7451 No. 2 Road

Richmond · MLS® R3075288

746

3,991 sq ft · 6,463 sq ft lot · House · Single Family · built 1987 · 298 days on market

listed by Davina Tang, RE/MAX Westcoast

realtor's description

This property is part of a LAND ASSEMBLY. 6,463 square ft (44' x 147') lot with a 7 bed/4 bath family home (4,000 sq ft) & 2 kitchens. Located in this PRIME, CENTRAL location between Granville Avenue and Blundell Road. Large, fenced yard with West views and lots of exterior parking on concrete driveway plus 2-car garage. Close to shopping, great schools, parks, bus transit linking to Canada Line SkyTrain, 10 min drive to YVR airport & 10 min drive to Steveston's famous waterfront community. This property has recently been rezoned to RSM/L.

property details

type: House, Single Family
bedrooms: 7
bathrooms: 4
living area: 3,991 sq ft
lot: 6,463 sq ft
parking: 6
year built: 1987
property tax: $5,717 / yr
days on market: 298
MLS®: R3075288

features

Central location
All
Central Vacuum

the market here

listed now: 70 days; median for 607 houses for sale; this one 298 days

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

property tax by year

year	assessed	est. tax
2026	$1,554,000	$5,499

The listing shows $5,717 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

$11,739/mo

Mortgage $11,263 · Tax $476

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

estimated payment

$11,263/ monthly

loan $2,068,000

25-year amortization

down payment20% · $517,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,310,779
property transfer tax: $55,550; BC general rate
cash to close: $572,550; down + PTT
total paid: $3,378,779

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

suite rent: $1,920/mo
your cost after the suite: $10,148/mo; vs $11,914 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $11,263 · tax $476 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 1-bedroom in Richmond: CMHC's average there ($1,676) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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