Property Type: TownhouseOwnership: Strata

22 5988 LANCING RD

Richmond, BC V7C3A8

$1,280,000

4 bed3 bath2 parking1,581 sqftBuilt 2005
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Frontage
0 feet

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$390/mo
Annual property tax
$3,679.18 (2025)

Interior

Basement
Finished, Unknown, Unknown
Heating
Baseboard heaters
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Garage

Restrictions & Policies

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®
R3156595
Listed
August 18, 2026
Time on market
On the market for 14 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Nu Stream Realty Inc. · Data source: CREA DDF.

Description

Owner renovated the whole townhouse in 2022 after they bought . Well maintained by owners till now. 3 bedrooms above with 1 on the 1st floor. Attached private garage with 1 parking & ample room for storage and 1 carport parking. Near elementary school and secondary school. Walking distance to Blundell shopping center.TD bank , BMO bank , many restaurants , McDonald's , and shopping center . (id:63159)

Values & Trends

This listing

$810/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

56

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 ElementaryElementary520 m
Blundell ElementaryElementary630 m
des NavigateursElementary665 m
J.N. Burnett SecondarySecondary1.1 km
Archibald Blair ElementaryElementary1.1 km
R M Grauer ElementaryElementary1.1 km
W D Ferris ElementaryElementary1.1 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 Blundell Rd @ No. 2 Rd135 m
Westbound Blundell Rd @ Cheviot Place219 m
Northbound No. 2 Rd @ Blundell Rd225 m
Eastbound Blundell Rd @ Cheviot Place293 m
Southbound No. 2 Rd @ Blundell Rd308 m

Nearby Places

Restaurants (5+)

  • LA Grill and Bistro194 m
  • Sushi Han · 8180 Number 2 Road327 m
  • Uno Beef Noodle330 m
  • Bamboo Express · Number 2 Road333 m
  • Otaru Japanese Kitchen347 m

Cafes (3)

  • Polar Bear Sweet House · 6060 Blundell Road200 m
  • Starbucks208 m
  • CoCo Fresh Tea & Juice220 m

Grocery (1)

  • FreshCo · 6140 Blundell Road220 m

Parks (4)

  • Garatt Park422 m
  • McKay Park560 m
  • Blundell Park · 6480 Blundell Road576 m
  • Kilgour Neighbourhood School Park688 m

Pharmacies (1)

  • Shoppers Drug Mart352 m

Banks & ATMs (3)

  • Vancity · 6020 Blundell Road149 m
  • TD233 m
  • BMO · 8180 Number 2 Road320 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($103,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,024,000.00
Periodic payment — Principal & Interest (monthly)$6,606.50
Additional monthly expenses (strata, tax, utilities, etc.)$776.03
Total monthly cost$7,382.53
Interest paid over 5-yr term$293,481.34
Balance at end of term$921,091.31

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$103,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,050.72

Cash Needed at Closing

Minimum down payment$103,000
Estimated BC PTT$23,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$128,100

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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