Property Type: TownhouseOwnership: Strata

112 7891 NO. 1 ROAD

Richmond, BC V7C1T7

$570,000

2 bed2 bath1 parking1,217 sqftBuilt 1977
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Amenities

Also listed: Recreation Centre

Property Details

Property & Lot

Sub-type
Row / Townhouse

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$724/mo
Annual property tax
$1,252.9 (2025)

Interior

Heating
Baseboard heaters
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Listing Information

MLS®
R3128261
Listed
May 26, 2026
Time on market
On the market for 97 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: LeHomes Realty Premier · Data source: CREA DDF.

Description

All measurements are approximate by Van 3D photo.com. Very affordable townhouse for 1st home buyers and small family. MID TOWN RICHMOND 2 level townhouse unit. Highly privacy, 150sqft patio, green belt around the master bedroom and living room. Well maintain unit. The clubhouse has gym, sauna, playground and party room. This unit paid a total Levy around $ 45,000.00 in 2024. New outside walls, rain-screen, windows, patios, railings. Piping 2017, Roof 2015. Like a new building, pets allowed in any breeds, size, and 100% rental allowed, storage locker #112 bigger size, parking 102, Strata fees include City utilities-water/sewer. ($100+ per month), $80+ in contingency funds, close to Elementary, Hugh Boyd Secondary, shopping & the scenic West Dyke.OPEN HOUSE JULY 25, SAT 3PM TO 5PM (id:63159)

Values & Trends

This listing

$468/sqft

Building average

No other active listings in this building

Richmond average

$758/sqft

349 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.

Townhouse Market Stats — Richmond

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

MLS® HPI Benchmark Price

$1,035,200

Jul 2026

Average Sale Price

$995,218

Jul 2026

Monthly Sales

70

Jul 2026

Active Listings

395

Jul 2026

Sales-to-Active Ratio

18.0%

Jul 2026

Median Days to Contract

24 days

Jul 2026

MLS® HPI Benchmark Price

$1,174,700
$939,500
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

30

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
Quilchena ElementaryElementary395 m
R M Grauer ElementaryElementary569 m
James Gilmore ElementaryElementary607 m
Hugh Boyd SecondaryElementary1.2 km
Alfred B Dixon ElementaryElementary1.3 km
Donald E McKay ElementaryElementary1.3 km
J.N. Burnett SecondarySecondary1.3 km
James Thompson ElementaryElementary1.5 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
Northbound No. 1 Rd @ Blundell Rd104 m
Southbound No. 1 Rd @ Blundell Rd114 m
Northbound No. 1 Rd @ Pacemore Ave277 m
Southbound No. 1 Rd @ Pacemore Ave328 m
Southbound No. 1 Rd @ Moresby Dr336 m

Nearby Places

Restaurants (1)

  • Takeya Sushi · 8671 Number 1 Road735 m

Cafes (1)

  • Starbucks701 m

Grocery (1)

  • Safeway · 8671 Number 1 Road707 m

Parks (4)

  • Unnamed370 m
  • Gilmore Neighbourhood School Park603 m
  • Grauer Neighbourhood School Park · 4440 Blundell Road606 m
  • Morris Neighbourhood Park723 m

Shopping (1)

  • Seafair Shopping Centre754 m

Pharmacies (1)

  • Shoppers Drug Mart · 8671 Number 1 Road770 m

Banks & ATMs (1)

  • Gulf & Fraser · 8900 Number 1 Road782 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.6% ($32,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$456,000.00
Periodic payment — Principal & Interest (monthly)$2,941.96
Additional monthly expenses (strata, tax, utilities, etc.)$889.66
Total monthly cost$3,831.62
Interest paid over 5-yr term$130,690.91
Balance at end of term$410,173.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$32,000
Stress test qualifying rate8.09%
Payment you must qualify for$4,137.03

Cash Needed at Closing

Minimum down payment$32,000
Estimated BC PTT$9,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$42,900

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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