1 / 18

$1,698,000

5555 WALLACE ROAD

Richmond · MLS® R3143901

4 bed · 2 bath · 1,928 sq ft · 8,412 sq ft lot · 4 parking

House · Single Family · built 1971 · 94 days on market

Listed by Frank Zheng Chen, Nu Stream Realty Inc.

Realtor's description

Investor alert! A large lot 8412 sqft in Steveston North Richmond. Potential to build a beautiful new custom dream home. South facing, Steps away from parks, Steveston-London Secondary and McKinney Elementary and recreation.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 1,928 sq ft
Lot: 8,412 sq ft
Parking: 4
Year built: 1971
Property tax: $6,657 / yr
Days on market: 94
MLS®: R3143901

Features

Price check

Above typical for the area (+16%)

2026 assessment: $1,961,300 · asking is -13%
Price per sq ft: $881 vs $758 median for houses in Richmond for sale (593)

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 94 days · no price changes so far

The market here

Listed now: 66 days; median for 618 houses for sale; this one 94 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,961,300	$6,940

The listing shows $6,657 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

$7,953/mo

Mortgage $7,398 · Tax $555

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

estimated payment

$7,398/ monthly

loan $1,358,400

25-year amortization

down payment20% · $339,60020%+ 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: $861,007
property transfer tax: $31,960; BC general rate
cash to close: $371,560; down + PTT
total paid: $2,219,407

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: 833 m² (8,966 sq ft) · PID 016-326-598. 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 James McKinney Elementaryhomes in this catchment
200 m away · 10451 Lassam Rd, Richmond · 604-668-6133
Secondary Steveston-London Secondaryhomes in this catchment
1000 m away · 6600 Williams Rd, Richmond · 604-668-6668

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.

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