Property Type: TownhouseOwnership: StrataNEW LISTING

116 11491 7TH AVENUE

Richmond, BC V7E4J5

$1,080,000

3 bed3 bath2 parking1,560 sqftBuilt 1978
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Row / Townhouse
Style
2 Level

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$561/mo
Annual property tax
$2,881.67 (2024)

Interior

Heating
Forced air, Natural gas
Fireplace
None
Appliances
All

Exterior & Lot

Pool
Indoor pool
Lot features
Central location, Treed

Building

Parcel ID (PID)
001-780-930

Parking

Total spaces
2 — covered indicated
Features
Carport

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®
R3160101
Listed
August 31, 2026
Time on market
Listed today
Tax assessment year
2024
Data last synced
September 1, 2026

Listing provided by: Pacific Evergreen Realty Ltd. · Data source: CREA DDF.

Description

Perfect Family Home in Steveston! Renovated 3-bed+Den/3-bath CORNER-unit, 2-level townhome overlooking the park in highly desirable oceanfront Mariners Village. Private corner surrounded by greenery with a bright living area. Extensively updated with GAS range & upgraded high-end appliances, modernized kitchen, and all bathrooms fully renovated. The reconfigured main floor layout creates a more open and airy living space. Enjoy private front & back patios, including a beautifully redesigned backyard with a gazebo and custom lighted water feature. Amenities: indoor pool & hot tub, clubhouse, lush green space, onsite manager. Steps to dyke trails, Steveston Village, and schools (Lord Byng & McMath) . Private carport at your door + extra parking on-site. This is Steveston living at its best! (id:63159)

Values & Trends

This listing

$692/sqft

Building average

$670/sqft

1 active listing(s)

Richmond average

$757/sqft

349 active listing(s)

Parking: 2 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

Mostly Cloudy

18°C

Mostly Cloudy

Humidity 93%

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

33

6/9 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
Lord Byng ElementaryElementary821 m
Robert A. McMath SecondarySecondary1.1 km
Manoah Steves ElementaryElementary1.3 km
John G Diefenbaker ElementaryElementary1.6 km
Alfred B Dixon ElementaryElementary1.8 km
Tomekichi Homma ElementaryElementary2.0 km
St Joseph the Worker(Independent)Elementary2.1 km
Hugh Boyd SecondaryElementary2.1 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 7th Ave @ Garry St176 m
Northbound 7th Ave @ Richmond St186 m
Northbound 7th Ave @ Chatham St284 m
Eastbound Chatham St @ 7th Ave351 m
Southbound 7th Ave @ Regent St371 m

Nearby Places

Restaurants (5+)

  • Mega Sushi355 m
  • Little Mexico Cantina · 3131 Chatham Street363 m
  • Anar · 12051 3rd Avenue676 m
  • Steveston Pizza Co. · 3400 Moncton Street753 m
  • Kisamos Greek Taverna · 3420 Moncton Street772 m

Cafes (1)

  • Steveston Coffee Co.784 m

Grocery (1)

  • Save-On-Foods · 12088 3rd Avenue712 m

Parks (4)

  • Mariner's Village Neighbourhood Park183 m
  • Richmond Street Neighbourhood Park241 m
  • Garry Point Park382 m
  • 5th Avenue Park414 m

Pharmacies (1)

  • Save-On-Foods Pharmacy · 12088 3rd Avenue767 m

Banks & ATMs (1)

  • Scotiabank · 12088 3rd Avenue741 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Other Listings in This Building

Other units currently listed in the same building. 116 11491 7TH AVENUE

View building profile →
Built 1978

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($83,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$864,000.00
Periodic payment — Principal & Interest (monthly)$5,574.23
Additional monthly expenses (strata, tax, utilities, etc.)$878.97
Total monthly cost$6,453.20
Interest paid over 5-yr term$247,624.88
Balance at end of term$777,170.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$83,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,666.58

Cash Needed at Closing

Minimum down payment$83,000
Estimated BC PTT$19,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$104,100

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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