Property Type: Condo / ApartmentOwnership: Strata

311 5880 DOVER CRESCENT

Richmond, BC V7C5P5

$758,000

2 bed2 bath1 parking950 sqftBuilt 1994
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Amenities

Gym

Also listed: Recreation Centre, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$464/mo
Annual property tax
$2,171.06 (2024)

Interior

Heating
Baseboard heaters, Natural gas
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
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®
R2994043
Listed
April 24, 2025
Time on market
On the market for 494 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Luxmore Realty · Data source: CREA DDF.

Description

Enjoy Waterside Dover Crescent! This East Facing bright, partially renovated, and spacious 2-bedroom, 2-bath condo is perfect for your dream home, surrounded by cherry flowers. This home has been kept in mint condition. Its layout has an open kitchen with quartz countertop, gas fireplace, in-suite laundry, 2 large bathrooms with upgraded quartz countertop, and a covered balcony with great water and mountain view. 1 secured under building parking, 1 storage locker. A very well-maintained complex with a steel Roof, a Party room, a gym, tennis courts and a basketball court. Steps to the dyke, trails, shopping plaza at Terra Nova, and Richmond oval. Only 1 cat allowed, no dogs allowed. (id:63159)

Values & Trends

This listing

$798/sqft

Building average

$731/sqft

2 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

26

4/9 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 ElementaryElementary886 m
Samuel Brighouse ElementaryElementary983 m
J.N. Burnett SecondarySecondary1.1 km
James Thompson ElementaryElementary1.3 km
Donald E McKay ElementaryElementary1.5 km
Station StretchElementary1.6 km
Spul'u'kwuks ElementaryElementary1.8 km
Richmond SecondaryElementary1.9 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 Cres290 m
Westbound Westminster Hwy @ No. 2 Rd337 m
Eastbound Westminster Hwy @ Lynas Lane356 m
Westbound Westminster Hwy @ Lynas Lane397 m
Westbound River Rd @ 6100 Block462 m

Nearby Places

Restaurants (1)

  • Unnamed556 m

Cafes (2)

  • Golden Coin366 m
  • Time Out Cafe690 m

Parks (4)

  • Unnamed143 m
  • Tiffany Park · 6191 Lynas Lane475 m
  • Oval Riverside Plaza703 m
  • Garnet Tot Lot · 5271 Turquoise Drive765 m

Gyms (2)

  • YYOGA752 m
  • Grupo Axé Capoeira · 6111 River Road765 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 6.7% ($50,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$606,400.00
Periodic payment — Principal & Interest (monthly)$3,912.29
Additional monthly expenses (strata, tax, utilities, etc.)$693.00
Total monthly cost$4,605.29
Interest paid over 5-yr term$173,795.98
Balance at end of term$545,458.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$50,800
Stress test qualifying rate8.09%
Payment you must qualify for$5,438.12

Cash Needed at Closing

Minimum down payment$50,800
Estimated BC PTT$13,160
Legal / closing costs (typical estimate)$1,500
Total cash needed$65,460

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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