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$728,000

511 10033 RIVER DRIVE

Richmond · MLS® R3130633

All units at 10033 River Dr →

2 bed · 2 bath · 1,055 sq ft · 2 parking

Condo · Single Family · built 2014 · 130 days on market

Listed by Ada Tse, Multiple Realty Ltd.

Realtor's description

CORNER UNIT WITH UNOBSTRUCTED RIVER AND MOUNTAIN VIEWS FROM EVERYROOM. Efficient layout with separated bedrooms for privacy and expansive windows that maximize natural light and panoramic views. The master bedroom offers a private balcony overlooking the river and mountains, while the second bedroom enjoys views of the river and open green space. An extra-large balcony extends from the living and dining areas, and the open kitchen is complemented by a wok kitchen for specialty cooking. Enjoy year-round comfort with heating and air conditioning. Recent updates include a new heat pump (2025) and washer & dryer (2025). Condo in MINT condition. 2 parking stalls included. Amenities include an indoor pool, gym, and party room.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,055 sq ft
Parking: 2
Year built: 2014
Property tax: $2,916 / yr
Strata fee: $920 / mo ($0.87 / sq ft)
Strata rules: Rentals Allowed With Restrictions
Days on market: 130
MLS®: R3130633

Features

Elevator
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-13%)

2026 assessment: $824,000 · asking is -12%
Price per sq ft: $690 vs $792 median for condos in Richmond for sale (824)

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 130 days · no price changes so far

The market here

Listed now: 66 days; median for 856 condos for sale; this one 130 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$824,000	$2,916

The listing shows $2,916 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

$4,335/mo

Mortgage $3,172 · Tax $243 · Strata $920

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

estimated payment

$3,172/ monthly

loan $582,400

25-year amortization

down payment20% · $145,60020%+ 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: $369,148
property transfer tax: $12,560; BC general rate
cash to close: $158,160; down + PTT
total paid: $951,548

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: $2,046/mo
After all costs: −$2,488/mo
Cap rate: 1.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,172 · tax $243 · strata $920 · insurance ~$35 · 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

The building's lot: 9,158 m² (98,576 sq ft) · PID 029-370-281. 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 Robert J Tait Elementaryhomes in this catchment
400 m away · 10071 Finlayson Dr, Richmond · 604-668-6444
Secondary Cambie Secondaryhomes in this catchment
2.9 km away · 4151 Jacombs Rd, Richmond · 604-668-6430

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.

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