$949,000

34 7040 WILLIAMS ROAD

Richmond · MLS® R3173856

3 bed · 2 bath · 1,600 sq ft · 2 parking

Townhouse · Single Family · built 1987 · listed today

Listed by Lisa Siperko, RE/MAX Westcoast

Realtor's description

RENOVATED & MOVE-IN READY! Beautifully updated in 2024, this bright 3 bed, 2 bath END-UNIT townhome at Twin Cedar Village impresses! Spacious reverse plan features open living/dining rooms with cozy gas fireplace & sunny south-facing balcony overlooking a HUGE fenced yard. Gorgeous kitchen with quartz counters, SS appliances, custom cabinetry. 2 generous bedrooms & updated ensuite complete the top level. Main-level primary suite with flex space & yard access offers excellent in-law suite potential! Updates include designer paint, laminate flooring, tile, crown moulding, lighting & blinds. Fully re-piped, NEW furnace & hot water tank. BONUS workshop/storage shed! 2 PARKING incl. garage. Pets & rentals allowed! Minutes to Maple Lane/ Steveston-London schools, Broadmoor shops, & Steveston Village!

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,600 sq ft
Parking: 2
Year built: 1987
Property tax: $3,330 / yr
Strata fee: $420 / mo ($0.26 / sq ft)
Strata rules: Pets Allowed
Days on market: 0
MLS®: R3173856

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

Features

Central location
Private setting
Pets Allowed
All

Price check

Below typical for the area (-17%)

Price per sq ft: $593 vs $717 median for townhouses in Richmond for sale (345)

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 0 days

The market here

Listed now: 51 days; median for 353 townhouses for sale; this one listed today

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

Monthly cost

$4,832/mo

Mortgage $4,135 · Tax $277 · Strata $420

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

estimated payment

$4,135/ monthly

loan $759,200

25-year amortization

down payment20% · $189,80020%+ 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: $481,211
property transfer tax: $16,980; BC general rate
cash to close: $206,780; down + PTT
total paid: $1,240,411

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: $2,500/mo
After all costs: −$2,707/mo
Cap rate: 1.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,135 · tax $277 · strata $420 · 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

The building's lot: 9,826 m² (105,766 sq ft) · PID 011-548-657. 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 Maple Lane Elementaryhomes in this catchment
400 m away · 7671 Alouette Dr, Richmond · 604-668-6692
Secondary Steveston-London Secondaryhomes in this catchment
300 m away · 6600 Williams Rd, Richmond · 604-668-6668

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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