Property Type: Condo / ApartmentOwnership: StrataRECENTLY LISTED

111 8700 WESTMINSTER HIGHWAY

Richmond, BC V6X1A8

$368,000

1 bed1 bath1 parking697 sqftBuilt 1989
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$408/mo
Annual property tax
$1,392.48 (2025)

Interior

Heating
Baseboard heaters, Electric, Natural gas
Fireplace
Yes (1)

Parking

Total spaces
1

Restrictions & Policies

Pets
Not allowed

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

Listing Information

MLS®
R3158885
Listed
August 26, 2026
Time on market
On the market for 6 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.

Description

New renovated!! Bright, spacious and tastefully update home will not disappoint! This large 1 bed & 1 bath, almost 700 sqft Patio floor unit offers a large partially covered patio, open concept layout, lots of storage space and many updates. Enjoy year-round BBQing from the West exposure, courtyard facing patio. Updates include: Brand new paint, laminate flooring in living room, dining room & masterbed, tiled foyer, kitchen & bathroom. The large masterbedroom is big enough for king size furniture. Centrally located to 2 malls, transit, Skytrain, recreation, schools and every amenity one could want. If you are looking for a 1 bed home, this is it. Act Now! (id:63159)

Values & Trends

This listing

$528/sqft

Building average

No other active listings in this building

Richmond average

$802/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

17°C

Clear

Humidity 100%

Wind WNW 13 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

41

7/9 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
William Cook ElementaryElementary488 m
Henry Anderson ElementaryElementary676 m
A.R. MacNeill SecondarySecondary930 m
Station StretchElementary1.2 km
General Currie ElementaryElementary1.3 km
City Vancouver Academy(Independent)Secondary1.5 km
Richmond SecondaryElementary1.5 km
Tomsett ElementaryElementary1.7 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 Westminster Hwy @ Garden City Rd72 m
Southbound Garden City Rd @ Westminster Hwy123 m
Northbound Garden City Rd @ Ferndale Rd159 m
Northbound Garden City Rd @ Westminster Hwy171 m
Southbound Garden City Rd @ Ferndale Rd201 m

Nearby Places

Restaurants (5+)

  • Pizza Hut · 8340 Westminster Highway390 m
  • Kingspark Steak House · 8291 Westminster Highway438 m
  • Chuan BBQ Restaurant · 8291 Westminster Highway442 m
  • Dao Field Noodle House · 8291 Westminster Highway444 m
  • Beijing Hot Pot · 8251 Westminster Highway479 m

Cafes (5+)

  • Minute Cafe · 8271 Westminster Highway460 m
  • Mango Yummy · 8271 Westminster Highway462 m
  • Peanut's Bubble Tea · 8260 Westminster Highway488 m
  • Matcha Cafe Maiko · 8279 Saba Road490 m
  • Mr. Mango · 8260 Westminster Highway498 m

Grocery (5+)

  • Lee Men Grocery · 8260 Westminster Highway482 m
  • Grand Value Asian Supermarket · 8251 Westminster Highway500 m
  • Freshnote Market · 8211 Westminster Highway514 m
  • PriceSmart Foods · 8200 Ackroyd Road529 m
  • Happy Veggie World · 8291 Ackroyd Road550 m

Parks (5+)

  • Katsura Neighbourhood Park439 m
  • Lang (Saba/Buswell) Park · 8211 Saba Road513 m
  • Cook Neighbourhood School Park530 m
  • Unnamed660 m
  • Garden City Lands · 5555 No. 4 Road679 m

Shopping (1)

  • Lansdowne Centre780 m

Pharmacies (5+)

  • MJ's Pharmacy518 m
  • Ackroyd Pharmacy · 8100 Ackroyd Road611 m
  • ChemMart Pharmacy · 8171 Ackroyd Road617 m
  • McCue Pharmacy · 8120 Cook Road739 m
  • Chemmart Pharmacy · 6633 Buswell Street745 m

Banks & ATMs (5+)

  • RBC649 m
  • BOC · 115-8060 Westminster Highway676 m
  • Vancity697 m
  • BMO · 6088 Number 3 Road705 m
  • RBC · 6168 Number 3 Road725 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,400) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$294,400.00
Periodic payment — Principal & Interest (monthly)$1,899.37
Additional monthly expenses (strata, tax, utilities, etc.)$558.81
Total monthly cost$2,458.18
Interest paid over 5-yr term$84,375.89
Balance at end of term$264,813.75

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,400
Stress test qualifying rate8.09%
Payment you must qualify for$2,688.30

Cash Needed at Closing

Minimum down payment$18,400
Estimated BC PTT$5,360
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,260

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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