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$964,900

37 6245 Sheridan Road

Richmond · MLS® R3167647

All units at 6245 Sheridan Rd →

3 bed · 1 bath · 1,884 sq ft · 1 parking

Townhouse · Single Family · built 1978 · 19 days on market

Listed by Rebekka Cates, RE/MAX City Realty

Realtor's description

Welcome to Maple Tree Lane in Richmond´s sought-after Woodwards neighbourhood. This 3-bed, 2-bath corner townhome features a smart layout with garage converted to living space, bonus storage annex, and west-facing backyard. The main bath has been beautifully redone with new tub, shower, and tiling. Updates include new roof, hardwood floors, modern lighting, fresh fencing, and upgraded drainage with French drain. A large backyard with a fruiting plum tree adds to the charm. Complex amenities include tennis court and playground. All within minutes of top schools, parks, recreation, shopping, and convenient transit. Proactive strata with a strong CRF makes this a move-in-ready home with long-term value. Full-size home with a townhouse price, call for a private viewing today! OH SEPT 27 12-2

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 1
Living area: 1,884 sq ft
Parking: 1
Year built: 1978
Property tax: $3,938 / yr
Days on market: 19
MLS®: R3167647

Features

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-28%)

2026 assessment: $1,179,000 · asking is -18%
Price per sq ft: $512 vs $714 median for townhouses in Richmond for sale (347)

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 19 days · no price changes so far

The market here

Listed now: 53 days; median for 357 townhouses for sale; this one 19 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,179,000	$4,172
2025	$1,233,000	$3,938

Estimated tax up 5.9% from 2025 to 2026.

The listing shows $3,938 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

$4,532/mo

Mortgage $4,204 · Tax $328

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

estimated payment

$4,204/ monthly

loan $771,920

25-year amortization

down payment20% · $192,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $489,273
property transfer tax: $17,298; BC general rate
cash to close: $210,278; down + PTT
total paid: $1,261,193

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: −$2,407/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,204 · tax $328 · 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: 40,109 m² (431,729 sq ft) · PID 023-187-026. 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

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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