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$4,300,000

8340 NO. 3 ROAD

Richmond · MLS® R3141447

4 bed · 2 bath · 2,808 sq ft · 18,943 sq ft lot · 5 parking

House · Single Family · built 1944 · 101 days on market

Listed by Peter Kalicki, Macdonald Realty Westmar

Realtor's description

Prime Redevelopment Opportunity on No. 3 Road! A rare 18,943 sq. ft. lot with 132 feet of frontage in a highly sought-after location, ideal for developers and investors. Situated on No. 3 Road, this property offers exceptional potential for townhouse development. The existing home is livable, providing flexibility for interim use while planning redevelopment. This property must be sold in conjunction with 8011 Lucas Road, which is listed under Commercial listing number C8080038, further expanding development possibilities. Don´t miss this high-growth opportunity in a Prime Richmond location.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 2,808 sq ft
Lot: 18,943 sq ft
Parking: 5
Year built: 1944
Property tax: $12,192 / yr
Days on market: 101
MLS®: R3141447

Features

Central location

Price check

2026 assessment: $3,495,000 · asking is +23%
Price per sq ft: $1,531 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 101 days · no price changes so far

The market here

Listed now: 66 days; median for 618 houses for sale; this one 101 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$3,495,000	$12,367

The listing shows $12,192 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

$19,751/mo

Mortgage $18,735 · Tax $1,016

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

estimated payment

$18,735/ monthly

loan $3,440,000

25-year amortization

down payment20% · $860,00020%+ 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: $2,180,406
property transfer tax: $133,000; BC general rate
cash to close: $993,000; down + PTT
total paid: $5,620,406

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: 1,763 m² (18,977 sq ft) · PID 004-962-478. 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 Garden City Elementaryhomes in this catchment
800 m away · 8311 Garden City Rd, Richmond · 604-668-7855
Secondary R C Palmer Secondaryhomes in this catchment
600 m away · 8160 St. Albans Rd, Richmond

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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