Property Type: Land / LotOwnership: Freehold

12371 GARDEN CITY ROAD

Richmond, BC V7A1X2

$3,000,000

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Property Details

Property & Lot

Lot size
18.15 acres
Frontage
606 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,259.42 (2025)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R3080366
Listed
January 22, 2026
Time on market
On the market for 222 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: B.C. Farm & Ranch Realty Corp. · Data source: CREA DDF.

Description

Investor/Farmer/Dream Estate Opportunity! Unique 18.15 acres in prime Richmond, neighboring Richmond Golf & Tennis Country Club. Set back from Finn Road with legal access via Garden City Road. Minutes to Steveston Village, scenic dyke trails, and golf courses. Off Steveston Hwy with easy access to Hwy 99, Vancouver, and YVR. 600 FT wide. AG1 zoning allows dream home, farming operations, greenhouses, or animal boarding/grooming. Premium soil ideal for farming. Buyer to permitted confirm uses. Can be sold with 18.07 acres in front (8951 Finn Rd). BC ASSESSMENT - $3,935,000. Boundary lot line realignment POTENTIAL - both properties access off Finn? (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Richmond average

$1,493/sqft

5 active listing(s)

Parking: Not indicatedStorage 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.

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.

Nearby Schools

SchoolTypeDistance
Ark Elementary Montessori Reggio School(Independent)Elementary1.0 km
William Bridge ElementaryElementary1.4 km
Hugh McRoberts SecondarySecondary1.6 km
James Whiteside ElementaryElementary1.7 km
Maple Lane ElementaryElementary1.9 km
Thomas Kidd ElementaryElementary2.1 km
Matthew McNair SecondaryElementary2.2 km
John T Errington ElementaryElementary2.4 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

No TransLink stops within an ~10-minute walk.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($600,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,400,000.00
Periodic payment — Principal & Interest (monthly)$15,483.99
Additional monthly expenses (strata, tax, utilities, etc.)$104.95
Total monthly cost$15,588.94
Interest paid over 5-yr term$687,846.90
Balance at end of term$2,158,807.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$600,000
Stress test qualifying rate8.09%
Payment you must qualify for$18,455.16

Cash Needed at Closing

Minimum down payment$600,000
Estimated BC PTT$68,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$669,500

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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