Property Type: Condo / ApartmentOwnership: Strata

1408 7977 LANSDOWNE ROAD

Richmond, BC V6X0X7

$950,000

2 bed2 bath1 parking813 sqftBuilt 2025
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$680/mo
Annual property tax
$0 (2025)

Interior

Heating
Forced air
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View
Pool
Outdoor pool

Parking

Total spaces
1 — covered indicated
Features
Garage, Underground, Visitor Parking

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®
R3097050
Listed
March 6, 2026
Time on market
On the market for 178 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Sutton Group - Vancouver First Realty · Data source: CREA DDF.

Description

Welcome to Luxe! Presenting a beautiful corner unit 2 bedrooms 2 bathroom apartment at the Richmond Lansdowne Neighborhood. Bright & spacious layout overlooking water, mountains and city view! Gourmet with plenty of cabinet space. Large living and ding rooms with access to the wrap-around balcony. Spacious bedrooms and bathrooms. Enjoy the gorgeous sunset views. Large laundry room with lots of space. All year round comfort with central heating and cooling. Resort style amenities with an outdoor swimming pool, gym, party rooms and much more! (id:63159)

Values & Trends

This listing

$1,169/sqft

Building average

$974/sqft

3 active listing(s)

Richmond average

$801/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

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

59

8/9 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
Station StretchElementary251 m
Maple Hill School(Independent)Secondary1.1 km
William Cook ElementaryElementary1.2 km
Samuel Brighouse ElementaryElementary1.2 km
City Vancouver Academy(Independent)Secondary1.3 km
Richmond SecondaryElementary1.5 km
Henry Anderson ElementaryElementary1.6 km
General Currie ElementaryElementary1.8 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
Eastbound Lansdowne Rd @ No. 3 Rd49 m
Lansdowne Station @ Bay 186 m
Westbound Lansdowne Rd @ No. 3 Rd105 m
Lansdowne Station @ Platform 2111 m
Lansdowne Station @ Bay 3116 m

Nearby Places

Restaurants (5+)

  • Neptune Seafood Restaurant · 8171 Ackroyd Road190 m
  • Neptune Wonton Noodle · 8171 Ackroyd Road205 m
  • Myth Grill & Yakitori Bistro · 8111 Ackroyd Road227 m
  • House of Dawn Steakhouse + Bar · 8171 Ackroyd Road228 m
  • Piping Hot · 8111 Ackroyd Road259 m

Cafes (5+)

  • Starbucks · 8111 Ackroyd Road246 m
  • He Made Dessert · 5951 Number 3 Road348 m
  • Blenz Coffee · 8100 Ackroyd Road351 m
  • R Ki Coffee Lab373 m
  • Sun Tea · 8211 Ackroyd Road381 m

Grocery (5+)

  • Smart 'n Save382 m
  • Izumiya Japanese Marketplace · 7971 Alderbridge Way408 m
  • Happy Veggie World · 8291 Ackroyd Road409 m
  • PriceSmart Foods · 8200 Ackroyd Road449 m
  • 大統華 T&T Supermarket · 8311 Lansdowne Road485 m

Parks (2)

  • Lang (Saba/Buswell) Park · 8211 Saba Road649 m
  • Unnamed784 m

Shopping (5+)

  • Winners311 m
  • Winners343 m
  • London Plaza384 m
  • Lansdowne Centre408 m
  • Superstore Plaza · 4651 Number 3 Road577 m

Gyms (5+)

  • Hyperoo Boxing Gym218 m
  • F45 Training368 m
  • Raincity Boxing & Fitness392 m
  • Overdrive Athletic Club467 m
  • Yogamaze Wellness Studio566 m

Pharmacies (5+)

  • ChemMart Pharmacy · 8171 Ackroyd Road351 m
  • London Drugs · 5971 Number 3 Road386 m
  • Ackroyd Pharmacy · 8100 Ackroyd Road402 m
  • Simples Drugs436 m
  • Minoru Pharmacy · 7380 Westminster Highway544 m

Banks & ATMs (5+)

  • National Bank · 5811 Number 3 Road217 m
  • CTBC Bank · 5911 Number 3 Road274 m
  • RBC321 m
  • TD344 m
  • National Bank385 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($70,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$760,000.00
Periodic payment — Principal & Interest (monthly)$4,903.26
Additional monthly expenses (strata, tax, utilities, etc.)$720.69
Total monthly cost$5,623.95
Interest paid over 5-yr term$217,818.18
Balance at end of term$683,622.46

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$70,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,766.89

Cash Needed at Closing

Minimum down payment$70,000
Estimated BC PTT$17,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$88,500

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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