Property Type: Condo / ApartmentOwnership: Leasehold / Strata

308 7240 LINDSAY ROAD

Richmond, BC V7C3M6

$318,000

3 bed1 bath1 parking1,057 sqftBuilt 1974
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Amenities

Also listed: Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment
Frontage
0 feet

Ownership & Fees

Property type
Condo / Apartment
Ownership
Leasehold / Strata
Strata / maintenance fee
$1,052/mo
Annual property tax
$0 (2023)

Interior

Heating
Baseboard heaters, Hot Water
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

Restrictions & Policies

Pets
Not allowed

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

Listing Information

MLS®
R3093011
Listed
February 24, 2026
Time on market
On the market for 188 days
Tax assessment year
2023
Data last synced
August 28, 2026

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

Description

Sussex Square, the popular Leasehold complex located in a quiet neighbourhood. ?This South facing 3 bedroom top floor unit is perfect for your growing family. McKay elementary school is right next to you. Steps away from Burnett Secondary school and Thompson community centre. One parking stall is included. Maintenance fee includes heat, hot water, city utility, and property tax. Leasehold expires in 2087. (id:63159)

Values & Trends

This listing

$301/sqft

Building average

$258/sqft

3 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

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

11

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 ElementaryElementary250 m
J.N. Burnett SecondarySecondary435 m
Archibald Blair ElementaryElementary584 m
R M Grauer ElementaryElementary763 m
des NavigateursElementary1.1 km
James Thompson ElementaryElementary1.2 km
Quilchena ElementaryElementary1.3 km
Blundell ElementaryElementary1.4 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
Northbound Railway Ave @ Linfield Gate125 m
Southbound Railway Ave @ Linfield Gate146 m
Southbound Railway Ave @ Granville Ave233 m
Eastbound Granville Ave @ Railway Ave282 m
Northbound Railway Ave @ Lancing Rd346 m

Nearby Places

Restaurants (1)

  • Sushi Lovers515 m

Parks (4)

  • McKay Park229 m
  • Railway Granville Bike Park273 m
  • Thompson/Burnett Community Park · 5151 Granville Avenue397 m
  • Morris Neighbourhood Park554 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($15,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$254,400.00
Periodic payment — Principal & Interest (monthly)$1,641.30
Additional monthly expenses (strata, tax, utilities, etc.)$1,104.91
Total monthly cost$2,746.21
Interest paid over 5-yr term$72,911.77
Balance at end of term$228,833.62

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,900
Stress test qualifying rate8.09%
Payment you must qualify for$2,323.04

Cash Needed at Closing

Minimum down payment$15,900
Estimated BC PTT$4,360
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,760

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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