Property Type: Detached HouseOwnership: Freehold

23071 WESTMINSTER HIGHWAY

Richmond, BC V6V1B9

$1,580,000

3 bed2 bath3 parking1,885 sqftBuilt 1947
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Property Details

Property & Lot

Sub-type
House
Lot size
10,129 square feet
Frontage
89.7 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,059.22 (2025)

Interior

Heating
Forced air
Fireplace
Yes (1)

Parking

Total spaces
3

Listing Information

MLS®
R3124040
Listed
May 15, 2026
Time on market
On the market for 109 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: LeHomes Realty Premier · Data source: CREA DDF.

Description

Opportunity to purchase a land assembly in Hamilton for redevelopment. The property is within the City of Richmond's Hamilton Area Plan and is designated for stacked townhouses with a density of 1.00 FAR. Call for more details. (id:63159)

Values & Trends

This listing

$838/sqft

Building average

No other active listings in this building

Richmond average

$808/sqft

621 active listing(s)

Parking: 3 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

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

19

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
Hamilton ElementaryElementary376 m
Queen Elizabeth ElementaryElementary1.9 km
Queensborough Middle SchoolElementary/Middle2.1 km
Choice School For Gifted Children(Independent)Elementary/Middle2.2 km
Connaught Heights ElementaryElementary2.8 km
Glenwood ElementaryElementary3.1 km
Taylor Park ElementaryElementary3.2 km
Byrne Creek Community SecondarySecondary3.5 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
Westbound Westminster Hwy @ Willett Ave61 m
Eastbound Westminster Hwy @ Willett Ave147 m
Westbound Westminster Hwy @ Fraserside Gate154 m
Eastbound Westminster Hwy @ Gilley Rd171 m
Westbound Westminster Hwy @ Smith Cres371 m

Nearby Places

Parks (4)

  • VLA Park · 23231 Willett Avenue260 m
  • Hamilton Community Park · 23280 Gilley Road442 m
  • Hamilton Highway Park532 m
  • McLean Neighbourhood Park · 22500 McLean Avenue749 m

Pharmacies (1)

  • Pharmasave · 23233 Gilley Road200 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($316,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,264,000.00
Periodic payment — Principal & Interest (monthly)$8,154.90
Additional monthly expenses (strata, tax, utilities, etc.)$432.27
Total monthly cost$8,587.17
Interest paid over 5-yr term$362,266.03
Balance at end of term$1,136,972.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$316,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,719.72

Cash Needed at Closing

Minimum down payment$316,000
Estimated BC PTT$29,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$347,100

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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