Property Type: Condo / ApartmentOwnership: Strata

304 5500 LYNAS LANE

Richmond, BC V7C5R5

$549,000

2 bed2 bath2 parking809 sqftBuilt 1996
Get Directions

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$545/mo
Annual property tax
$2,056.76 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
2 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3148883
Listed
July 22, 2026
Time on market
On the market for 40 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Bright, refined, and exceptionally well laid out, this 2 bed, 2 bath home at The Hamptons offers effortless living in a quiet, sought-after pocket near Dover Park. The well-appointed floor plan separates the bedrooms for privacy, while the open-concept living and dining area is flooded with natural light through oversized windows. Step outside to two west-facing covered patios with dyke water views-perfect for year-round indoor-outdoor living and evening sunsets. The spacious primary easily fits a king with generous closet space, while the second bedroom is ideal for guests, kids, or a home office. Features include a large pantry, dedicated laundry room, and 2 parking (tandem). Steps to the dyke trails, Olympic Oval, shops, dining, transit, and top-rated schools, making this an ideal fit for downsizers, young families, or professionals. OPEN HOUSE AUG 8TH 12-2PM (id:63159)

Values & Trends

This listing

$679/sqft

Building average

$840/sqft

1 active listing(s)

Richmond average

$802/sqft

869 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.

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

19

3/9 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
Archibald Blair ElementaryElementary870 m
J.N. Burnett SecondarySecondary1.1 km
James Thompson ElementaryElementary1.1 km
Samuel Brighouse ElementaryElementary1.2 km
Donald E McKay ElementaryElementary1.5 km
Spul'u'kwuks ElementaryElementary1.6 km
Station StretchElementary1.8 km
Richmond SecondaryElementary2.1 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
Southbound Lynas Lane @ Dover Cres177 m
Westbound Westminster Hwy @ Lynas Lane325 m
Eastbound Westminster Hwy @ Lynas Lane332 m
Eastbound Westminster Hwy @ Tiffany Blvd378 m
Westbound Westminster Hwy @ Tiffany Blvd413 m

Nearby Places

Restaurants (1)

  • Unnamed772 m

Cafes (1)

  • Golden Coin571 m

Parks (3)

  • Unnamed184 m
  • Tiffany Park · 6191 Lynas Lane434 m
  • Garnet Tot Lot · 5271 Turquoise Drive682 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.4% ($29,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$439,200.00
Periodic payment — Principal & Interest (monthly)$2,833.57
Additional monthly expenses (strata, tax, utilities, etc.)$756.29
Total monthly cost$3,589.86
Interest paid over 5-yr term$125,875.98
Balance at end of term$395,061.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$29,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,991.70

Cash Needed at Closing

Minimum down payment$29,900
Estimated BC PTT$8,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$40,380

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.

Request more information