Property Type: Condo / ApartmentOwnership: Strata

425 5888 DOVER CRESCENT

Richmond, BC V7C5R9

$719,000

2 bed2 bath2 parking1,012 sqftBuilt 1998
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Amenities

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
$579/mo
Annual property tax
$2,424.05 (2025)

Interior

Heating
Electric
Fireplace
None
Appliances
All

Exterior & Lot

View
View
Lot features
Elevator, Wheelchair access

Building

Security
Smoke Detectors
Parcel ID (PID)
024-093-165

Parking

Total spaces
2 — uncovered indicated
Features
Underground, Tandem, Visitor Parking

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®
R3088978
Listed
February 11, 2026
Time on market
On the market for 201 days
Tax assessment year
2025
Data last synced
September 1, 2026

Listing provided by: 1NE Collective Realty Inc. · Data source: CREA DDF.

Description

Welcome to Pelican Pointe! Top Floor unit SE facing overlooking Dover Park. Bright and excellent layout with huge master bedroom and spacious 2nd bedroom. Interior upgrades incl bathroom, range hoods and partial painting in 2024. High vaulted ceiling. Private balcony to enjoy your morning coffee. Steps to Park, Dyke walking trail and close by to shopping, restaurants and malls. School catchments: Archibald Blair Elementary & J N Burnett Secondary. Good value for size or investment. (id:63159)

Values & Trends

This listing

$710/sqft

Building average

$725/sqft

3 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

22

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 ElementaryElementary882 m
J.N. Burnett SecondarySecondary1.1 km
Samuel Brighouse ElementaryElementary1.1 km
James Thompson ElementaryElementary1.2 km
Donald E McKay ElementaryElementary1.5 km
Spul'u'kwuks ElementaryElementary1.7 km
Station StretchElementary1.7 km
Richmond SecondaryElementary2.0 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 Cres213 m
Eastbound Westminster Hwy @ Lynas Lane337 m
Westbound Westminster Hwy @ Lynas Lane351 m
Eastbound Westminster Hwy @ Tiffany Blvd419 m
Westbound Westminster Hwy @ No. 2 Rd456 m

Nearby Places

Restaurants (1)

  • Unnamed687 m

Cafes (1)

  • Golden Coin493 m

Parks (4)

  • Unnamed143 m
  • Tiffany Park · 6191 Lynas Lane450 m
  • Garnet Tot Lot · 5271 Turquoise Drive720 m
  • Oval Riverside Plaza798 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 6.5% ($46,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$575,200.00
Periodic payment — Principal & Interest (monthly)$3,711.00
Additional monthly expenses (strata, tax, utilities, etc.)$831.96
Total monthly cost$4,542.96
Interest paid over 5-yr term$164,853.97
Balance at end of term$517,394.26

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$46,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,168.21

Cash Needed at Closing

Minimum down payment$46,900
Estimated BC PTT$12,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$60,780

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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