Property Type: Condo / ApartmentOwnership: Strata

114 7580 MINORU BOULEVARD

Richmond, BC V6Y1Z5

$598,800

2 bed2 bath1 parking1,160 sqftBuilt 1987
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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
$556/mo
Annual property tax
$2,059.95 (2025)

Interior

Heating
Baseboard heaters, Electric, Natural gas
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

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®
R3156781
Listed
August 18, 2026
Time on market
On the market for 13 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty Westmar · Data source: CREA DDF.

Description

CARMEL POINTE II. THIS IS A MUST SEE! Beautifully maintained 2 bdrm plus 3rd bdrm, solarium, flex room or office, 1.5-baths offering 1,160 sq. ft. of exceptional & comfortable living in Central Richmond. Featuring a spacious wrap-around deck (400sf+), in-suite laundry, fresh paint and neutral designer colours throughout... this home is move-in ready & QUICK POSSESSION is available. RECENT UPDATES include new pot lighting in the living room, plus additional lighting throughout, new blinds, quartz countertops, and a new stove and dishwasher (2025). BONUS- window replacement has been approved! Just minutes from SkyTrain, Richmond Secondary & Ferris Elementary schools. Steps to Minoru Community Centre and Richmond Shopping Centre... unbeatable! Call today! (id:63159)

Values & Trends

This listing

$516/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

26

5/9 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
Richmond SecondaryElementary439 m
General Currie ElementaryElementary455 m
W D Ferris ElementaryElementary565 m
St Paul School(Independent)Elementary716 m
R C Palmer SecondaryElementary934 m
Blundell ElementaryElementary1.0 km
Garden City ElementaryElementary1.1 km
William Cook ElementaryElementary1.2 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
Southbound No. 3 Rd @ Jones Rd208 m
Northbound No. 3 Rd @ Jones Rd216 m
Eastbound Blundell Rd @ Minoru Blvd241 m
Westbound Blundell Rd @ Minoru Blvd246 m
Westbound Blundell Rd @ No. 3 Rd271 m

Nearby Places

Restaurants (5+)

  • Pho Lan Beef Noodle Soup · 6950 Number 3 Road636 m
  • Bamboo Grove Restaurant · 6920 Number 3 Road654 m
  • Wing Kee Restaurant · 8260 Granville Avenue715 m
  • Golden Paramount Seafood Restaurant · 8111 Anderson Road733 m
  • Kumo Sukiyaki Restaurant · 9111 Anderson Road742 m

Cafes (4)

  • daydreamers by cafe 33 · 8060 Anderson Road683 m
  • Storeys Cafe · 8080 Anderson Road707 m
  • Cafe & Life Co. · 6833 Buswell Street750 m
  • Tea Origin · 6833 Buswell Street761 m

Grocery (1)

  • Blundell Market · 7791 Number 3 Road239 m

Parks (3)

  • General Currie Neighbourhood School Park417 m
  • Brighouse Park500 m
  • Ferris Neighbourhood School Park · 7520 Sunnymede Crescent554 m

Banks & ATMs (2)

  • TD · 7008 Number 3 Road588 m
  • BDC · 8100 Granville Avenue621 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,880) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,040.00
Periodic payment — Principal & Interest (monthly)$3,090.60
Additional monthly expenses (strata, tax, utilities, etc.)$786.02
Total monthly cost$3,876.63
Interest paid over 5-yr term$137,294.24
Balance at end of term$430,898.03

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,880
Stress test qualifying rate8.09%
Payment you must qualify for$4,336.35

Cash Needed at Closing

Minimum down payment$34,880
Estimated BC PTT$9,976
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,356

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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