House
$2,588,000
13% under assessed11240 BIRD ROAD
Richmond16 days on market
MLS® R3168841
1 / 18
$2,590,000
3471 NEWMORE AVENUE
Richmond · MLS® R3157835
5 bed · 6 bath · 3,445 sq ft · 7,026 sq ft lot · 6 parking
House · Single Family · built 2009 · 49 days on market
Listed by Mike Ma, Royal Pacific Realty Corp.
Realtor's description
EXCELLENT CASH FLOW with Separate Suite operating as Licensed Short Term Rental! Rare opportunity to own this south-facing, like-new luxury home in Richmond's highly desirable Seafair area. Meticulously maintained and only lightly lived in, this elegant residence features a grand high-ceiling foyer, exquisite chandeliers, large windows, hardwood and marble flooring, radiant heating, A/C, HRV, security system, and a 3-car garage. Functional spacious layout includes chef's kitchen plus wok kitchen with premium S/S appliances, and a main floor bedroom. Mortgage helper potential with a separate self-contained suite currently operating as a licensed short-term rental with proven income capability. Conveniently located close to schools, shopping, parks, transit, and the Dyke trail.
Property details
- Type
- House, Single Family
- Bedrooms
- 5
- Bathrooms
- 6
- Living area
- 3,445 sq ft
- Lot
- 7,026 sq ft
- Parking
- 6
- Year built
- 2009
- Property tax
- $8,508 / yr
- Days on market
- 49
- MLS®
- R3157835
Features
- All
- Central Vacuum
- Oven - Built-In
Monthly cost
$11,993/mo
Mortgage $11,284 · Tax $709
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
If you rented it out
- Suite rent
- $1,676/mo
- Your cost after the suite
- $10,626/mo
- vs $12,168 without it
Costs: mortgage $11,284 · tax $709 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) 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 James Gilmore Elementaryhomes in this catchment
500 m away · 8380 Elsmore Rd, Richmond · 604-668-6268
- Secondary Hugh Boyd Secondaryhomes in this catchment
1.3 km 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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