference only.)

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 653 sq ft
Parking: 1
Year built: 2018
Property tax: $1,862 / yr
Strata fee: $482 / mo ($0.74 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 18
MLS®: R3167577

Features

Elevator
Pets Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Typical for the area (-4.3%)

2026 assessment: $570,000 · asking is -13%
Price per sq ft: $761 vs $795 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 18 days · no price changes so far

The market here

Listed now: 66 days; median for 852 condos for sale; this one 18 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$570,000	$2,017
2025	$583,000	$1,862

Estimated tax up 8.3% from 2025 to 2026.

The listing shows $1,862 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

$2,802/mo

Mortgage $2,165 · Tax $155 · Strata $482

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

estimated payment

$2,165/ monthly

loan $397,600

25-year amortization

down payment20% · $99,40020%+ 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: $252,014
property transfer tax: $7,940; BC general rate
cash to close: $107,340; down + PTT
total paid: $649,614

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: $1,676/mo
After all costs: −$1,295/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,165 · tax $155 · strata $482 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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: 16,116 m² (173,471 sq ft) · PID 030-442-265. 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 Daniel Woodward Elementaryhomes in this catchment
600 m away · 10300 Seacote Rd, Richmond · 604-668-6296
Secondary Matthew McNair Secondaryhomes in this catchment
2.0 km away · 9500 No. 4 Rd, Richmond · 604-668-6575

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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