1240 LANCASTER CRESCENT
Richmond, BC V7B1C5
$2,280,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 6,500 square feet
- Frontage
- 52 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,316.82 (2025)
Interior
- Heating
- Radiant heat, Natural gas, Hot Water
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (2)
Parking
- Total spaces
- 5 — covered indicated
- Features
- Garage
Listing Information
- MLS®
- R3122091
- Listed
- May 11, 2026
- Time on market
- On the market for 112 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Macdonald Realty Westmar · Data source: CREA DDF.
Description
BRAND NEW Modern and Contemporary custom built home located in the friendly and convenient neighborhood Sea Island. Enjoy quick access to Vancouver, Richmond, Airport, Shopping centers, Canada Line and etc. This beautiful home features an open concept design with spacious living, dining and kitchen areas. The main kitchen boasts a large island, ample cabinetry and high end appliances. Comfortable family room offers expansive windows and folding glass doors that fill the space with natural lights. Upstairs includes a large primary bedroom with a deep walk in closet, plus 3 bedrooms with their own ensuite as well. A spacious, fully equipped, separate legal suite provides an excellent mortgage helper. Steps to basketball, tennis & children play areas. Bring your buyers today! (id:63159)
Values & Trends
This listing
$708/sqft
Building average
—
No other active listings in this building
Richmond average
$808/sqft
621 active listing(s)
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.
Detached (House) Market Stats — Richmond
Monthly figures from the Fraser Valley Real Estate Board for Richmond detached (house)listings — not specific to this property.
MLS® HPI Benchmark Price
$1,911,700
Jul 2026
Average Sale Price
$1,917,898
Jul 2026
Monthly Sales
63
Jul 2026
Active Listings
612
Jul 2026
Sales-to-Active Ratio
10.0%
Jul 2026
Median Days to Contract
27 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
15°C
Mainly Clear
Humidity 100%
Wind ESE 13 km/h
Today
21°
Tonight
16°
Wednesday
19°
Wednesday night
14°
Thursday
18°
Thursday night
13°
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
22
4/9 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
| School | Type | Distance |
|---|---|---|
| Maple Hill School(Independent) | Secondary | 807 m |
| Station Stretch | Elementary | 1.4 km |
| City Vancouver Academy(Independent) | Secondary | 1.5 km |
| St Anthony of Padua(Independent) | Elementary | 2.0 km |
| R. C. Talmey Elementary | Elementary | 2.0 km |
| Vancouver Montessori School(Independent) | Elementary | 2.2 km |
| Tomsett Elementary | Elementary | 2.2 km |
| Samuel Brighouse Elementary | Elementary | 2.3 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
| Stop | Type | Distance |
|---|---|---|
| Northbound Cessna Dr @ Hudson Ave | — | 209 m |
| Northbound Cessna Dr @ 3800 Block | — | 211 m |
| Southbound Cessna Dr @ Miller Rd | — | 491 m |
| Northbound Russ Baker Way @ Miller Rd | — | 521 m |
| Eastbound Miller Rd @ Russ Baker Way | — | 562 m |
Nearby Places
Restaurants (2)
- The Deck Kitchen + Bar · 3500 Cessna Drive555 m
- Tin Tin Seafood Harbour · 3711 Number 3 Road721 m
Cafes (1)
- Tim Hortons · 4151 Number 3 Road751 m
Parks (5+)
- Burkeville Neighbourhood Park105 m
- Unnamed402 m
- Sea Island Community Centre Park453 m
- Larry Berg Flight Path Park · Russ Baker Way495 m
- Templeton Grass Field571 m
Banks & ATMs (2)
- BMO782 m
- Instacoin ATM797 m
Nearby places data: © OpenStreetMap contributors.
School district: Richmond (SD38)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($456,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.