Townhouse
$899,000
9% less per sq ft42 6388 ALDER STREET
Richmond2 days on market
2 bd3 ba1,380 sq ft
MLS® R31724381 / 26
$1,108,888
5 7531 NO. 1 ROAD
Richmond · MLS® R3136981
3 bed · 3 bath · 1,764 sq ft · 2 parking
Townhouse · Single Family · built 1989 · 113 days on market
Listed by Karen Zhao, RE/MAX Crest Realty
Realtor's description
Bright and spacious 3-bedroom, 2.5-bathroom townhome offering 1,764 sq. ft. of comfortable living space, including a family room, in the well-maintained and self-managed Madison Estates in desirable Quilchena. This home features a south-facing fenced yard with a private patio, perfect for BBQs and outdoor enjoyment. Enjoy extra-low strata fees and a convenient location close to the West Dyke Trail, Seafair Shopping Centre, schools, and transit. Recent updates include newer fencing, hot water tank, clothes washer, range hood, laminate flooring, and a roof that is only 10 years young. School catchment: Quilchena Elementary and Burnett Secondary. Open house: June 27/28 Sat/Sun 2-4pm
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,764 sq ft
- Parking
- 2
- Year built
- 1989
- Property tax
- $3,615 / yr
- Strata fee
- $400 / mo ($0.23 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 113
- MLS®
- R3136981
Features
- Pets Allowed
- All
Monthly cost
$5,533/mo
Mortgage $4,831 · Tax $301 · Strata $400
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
- $2,500/mo
- After all costs
- −$3,408/mo
- Cap rate
- 1.5%
- yearly net rent ÷ price
Costs: mortgage $4,831 · tax $301 · strata $400 · 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, Richmond School District 38
- Elementary Quilchena Elementaryhomes in this catchment
300 m away · 3760 Moresby Dr, Richmond · 604-668-6224
- Secondary Hugh Boyd Secondaryhomes in this catchment
1.4 km away · 9200 No. 1 Rd, Richmond · 604-668-6615
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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