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$519,000

611 7488 LANSDOWNE ROAD

Richmond · MLS® R3156732

All units at 7488 Lansdowne Rd →

1 bed · 1 bath · 580 sq ft · 1 parking

Condo · Single Family · built 2017 · 52 days on market

Listed by Teresa (Mo-Lan) Pang, RE/MAX Heights Realty

Realtor's description

Cadence by Cressey Developments. This 575 square ft 1-bedroom home features engineered hardwood flooring and a signature Cressey kitchen with integrated double refrigerator, gas cooktop, and premium stainless steel appliances. Enjoy year-round comfort with air conditioning and a spa-inspired bathroom with heated marble tile floors. The bright southeast-facing unit includes 1 parking stall & 1 storage locker. Residents have access to exceptional amenities, including a multi-purpose sports court, steam sauna, and an expansive rooftop garden with clubhouse and BBQ area. Ideally located steps to the Olympic Oval, T&T Supermarket, Shoppers Drug Mart, TD and BMO, fitness centres, shops, restaurants, and professional services. Walking distance to Lansdowne Mall and SkyTrain.

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 580 sq ft
Parking: 1
Year built: 2017
Property tax: $1,875 / yr
Strata fee: $427 / mo ($0.74 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 52
MLS®: R3156732

Features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+13%)

2026 assessment: $547,000 · asking is -5.1%
Price per sq ft: $895 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 52 days · no price changes so far

The market here

Listed now: 66 days; median for 855 condos for sale; this one 52 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$547,000	$1,935

The listing shows $1,875 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

$2,844/mo

Mortgage $2,261 · Tax $156 · Strata $427

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

estimated payment

$2,261/ monthly

loan $415,200

25-year amortization

down payment20% · $103,80020%+ 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: $263,170
property transfer tax: $8,380; BC general rate
cash to close: $112,180; down + PTT
total paid: $678,370

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: −$1,338/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,261 · tax $156 · strata $427 · 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

RichmondGoogle Maps ↗

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.

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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