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$1,398,000

5 13160 PRINCESS STREET

Richmond · MLS® R3156376

3 bed · 3 bath · 1,731 sq ft · 2 parking

Townhouse · Single Family · built 2004 · 53 days on market

Listed by Anne Piche, Sutton Group Seafair Realty

Realtor's description

Spotless and spacious DETACHED townhome with double garage in popular London Landing neighborhood. Lovely large covered porch to greet guests and lounge on with gas hook-up for barbeque or heater. The main floor boasts a double faced fireplace between the living and dining rooms creating that 'Great Room' feel plus crown mouldings throughout. Lots of cabinets & counters in the bright kitchen with windows on 2 sides. Downstairs there is a great flex/recreation space. Top floor affords 3 bedrooms and 2 full baths plus there is a powder room on the main. Garage is wired for EV charger. Lovely little fenced yard facing the farmland and it is a short stroll to the waterfront walkway which takes you to Steveston.

Property details

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,731 sq ft
Parking: 2
Year built: 2004
Property tax: $4,257 / yr
Strata fee: $445 / mo ($0.26 / sq ft)
Strata rules: Pets Allowed
Days on market: 53
MLS®: R3156376

Features

Pets Allowed
All

Price check

Above typical for the area (+13%)

2026 assessment: $1,152,000 · asking is +21%
Price per sq ft: $808 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 53 days · no price changes so far

The market here

Listed now: 52 days; median for 353 townhouses for sale; this one 53 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,152,000	$4,076

The listing shows $4,257 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

$6,890/mo

Mortgage $6,091 · Tax $355 · Strata $445

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

estimated payment

$6,091/ monthly

loan $1,118,400

25-year amortization

down payment20% · $279,60020%+ 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: $708,886
property transfer tax: $25,960; BC general rate
cash to close: $305,560; down + PTT
total paid: $1,827,286

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: −$4,765/mo
Cap rate: 1.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $6,091 · tax $355 · strata $445 · 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: 12,628 m² (135,927 sq ft) · PID 026-502-691. 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
1.1 km away · 5100 Brunswick Dr, Richmond · 604-668-7844
Secondary Robert A. McMath Secondaryhomes in this catchment
2.3 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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