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$579,000

701 7380 Elmbridge Way

Richmond · MLS® R3128811

All units at 7380 Elmbridge Way →

2 bed · 2 bath · 951 sq ft · 1 parking

Condo · Single Family · built 1996 · 136 days on market

Listed by Vivian Yin, Pacific Evergreen Realty Ltd.

Realtor's description

Welcome to this spacious and affordable 951 sqft home in the heart of Richmond! Built by renowned developer BOSA, this concrete high-rise features 2 bedrooms and 2 bathrooms with a bright, functional layout. The south-facing living room and bedrooms are filled with natural light and overlook lush tree-lined views, creating a warm and inviting atmosphere. The open-concept living and dining area seamlessly connects to a practical pass-through kitchen, ideal for comfortable everyday living. 1 Parking 1 Locker. Enjoy an unbeatable location just steps from Richmond Centre, Richmond Olympic Oval, T&T Supermarket, Richmond Hospital, restaurants, banks, SkyTrain, buses, and more.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 951 sq ft
Parking: 1
Year built: 1996
Property tax: $2,084 / yr
Strata fee: $588 / mo ($0.62 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 136
MLS®: R3128811

Buying in a building from 1982 to 2000: what to read first

Features

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

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-23%)

2026 assessment: $589,000 · asking is -1.7%
Price per sq ft: $609 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 136 days · no price changes so far

The market here

Listed now: 66 days; median for 858 condos for sale; this one 136 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$589,000	$2,084

The listing shows $2,084 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

$3,284/mo

Mortgage $2,523 · Tax $174 · Strata $588

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

estimated payment

$2,523/ monthly

loan $463,200

25-year amortization

down payment20% · $115,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $293,594
property transfer tax: $9,580; BC general rate
cash to close: $125,380; down + PTT
total paid: $756,794

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: $2,046/mo
After all costs: −$1,437/mo
Cap rate: 2.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,523 · tax $174 · strata $588 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 2-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: 4,689 m² (50,472 sq ft) · PID 023-386-100. 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
800 m away · 6800 Azure Rd, Richmond · 604-668-6522
Secondary Richmond Secondaryhomes in this catchment
1.2 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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