Property Type: Condo / ApartmentOwnership: Strata

105 7117 ELMBRIDGE WAY

Richmond, BC V6X0J2

$798,000

2 bed2 bath1 parking930 sqftBuilt 2013
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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
$520/mo
Annual property tax
$3,743.78 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed

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

Listing Information

MLS®
R3132591
Listed
June 5, 2026
Time on market
On the market for 88 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Richmond Central Location! Live & work two-bedroom unit on the ground floor with a private entrance. The best chance to open your own business, or rent it in this high-traffic area. The property could be used as an office, commercial education, personal service, health service, or an artist's studio. (id:63159)

Values & Trends

This listing

$858/sqft

Building average

No other active listings in this building

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

67

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 StretchElementary501 m
Samuel Brighouse ElementaryElementary750 m
Richmond SecondaryElementary1.2 km
William Cook ElementaryElementary1.4 km
Maple Hill School(Independent)Secondary1.5 km
General Currie ElementaryElementary1.7 km
Archibald Blair ElementaryElementary1.8 km
City Vancouver Academy(Independent)Secondary1.8 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 Elmbridge Way @ Alderbridge Way22 m
Northbound Gilbert Rd @ Elmbridge Way154 m
Eastbound Lansdowne Rd @ Cedarbridge Way196 m
Southbound Gilbert Rd @ Elmbridge Way200 m
Westbound Elmbridge Way @ Minoru Blvd223 m

Nearby Places

Restaurants (5+)

  • Dinesty Dumpling House · 5555 Gilbert Road191 m
  • Co'm Vietnamese · 7688 Alderbridge Way211 m
  • Free Bird Table & Bar · 5991 Alderbridge Way219 m
  • Sing Cafe Fusion Style · 7488 Lansdowne Road223 m
  • Harold's · 7551 Westminster Highway231 m

Cafes (5+)

  • Lattea · 5555 Gilbert Road194 m
  • Penguin Bros. · 7488 Lansdowne Road240 m
  • Big Rock Café265 m
  • CoCo Fresh Tea & Juice · 6699 River Road429 m
  • He Made Dessert · 5951 Number 3 Road560 m

Grocery (1)

  • Izumiya Japanese Marketplace · 7971 Alderbridge Way759 m

Parks (5+)

  • Unnamed352 m
  • Unnamed565 m
  • Unnamed569 m
  • Minoru Park669 m
  • Oval Riverside Plaza696 m

Shopping (2)

  • London Plaza518 m
  • CF Richmond Centre · 6551 Number 3 Road711 m

Gyms (5+)

  • Overdrive Athletic Club54 m
  • Raincity Boxing & Fitness129 m
  • Rumble Boxing Studio170 m
  • F45 Training175 m
  • Fitness World · 7468 Lansdowne Road251 m

Pharmacies (5+)

  • Shoppers Drug Mart191 m
  • Minoru Pharmacy · 7380 Westminster Highway314 m
  • Medicine Centre426 m
  • Oval Integrative Pharmacy521 m
  • London Drugs · 5971 Number 3 Road541 m

Banks & ATMs (5+)

  • TD · 140-7488 Lansdowne Road204 m
  • BMO · 165-6971 Elmbridge Way300 m
  • Scotiabank · 6688 River Road395 m
  • Gulf & Fraser497 m
  • National Bank · 5811 Number 3 Road525 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$638,400.00
Periodic payment — Principal & Interest (monthly)$4,118.74
Additional monthly expenses (strata, tax, utilities, etc.)$879.20
Total monthly cost$4,997.94
Interest paid over 5-yr term$182,967.28
Balance at end of term$574,242.86

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,800
Stress test qualifying rate8.09%
Payment you must qualify for$5,714.95

Cash Needed at Closing

Minimum down payment$54,800
Estimated BC PTT$13,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,260

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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