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$498,888

602 7575 ALDERBRIDGE WAY

Richmond · MLS® R3137005

1 bed · 1 bath · 662 sq ft · 1 parking

Condo · Single Family · built 2008 · 114 days on market

Listed by Angie Sun, Royal Pacific Riverside Realty Ltd.

Realtor's description

Functional layout Bright East facing one bedroom + den with New paint, New flooring and a New gas stove! Huge den that can be an office, hobby room or a temporary bedroom. 1 parking & 1 storage locker. Well Managed Ocean Walk complex is located near heart of Richmond city centre, convenient location with walking distance to Lansdowne skytrain station, Richmond Shopping Centre, Olympic Oval, Restaurants and beautiful river road dike. Building has guest suite that can be rented to accommodate your out of town guests! 2 EV chargers in the complex. Great amenities in the building, including the exercise room, green putting area, spacious court yard, and children play area.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 662 sq ft
Parking: 1
Year built: 2008
Property tax: $1,811 / yr
Strata fee: $346 / mo ($0.52 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 114
MLS®: R3137005

Features

Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Typical for the area (-4.4%)

2026 assessment: $519,000 · asking is -3.9%
Price per sq ft: $754 vs $788 median for condos in Richmond for sale (826)

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 114 days · no price changes so far

The market here

Listed now: 65 days; median for 857 condos for sale; this one 114 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$519,000	$1,836

The listing shows $1,811 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

$2,671/mo

Mortgage $2,174 · Tax $151 · Strata $346

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

estimated payment

$2,174/ monthly

loan $399,110

25-year amortization

down payment20% · $99,77820%+ 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: $252,972
property transfer tax: $7,978; BC general rate
cash to close: $107,755; down + PTT
total paid: $652,082

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: $1,676/mo
After all costs: −$1,164/mo
Cap rate: 2.4%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,174 · tax $151 · strata $346 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 1-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: 8,590 m² (92,462 sq ft) · PID 027-301-052. 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 Samuel Brighouse Elementaryhomes in this catchment
900 m away · 6800 Azure Rd, Richmond · 604-668-6522
Secondary Richmond Secondaryhomes in this catchment
1.4 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.

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