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$1,690,000

7151 FRANCIS ROAD

Richmond · MLS® R3166621

5 bed · 3 bath · 2,511 sq ft · 11,055 sq ft lot · 6 parking

House · Single Family · built 1974 · 22 days on market

Listed by Zheng Hong, Nu Stream Realty Inc.

Realtor's description

Attention investors! Potential townhouse/duplex site. This property is located in a central area with easy access to schools and shopping. The lot is over 11,000 sq.ft. with good frontage. The real value of this property lies in its potential for development. With the lot size, it's possible to build a new home of up to 4500 sq.ft. This makes it an ideal location for townhouses or a large family home. Imagine the possibilities! Don't miss out on this fantastic investment opportunity. Contact us today to learn more and to schedule a viewing of the property.

Property details

Type: House, Single Family
Bedrooms: 5
Bathrooms: 3
Living area: 2,511 sq ft
Lot: 11,055 sq ft
Parking: 6
Year built: 1974
Property tax: $7,093 / yr
Days on market: 22
MLS®: R3166621

Features

Central location

Price check

Below typical for the area (-11%)

2026 assessment: $2,044,000 · asking is -17%
Price per sq ft: $673 vs $756 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 22 days · no price changes so far

The market here

Listed now: 66 days; median for 618 houses for sale; this one 22 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,044,000	$7,232

The listing shows $7,093 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

$7,954/mo

Mortgage $7,363 · Tax $591

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

estimated payment

$7,363/ monthly

loan $1,352,000

25-year amortization

down payment20% · $338,00020%+ 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: $856,950
property transfer tax: $31,800; BC general rate
cash to close: $369,800; down + PTT
total paid: $2,208,950

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: 1,029 m² (11,076 sq ft) · PID 000-910-031. 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 W D Ferris Elementaryhomes in this catchment
600 m away · 7520 Sunnymede Cres, Richmond · 604-668-6538
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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