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$2,788,000

9940 BATES ROAD

Richmond · MLS® R3167859

7 bed · 8 bath · 5,404 sq ft · 10,814 sq ft lot · 8 parking

House · Single Family · built 1993 · 18 days on market

Listed by Elizabeth Chau, Latitude Realty Inc.

Open house · Sunday, October 11, 2pm–4pm

Realtor's description

Experience executive living in prestigious Broadmoor with extensive $300,000 upgrades in 2022. This custom-built residence offers an impressive grand foyer with soaring ceilings, 7 bed, 8 bath, 3 kitchens, & a ballroom inspired high-ceiling great room. A/C has been installed on second floor in 2022. The ground floor features a separate suite with its own kitchen, ideal for extended family, guests, or added flexibility. A bright, spacious main kitchen & separate wok kitchen are perfect for everyday living & entertaining. Enjoy an expansive private backyard with water fountain, glass covered patio, rare two double garages (4 covered, 4 open), & excellent storage. Situated on a 10,810sf lot with 5,404sf of living space, this exceptional home offers impressive scale & versatility. Conveniently close to shopping, Steveston Hwy & Hwy 99. A truly special family home. Easy to show. Don't miss it! Open house Sun, Oct11th 2-4pm

Property details

Type: House, Single Family
Bedrooms: 7
Bathrooms: 8
Living area: 5,404 sq ft
Lot: 10,814 sq ft
Parking: 8
Year built: 1993
Property tax: $9,064 / yr
Days on market: 18
MLS®: R3167859

Features

Central location
Private setting
Gated community
All

Price check

Below typical for the area (-32%)

2026 assessment: $2,654,000 · asking is +5.0%
Price per sq ft: $516 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 18 days · no price changes so far

The market here

Listed now: 66 days; median for 618 houses for sale; this one 18 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$2,654,000	$9,391

The listing shows $9,064 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

$12,902/mo

Mortgage $12,147 · Tax $755

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

estimated payment

$12,147/ monthly

loan $2,230,400

25-year amortization

down payment20% · $557,60020%+ 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: $1,413,715
property transfer tax: $61,640; BC general rate
cash to close: $619,240; down + PTT
total paid: $3,644,115

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.

If you rented it out

Suite rent: $1,676/mo
Your cost after the suite: $11,535/mo; vs $13,077 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $12,147 · tax $755 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom (1-bedroom for the suite) in Richmond (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; 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

Location

Lot outline: 1,005 m² (10,818 sq ft) · PID 003-815-692. 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

Secondary Steveston-London Secondaryhomes in this catchment
900 m 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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