Townhouse
$899,000
9% less per sq ft42 6388 ALDER STREET
Richmond2 days on market
2 bd3 ba1,380 sq ft
MLS® R31724381 / 14
$870,000
608 7488 LANSDOWNE ROAD
Richmond · MLS® R3165540
3 bed · 2 bath · 1,041 sq ft · 2 parking
Condo · Single Family · built 2017 · 22 days on market
Listed by Nick Cheng, Macdonald Realty
Realtor's description
Thoughtfully designed 3 bed, 2 bath unit featuring Cressey's signature designed kitchen. Enjoy a large private patio complete with a natural gas BBQ hookup and fireplace, perfect for outdoor dining, entertaining or simply relaxing. The patio offers direct access to the building's rooftop deck and amenity room, creating an extension of your outdoor living space. Complete with parking for 2 vehicles and ideally located near the Richmond Olympic Oval, fitness facilities, restaurants, shopping and everyday conveniences. 1 storage locker is also included and A/C for maximum comfort
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,041 sq ft
- Parking
- 2
- Year built
- 2017
- Property tax
- $3,079 / yr
- Strata fee
- $767 / mo ($0.74 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 22
- MLS®
- R3165540
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
$4,814/mo
Mortgage $3,791 · Tax $257 · Strata $767
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,500/mo
- After all costs
- −$2,549/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $3,791 · tax $257 · strata $767 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ 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
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary Samuel Brighouse Elementaryhomes in this catchment
800 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.
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