502 7977 Lansdowne Road

Richmond · MLS® R3177677

all units at 7977 Lansdowne Rd →

221

777 sq ft · Condo · Single Family · built 2025 · 4 days on market

listed by Wendy Tan, Nu Stream Realty Inc.

realtor's description

Welcome luxury Condo LUXE!Located heart of Richmond.This Stylish 2-Bedroom,2-Bathroom residence offers a functional layout designed for comfortable living. The living and dining room provide a spacious space to relax and entertain.The two bedrooms offers flexibility for the convenience for families. An excellent opportunity for homeowners and investors seeking a desirable location with outstanding convenience.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 777 sq ft
parking: 1
year built: 2025
strata fee: $644 / mo ($0.83 / sq ft)
strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
days on market: 4
MLS®: R3177677

features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All
Intercom

the market here

listed now: 75 days; median for 799 condos for sale; this one 4 days

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

property tax by year

year	assessed	est. tax
2026	$918,000	$3,248

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

$4,304/mo

Mortgage $3,660 · Strata $644

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

estimated payment

$3,660/ monthly

loan $672,000

25-year amortization

down payment20% · $168,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 26, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $425,940
property transfer tax: $0; $14,800 less $14,800 newly built exemption
cash to close: $168,000; down + PTT
total paid: $1,097,940

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $2,310/mo
after all costs: −$2,214/mo
cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,660 · strata $644 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Richmond: CMHC's average there ($2,046) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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: 7,455 m² (80,245 sq ft) · PID 032-597-941. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Rapid transit: Lansdowne SkyTrain station, 100 m (about 2 min walk); Richmond–Brighouse SkyTrain station, 700 m (about 11 min walk).

schools

Catchment schools, Richmond School District 38

Elementary City Centre Elementaryhomes in this catchment
Secondary Richmond Secondaryhomes in this catchment
1.5 km away · 7171 Minoru Blvd, Richmond · 604-668-6400

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.

good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.