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$1,799,800

8271 NO. 1 ROAD

Richmond · MLS® R3168502

4 bed · 2 bath · 1,585 sq ft · 7,258 sq ft lot · 1 parking

House · Single Family · built 1956 · 16 days on market

Listed by Kevin Kam, Oakwyn Realty Ltd.

Realtor's description

Perfect redevelopment opportunity in the highly desirable Seafair neighbourhood of West Richmond. Situated on a 66' x 110' lot with RSM/L zoning, the property offers excellent potential for a duplex, multiplex, or even townhouse development, subject to City approvals.The lot also features the increasingly rare benefit of backlane access, a significant advantage for future redevelopment. There may also be an opportunity for a land assembly with neighbouring properties, providing additional development potential for the right buyer. Steps away from Seafair Shopping Centre and transit hub. James Gilmore Elementary and Hugh Boyd Secondary School catchment. A rare opportunity to acquire a well-positioned redevelopment site in one of West Richmond´s most sought-after neighbourhoods.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 1,585 sq ft
Lot: 7,258 sq ft
Parking: 1
Year built: 1956
Property tax: $5,342 / yr
Days on market: 16
MLS®: R3168502

Price check

2026 assessment: $1,545,500 · asking is +16%
Price per sq ft: $1,136 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 16 days · no price changes so far

The market here

Listed now: 66 days; median for 618 houses for sale; this one 16 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,545,500	$5,469

The listing shows $5,342 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

$8,287/mo

Mortgage $7,842 · Tax $445

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

estimated payment

$7,842/ monthly

loan $1,439,840

25-year amortization

down payment20% · $359,96020%+ 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: $912,627
property transfer tax: $33,996; BC general rate
cash to close: $393,956; down + PTT
total paid: $2,352,467

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: 674 m² (7,255 sq ft) · PID 004-156-668. 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 James Gilmore Elementaryhomes in this catchment
400 m away · 8380 Elsmore Rd, Richmond · 604-668-6268
Secondary Hugh Boyd Secondaryhomes in this catchment
800 m away · 9200 No. 1 Rd, Richmond · 604-668-6615

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.

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