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$1,980,000

7531 GILBERT ROAD

Richmond · MLS® R3150080

10 bed · 7 bath · 3,143 sq ft · 7,700 sq ft lot · 6 parking

House · Single Family · built 1953 · 74 days on market

Listed by Daniel Wu, Luxmore Realty

Realtor's description

Great investment opportunity in Richmond's desirable Granville neighbourhood. Totally Renovated & Re-modeled 3,575 sqf. home situated on this 7,700 sq. ft east facing lot! Upstairs 5 bedrooms & 4 baths(3 on-suite bedrooms), with Huge 300 sqf. enclosed Roof Deck to enjoy all family time through the year! Downstairs 5 bedrooms & 3 bath, laundry and kitchen. Bonus: Garage converted into over 400 sqf storage & workshop! This property is great for rental income investment or future muti-unit landassambly project! Walking distance to Minoru Park, Richmond Library, Richmond Centre, Public transit and schools!

Property details

Type: House, Single Family
Bedrooms: 10
Bathrooms: 7
Living area: 3,143 sq ft
Lot: 7,700 sq ft
Parking: 6
Year built: 1953
Property tax: $5,813 / yr
Days on market: 74
MLS®: R3150080

Features

Price check

Below typical for the area (-17%)

2026 assessment: $1,576,000 · asking is +26%
Price per sq ft: $630 vs $758 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 74 days · no price changes so far

The market here

Listed now: 66 days; median for 618 houses for sale; this one 74 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,576,000	$5,576

The listing shows $5,813 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

$9,111/mo

Mortgage $8,627 · Tax $484

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

estimated payment

$8,627/ monthly

loan $1,584,000

25-year amortization

down payment20% · $396,00020%+ 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: $1,004,001
property transfer tax: $37,600; BC general rate
cash to close: $433,600; down + PTT
total paid: $2,588,001

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: 715 m² (7,696 sq ft) · PID 002-767-155. 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 Blundell Elementaryhomes in this catchment
500 m away · 6480 Blundell Rd, Richmond · 604-668-6562
Secondary Steveston-London Secondaryhomes in this catchment
1.8 km away · 6600 Williams Rd, Richmond · 604-668-6668

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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