Townhouse
$899,000
9% less per sq ft42 6388 ALDER STREET
Richmond2 days on market
2 bd3 ba1,380 sq ft
MLS® R31724381 / 9
$1,000,000
48 4337 BOUNDARY ROAD
Richmond · MLS® R3088874
3 bed · 3 bath · 1,270 sq ft · 2 parking
Townhouse · Single Family · built 2026 · 239 days on market
Listed by Dennis Lai, Oakwyn Realty Ltd.
Realtor's description
Move in Early Spring 2026! Discover Parc Thompson - Final Phase Secure a brand-new townhome with just a 5% deposit. Designed for modern living, enjoy soaring 9´ ceilings, oversized windows, and a bright open layout. The chef-inspired kitchen features quartz countertops, upgraded Fisher & Paykel appliances, soft-close cabinetry, and GROHE fixtures. Experience year-round comfort with an energy-efficient heat pump & A/C, plus Level 2-ready EV charging in the garage. This spacious 3-bedroom home offers private outdoor space and tandem parking, minutes from Queensborough Landing, parks, schools, and transit. Nestled in a safe, vibrant neighborhood - come see why these homes are generating so much buzz and where your next chapter begins.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,270 sq ft
- Parking
- 2
- Year built
- 2026
- Strata fee
- $353 / mo ($0.28 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 239
- MLS®
- R3088874
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$4,710/mo
Mortgage $4,357 · Strata $353
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $2,500/mo
- After all costs
- −$2,585/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $4,357 · strata $353 · 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
RichmondGoogle Maps ↗
Schools
Catchment schools, New Westminster School District 40
- Middle Queensborough Middle Schoolhomes in this catchment
1.3 km away · 833 Salter St, New Westminster · 604-517-6040
- Secondary New Westminster Secondaryhomes in this catchment
4.4 km away · 820 6th St, New Westminster · 604-517-6122
From the New Westminster School District 40'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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