House
$950,000
25% less per sq ft130 12000 1ST AVENUE
Richmond2 days on market
MLS® C8082642
1 / 40
2 bed · 2 bath · 1,274 sq ft · 1 parking
Townhouse · Single Family · built 1997 · 30 days on market
Listed by Jeet Singh, Royal LePage West Real Estate Services
Realtor's description
Terra Nova "Salisbury Lane" by Polygon features 3 level bright & spacious townhouse, 2 bedroom, 2 baths, gas F/P, balcony off kitchen, 1 garage, visitors parking, outdoor has swimming pool, hot tub, playground. Walt to Arm Dyke Trail, Terra Nova Rural Park, Save-On Foods, Starbucks, restaurant, bank, cafe, medical clinics, bus stop. Both level of schools, short drive to Steveston Village and Fish Market. Family oriented neighbourhood & more. A must see.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,274 sq ft
- Parking
- 1
- Year built
- 1997
- Property tax
- $2,277 / yr
- Strata fee
- $425 / mo ($0.33 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 30
- MLS®
- R3162413
Features
- Central location
- Private setting
- Pets Allowed With Restrictions
- All
Monthly cost
$4,266/mo
Mortgage $3,651 · Tax $190 · Strata $425
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,046/mo
- After all costs
- −$2,559/mo
- Cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $3,651 · tax $190 · strata $425 · insurance ~$175 · 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
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary Spul'u'kwuks Elementaryhomes in this catchment
400 m away · 5999 Blanshard Dr, Richmond · 604-303-5100
- Secondary J.N. Burnett Secondaryhomes in this catchment
1.0 km away · 5011 Granville Ave, Richmond · 604-668-6478
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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