Property Type: Detached HouseOwnership: Freehold

12620 NO. 3 ROAD

Richmond, BC V7A1X5

$4,480,000

3 bed2 bath10 parking1,967 sqftBuilt 1918
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Property Details

Property & Lot

Sub-type
House
Lot size
10.15 acres
Frontage
333 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$13,415 (2025)

Interior

Heating
Natural gas
Fireplace
Yes (1)

Parking

Total spaces
10

Listing Information

MLS®
R3093959
Listed
February 26, 2026
Time on market
On the market for 186 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Lions Gate Realty Ltd. · Data source: CREA DDF.

Description

Minutes to downtown Richmond. Over 10 acres of farmland located on prestigious No. 3 Road. Don't miss the opportunity to build your dream home and enjoy country living with city conveniences. (id:63159)

Values & Trends

This listing

$2,278/sqft

Building average

No other active listings in this building

Richmond average

$806/sqft

621 active listing(s)

Parking: 10 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.

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

$2,225,800
$1,911,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Mainly Clear

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.

Nearby Schools

SchoolTypeDistance
Ark Elementary Montessori Reggio School(Independent)Elementary976 m
Mia Montessori Academy(Independent)Elementary1.6 km
William Bridge ElementaryElementary1.7 km
Maple Lane ElementaryElementary1.9 km
Hugh McRoberts SecondarySecondary2.1 km
James Whiteside ElementaryElementary2.3 km
Westwind ElementaryElementary2.3 km
Tomekichi Homma ElementaryElementary2.3 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

No TransLink stops within an ~10-minute walk.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($896,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,584,000.00
Periodic payment — Principal & Interest (monthly)$23,122.75
Additional monthly expenses (strata, tax, utilities, etc.)$1,215.92
Total monthly cost$24,338.67
Interest paid over 5-yr term$1,027,184.70
Balance at end of term$3,223,819.59

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$896,000
Stress test qualifying rate8.09%
Payment you must qualify for$27,559.71

Cash Needed at Closing

Minimum down payment$896,000
Estimated BC PTT$142,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,039,500

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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