Property Type: Condo / ApartmentOwnership: Strata

1008 5580 NO. 3 ROAD

Richmond, BC V6X0R8

$509,000

1 bed1 bath1 parking470 sqftBuilt 2018
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$355/mo
Annual property tax
$1,651.16 (2025)

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3103011
Listed
March 24, 2026
Time on market
On the market for 160 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Youlive Realty · Data source: CREA DDF.

Description

Welcome to ORCHID by Beedie Living. Discover this charming and well-maintained one bedroom unit located at the heart of Central Richmond. Enjoy a comfortable lifestyle in a great neighborhood with everything you need just minutes away. Walking distance to Lansdowne Mall, Skytrain Station, restaurants, banks and more. Beautiful designed interior with central AC. Amenities include club house, gym, lounge, garden with playground and BBQ area. 1 parking & 1 locker included. MUST SEE !!! (id:63159)

Values & Trends

This listing

$1,083/sqft

Building average

$918/sqft

2 active listing(s)

Richmond average

$801/sqft

869 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Apartment Market Stats — Richmond

Monthly figures from the Fraser Valley Real Estate Board for Richmond apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$639,700

Jul 2026

Average Sale Price

$604,327

Jul 2026

Monthly Sales

92

Jul 2026

Active Listings

956

Jul 2026

Sales-to-Active Ratio

10.0%

Jul 2026

Median Days to Contract

38 days

Jul 2026

MLS® HPI Benchmark Price

$762,600
$625,400
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

15°C

Clear

Humidity 100%

Wind NW 5 km/h

Tonight

14°

Tuesday

21°

Tuesday night

16°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

209,937

(2021 Census)

+5.9% since 2016

Density: 1,629.1/km²

Dwellings: 85,035

Median household income: $79,000

After-tax: $71,000

Immigrant population: 60.3%

Top countries of origin (% of total population)

  • China22.1% · 46,490
  • Hong Kong11.6% · 24,340
  • Philippines6.5% · 13,570
  • Taiwan3.7% · 7,745
  • India2.6% · 5,380
  • United Kingdom1.1% · 2,210
  • United States of America0.8% · 1,600
  • Viet Nam0.7% · 1,510

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

74

8/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Station StretchElementary449 m
William Cook ElementaryElementary1.0 km
Maple Hill School(Independent)Secondary1.2 km
City Vancouver Academy(Independent)Secondary1.3 km
Samuel Brighouse ElementaryElementary1.3 km
Richmond SecondaryElementary1.4 km
Henry Anderson ElementaryElementary1.4 km
General Currie ElementaryElementary1.6 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Westbound Lansdowne Rd @ No. 3 Rd105 m
Lansdowne Station @ Bay 4118 m
Northbound No. 3 Rd @ Ackroyd Rd134 m
Lansdowne Station @ Bay 1153 m
Eastbound Lansdowne Rd @ No. 3 Rd175 m

Nearby Places

Restaurants (5+)

  • House of Dawn Steakhouse + Bar · 8171 Ackroyd Road61 m
  • Neptune Wonton Noodle · 8171 Ackroyd Road76 m
  • Neptune Seafood Restaurant · 8171 Ackroyd Road80 m
  • Myth Grill & Yakitori Bistro · 8111 Ackroyd Road110 m
  • Piping Hot · 8111 Ackroyd Road124 m

Cafes (5+)

  • Starbucks · 8111 Ackroyd Road128 m
  • Sun Tea · 8211 Ackroyd Road180 m
  • R Ki Coffee Lab193 m
  • Blenz Coffee · 8100 Ackroyd Road227 m
  • Myth Dessert & Patisserie · 8100 Ackroyd Road232 m

Grocery (5+)

  • Happy Veggie World · 8291 Ackroyd Road205 m
  • PriceSmart Foods · 8200 Ackroyd Road256 m
  • Smart 'n Save272 m
  • Grand Value Asian Supermarket · 8251 Westminster Highway325 m
  • Freshnote Market · 8211 Westminster Highway340 m

Parks (1)

  • Lang (Saba/Buswell) Park · 8211 Saba Road486 m

Shopping (5+)

  • Winners290 m
  • Winners309 m
  • Lansdowne Centre323 m
  • London Plaza328 m
  • CF Richmond Centre · 6551 Number 3 Road706 m

Gyms (5+)

  • Hyperoo Boxing Gym418 m
  • F45 Training536 m
  • Raincity Boxing & Fitness539 m
  • Overdrive Athletic Club608 m
  • Yogamaze Wellness Studio649 m

Pharmacies (5+)

  • ChemMart Pharmacy · 8171 Ackroyd Road157 m
  • Ackroyd Pharmacy · 8100 Ackroyd Road233 m
  • London Drugs · 5971 Number 3 Road316 m
  • Simples Drugs364 m
  • MJ's Pharmacy402 m

Banks & ATMs (5+)

  • RBC132 m
  • National Bank · 5811 Number 3 Road169 m
  • CTBC Bank · 5911 Number 3 Road209 m
  • TD231 m
  • Vancity313 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.1% ($25,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$407,200.00
Periodic payment — Principal & Interest (monthly)$2,627.12
Additional monthly expenses (strata, tax, utilities, etc.)$516.67
Total monthly cost$3,143.78
Interest paid over 5-yr term$116,704.69
Balance at end of term$366,277.72

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$25,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,714.87

Cash Needed at Closing

Minimum down payment$25,900
Estimated BC PTT$8,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$35,580

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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