Property Type: TownhouseOwnership: Strata

2 7231 NO. 2 ROAD

Richmond, BC V7C3L7

$1,038,000

3 bed3 bath2 parking1,312 sqftBuilt 2009
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Row / Townhouse

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$397/mo
Annual property tax
$3,615.31 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
2

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®
R3133904
Listed
June 9, 2026
Time on market
On the market for 83 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Westcoast · Data source: CREA DDF.

Description

Orchid Lane in central Richmond, a highly sought-after community perfect for growing families. This well-maintained townhouse offers a functional layout with 3 bedrooms, 2.5 bathrooms, front and rear decks, a double tandem garage, and an additional storage room. Quality finishes include stainless steel appliances, laminate flooring, tile backsplash, granite countertops, and crown mouldings throughout. Enjoy abundant natural light and comfortable family living. Conveniently located just steps from McKay Elementary and Burnett Secondary, and within walking distance to public transit and Blundell Shopping Centre, featuring banks, grocery stores, coffee shops, and restaurants. An excellent opportunity in a prime location-call today to book your private showing. (id:63159)

Values & Trends

This listing

$791/sqft

Building average

No other active listings in this building

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

Clear

17°C

Clear

Humidity 100%

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

26

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
Donald E McKay ElementaryElementary420 m
Archibald Blair ElementaryElementary755 m
J.N. Burnett SecondarySecondary824 m
Blundell ElementaryElementary901 m
Samuel Brighouse ElementaryElementary973 m
des NavigateursElementary1.1 km
Richmond SecondaryElementary1.3 km
R M Grauer ElementaryElementary1.3 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

StopTypeDistance
Eastbound Granville Ave @ No. 2 Rd268 m
Westbound Granville Ave @ No. 2 Rd287 m
Eastbound Granville Ave @ Ledway Rd307 m
Westbound Granville Ave @ Ledway Rd328 m
Eastbound Granville Ave @ Lynas Lane457 m

Nearby Places

Restaurants (5+)

  • LA Grill and Bistro596 m
  • Uno Beef Noodle708 m
  • Sushi Han · 8180 Number 2 Road732 m
  • Bamboo Express · Number 2 Road734 m
  • Otaru Japanese Kitchen741 m

Cafes (3)

  • Polar Bear Sweet House · 6060 Blundell Road598 m
  • Starbucks613 m
  • CoCo Fresh Tea & Juice626 m

Grocery (1)

  • FreshCo · 6140 Blundell Road604 m

Parks (3)

  • McKay Park424 m
  • Garatt Park469 m
  • Thompson/Burnett Community Park · 5151 Granville Avenue629 m

Pharmacies (1)

  • Shoppers Drug Mart738 m

Banks & ATMs (3)

  • Vancity · 6020 Blundell Road552 m
  • TD640 m
  • BMO · 8180 Number 2 Road729 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 7.6% ($78,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$830,400.00
Periodic payment — Principal & Interest (monthly)$5,357.46
Additional monthly expenses (strata, tax, utilities, etc.)$764.38
Total monthly cost$6,121.83
Interest paid over 5-yr term$237,995.03
Balance at end of term$746,947.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$78,800
Stress test qualifying rate8.09%
Payment you must qualify for$7,375.91

Cash Needed at Closing

Minimum down payment$78,800
Estimated BC PTT$18,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$99,060

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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