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$1,220,000

5531 OLIVER DRIVE

Richmond · MLS® R3165309

4 bed · 3 bath · 2,185 sq ft · 3,946 sq ft lot · 4 parking

House · Single Family · built 1992 · 24 days on market

Listed by Maurice Yu, Magsen Realty Inc.

Open house · Saturday, October 10, 2pm–4pm

Realtor's description

This home features 3 bedrooms and 2 full bathrooms upstairs, along with a potential 1-bedroom & 1-bathroom separate suite with its own entrance downstairs - ideal for a growing family or as a mortgage helper. Enjoy a fantastic open-concept layout with a large kitchen, spacious dining area perfect for family meals, and a warm, cozy family room with a fireplace. Backs onto a lush greenbelt, offering privacy and potential for a garden oasis. Roof (2012), laminate flooring (2012), extra-large double garage with a spacious driveway for parking. Walking distance to McLean Park, Hamilton Elementary & Community Centre; short drive to Richmond & easy access to Hwy 91. (some photos are virtually staged). Open house Saturday, Sept 26 2:00-4:00PM.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 3
Living area: 2,185 sq ft
Lot: 3,946 sq ft
Parking: 4
Year built: 1992
Property tax: $4,510 / yr
Days on market: 24
MLS®: R3165309

Features

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-26%)

2026 assessment: $1,249,000 · asking is -2.3%
Price per sq ft: $558 vs $757 median for houses in Richmond for sale (596)

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 24 days · no price changes so far

The market here

Listed now: 66 days; median for 621 houses for sale; this one 24 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,249,000	$4,419

The listing shows $4,510 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

$5,691/mo

Mortgage $5,315 · Tax $376

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

estimated payment

$5,315/ monthly

loan $976,000

25-year amortization

down payment20% · $244,00020%+ 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: $618,627
property transfer tax: $22,400; BC general rate
cash to close: $266,400; down + PTT
total paid: $1,594,627

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.

Location

Lot outline: 367 m² (3,950 sq ft) · PID 017-381-878. 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 Hamilton Elementaryhomes in this catchment
1.0 km away · 5180 Smith Dr, Richmond · 604-668-6514
Secondary Matthew McNair Secondaryhomes in this catchment
10.5 km away · 9500 No. 4 Rd, Richmond · 604-668-6575

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: 2016 (78 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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