3471 NEWMORE AVENUE
Richmond, BC V7C1M5
$2,590,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 7,026 square feet
- Frontage
- 66 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $8,508.09 (2025)
Interior
- Heating
- Heat Pump, Radiant heat, Forced air
- Cooling / A/C
- Air Conditioned
- Fireplace
- Yes (2)
Parking
- Total spaces
- 6 — covered indicated
- Features
- Garage
Listing Information
- MLS®
- R3157835
- Listed
- August 21, 2026
- Time on market
- On the market for 10 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Royal Pacific Realty Corp. · Data source: CREA DDF.
Description
EXCELLENT CASH FLOW with Separate Suite operating as Licensed Short Term Rental! Rare opportunity to own this south-facing, like-new luxury home in Richmond's highly desirable Seafair area. Meticulously maintained and only lightly lived in, this elegant residence features a grand high-ceiling foyer, exquisite chandeliers, large windows, hardwood and marble flooring, radiant heating, A/C, HRV, security system, and a 3-car garage. Functional spacious layout includes chef's kitchen plus wok kitchen with premium S/S appliances, and a main floor bedroom. Mortgage helper potential with a separate self-contained suite currently operating as a licensed short-term rental with proven income capability. Conveniently located close to schools, shopping, parks, transit, and the Dyke trail. (id:63159)
Values & Trends
This listing
$752/sqft
Building average
—
No other active listings in this building
Richmond average
$808/sqft
621 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
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
7
1/9 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
| School | Type | Distance |
|---|---|---|
| Quilchena Elementary | Elementary | 509 m |
| James Gilmore Elementary | Elementary | 515 m |
| R M Grauer Elementary | Elementary | 1.1 km |
| Alfred B Dixon Elementary | Elementary | 1.2 km |
| Hugh Boyd Secondary | Elementary | 1.3 km |
| Manoah Steves Elementary | Elementary | 1.7 km |
| James Thompson Elementary | Elementary | 1.8 km |
| Spul'u'kwuks Elementary | Elementary | 1.8 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
| Stop | Type | Distance |
|---|---|---|
| Southbound No. 1 Rd @ Blundell Rd | — | 650 m |
| Northbound No. 1 Rd @ Blundell Rd | — | 672 m |
| Northbound No. 1 Rd @ Pacemore Ave | — | 682 m |
| Southbound No. 1 Rd @ Pacemore Ave | — | 684 m |
| Southbound No. 1 Rd @ Moresby Dr | — | 766 m |
Nearby Places
Parks (3)
- Unnamed441 m
- Gilmore Neighbourhood School Park511 m
- West Dyke Trail689 m
Nearby places data: © OpenStreetMap contributors.
School district: Richmond (SD38)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($518,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.