Property Type: Condo / ApartmentOwnership: Leasehold / Strata

203 7220 LINDSAY ROAD

Richmond, BC V7C3M6

$175,000

1 bed1 bath1 parking665 sqftBuilt 1974
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Amenities

Also listed: Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Leasehold / Strata
Strata / maintenance fee
$631/mo
Annual property tax
$0

Interior

Heating
Baseboard heaters, Hot Water
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

Restrictions & Policies

Pets
Not allowed
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®
R3155033
Listed
August 12, 2026
Time on market
On the market for 20 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Northwest · Data source: CREA DDF.

Description

Affordable living in popular Sussex Square! This bright and spacious 1-bed 1-bath leasehold home features a functional layout, large windows, and a east-facing balcony overlooking the green space at McKay Elementary. Very well maintained building with updates including exterior wall, plumbing, piping, windows, doors and balcony. The all-inclusive maintenance fee covers heat, hot water, management and property taxes, and the prepaid land lease runs until December 2087. The shared laundry room is conveniently located beside the unit, and rentals are permitted - an excellent opportunity for both homebuyers and investors. Walking distance to transit, Mckay Elementary, Burnett Secondary school, Thompson Community Centre and Railway trail. A must-see! (id:63159)

Values & Trends

This listing

$263/sqft

Building average

$318/sqft

1 active listing(s)

Richmond average

$802/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

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

15

2/9 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 ElementaryElementary162 m
J.N. Burnett SecondarySecondary426 m
Archibald Blair ElementaryElementary507 m
R M Grauer ElementaryElementary907 m
des NavigateursElementary1.1 km
James Thompson ElementaryElementary1.3 km
Blundell ElementaryElementary1.3 km
Samuel Brighouse 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 @ Railway Ave210 m
Westbound Granville Ave @ Lynas Lane235 m
Eastbound Granville Ave @ Lynas Lane240 m
Northbound Railway Ave @ Linfield Gate269 m
Southbound Railway Ave @ Granville Ave302 m

Nearby Places

Restaurants (1)

  • Sushi Lovers634 m

Parks (5+)

  • McKay Park117 m
  • Thompson/Burnett Community Park · 5151 Granville Avenue313 m
  • Railway Granville Bike Park332 m
  • Morris Neighbourhood Park701 m
  • Garnet Tot Lot · 5271 Turquoise Drive778 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Other Listings in This Building

Other units currently listed in the same building. 203 7220 LINDSAY ROAD

View building profile →
Built 1975

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($8,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$140,000.00
Periodic payment — Principal & Interest (monthly)$903.23
Additional monthly expenses (strata, tax, utilities, etc.)$664.14
Total monthly cost$1,567.37
Interest paid over 5-yr term$40,124.40
Balance at end of term$125,930.45

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$8,750
Stress test qualifying rate8.09%
Payment you must qualify for$1,278.40

Cash Needed at Closing

Minimum down payment$8,750
Estimated BC PTT$1,750
Legal / closing costs (typical estimate)$1,500
Total cash needed$12,000

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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