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$718,800

401 12639 NO. 2 ROAD

Richmond · MLS® R3155940

All units at 12639 No 2 Rd →

2 bed · 2 bath · 1,000 sq ft · 2 parking

Condo · Single Family · built 1998 · 53 days on market

Listed by Kayla Nimchuk, RE/MAX Westcoast

Open house · Saturday, October 10, 1pm–3pm

Realtor's description

NAUTICA SOUTH - Experience Steveston living at its finest in this bright and spacious top-floor corner unit. Bathed in natural light from an abundance of windows, this beautifully positioned home offers peaceful views overlooking the farmland, with a mountain backdrop. The thoughtfully designed layout features a generously sized primary bedroom with vaulted cielings and a skylight in the ensuite. Enjoy the convenience of two parking stalls and a storage locker. Just steps from the dyke trail, marina, local shops, restaurants, and all that charming Steveston has to offer, this home perfectly blends comfort, convenience, and an exceptional location! Some photos and videohave been virtually staged. **OPEN HOUSE SATURDAY OCTOBER 10 1 - 3 PM**

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,000 sq ft
Parking: 2
Year built: 1998
Property tax: $2,622 / yr
Strata fee: $654 / mo ($0.65 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 53
MLS®: R3155940

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

Below typical for the area (-9.0%)

2026 assessment: $758,000 · asking is -5.2%
Price per sq ft: $719 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 53 days · no price changes so far

The market here

Listed now: 66 days; median for 852 condos for sale; this one 53 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$758,000	$2,682

The listing shows $2,622 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

$4,005/mo

Mortgage $3,132 · Tax $219 · Strata $654

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

estimated payment

$3,132/ monthly

loan $575,040

25-year amortization

down payment20% · $143,76020%+ 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: $364,483
property transfer tax: $12,376; BC general rate
cash to close: $156,136; down + PTT
total paid: $939,523

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: −$2,157/mo
Cap rate: 1.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,132 · tax $219 · strata $654 · 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: 7,706 m² (82,947 sq ft) · PID 024-310-662. 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 Tomekichi Homma Elementaryhomes in this catchment
700 m away · 5100 Brunswick Dr, Richmond · 604-668-7844
Secondary Robert A. McMath Secondaryhomes in this catchment
1.8 km away · 4251 Garry St, Richmond · 604-718-4050

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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