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$758,000

311 5880 DOVER CRESCENT

Richmond · MLS® R2994043

All units at 5880 Dover Cres →

2 bed · 2 bath · 950 sq ft · 1 parking

Condo · Single Family · built 1994 · 533 days on market

Listed by Summer Sha, Luxmore Realty

Realtor's description

Enjoy Waterside Dover Crescent! This East Facing bright, partially renovated, and spacious 2-bedroom, 2-bath condo is perfect for your dream home, surrounded by cherry flowers. This home has been kept in mint condition. Its layout has an open kitchen with quartz countertop, gas fireplace, in-suite laundry, 2 large bathrooms with upgraded quartz countertop, and a covered balcony with great water and mountain view. 1 secured under building parking, 1 storage locker. A very well-maintained complex with a steel Roof, a Party room, a gym, tennis courts and a basketball court. Steps to the dyke, trails, shopping plaza at Terra Nova, and Richmond oval. Only 1 cat allowed, no dogs allowed.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 950 sq ft
Parking: 1
Year built: 1994
Property tax: $2,171 / yr
Strata fee: $464 / mo ($0.49 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 533
MLS®: R2994043

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

Features

Elevator
Pets Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Typical for the area (+1.1%)

2026 assessment: $680,000 · asking is +11%
Price per sq ft: $798 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 533 days · no price changes so far

The market here

Listed now: 66 days; median for 852 condos for sale; this one 533 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$680,000	$2,406
2025	$711,000	$2,271

Estimated tax up 5.9% from 2025 to 2026.

The listing shows $2,171 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

$3,948/mo

Mortgage $3,303 · Tax $181 · Strata $464

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

estimated payment

$3,303/ monthly

loan $606,400

25-year amortization

down payment20% · $151,60020%+ 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: $384,360
property transfer tax: $13,160; BC general rate
cash to close: $164,760; down + PTT
total paid: $990,760

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: −$2,100/mo
Cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,303 · tax $181 · strata $464 · 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: 10,704 m² (115,217 sq ft) · PID 023-233-338. 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 Archibald Blair Elementaryhomes in this catchment
900 m away · 6551 Lynas Lane, Richmond · 604-668-6330
Secondary J.N. Burnett Secondaryhomes in this catchment
1.1 km away · 5011 Granville Ave, Richmond · 604-668-6478

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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