Property Type: Land / LotOwnership: Freehold

4480 THOMPSON ROAD

Richmond, BC V6V1S8

$2,599,999

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Property Details

Property & Lot

Lot size
21,526.67 square feet
Frontage
70 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$5,591.85 (2024)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R3130622
Listed
June 1, 2026
Time on market
On the market for 91 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: RE/MAX Real Estate Services · Data source: CREA DDF.

Description

Developers Alert!!! This property is part of Land Assembly in the Heart of Lower Mainland (Hamilton Area of Richmond), These properties are located just west of Alex Fraser Bridge with easy access to Vancouver, Downtown Richmond, Surrey/Delta, New West/Burnaby Airport/Oak, QB, Knight St Bridges etc. Potential for more land to be part of this last large remaining piece of land in Richmond. Prime properties to rezone for Multi Family use with the Province/Cities encouraging higher density to cope with Housing Shortage. Exceptional opportunity for the Developer to build affordable housing for the First Time & Move up Buyers and Empty Nester in a very Serene location close to Fraser River in the center of Lower Mainland. ESA Designations has been Completely Removed from this & 4531 Boundary Rd (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Richmond average

$1,493/sqft

5 active listing(s)

Parking: Not indicatedStorage 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.

Location Insights

Weather

Clear

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

22

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
Hamilton ElementaryElementary570 m
Queen Elizabeth ElementaryElementary1.3 km
Queensborough Middle SchoolElementary/Middle1.5 km
Connaught Heights ElementaryElementary2.6 km
Choice School For Gifted Children(Independent)Elementary/Middle2.8 km
Taylor Park ElementaryElementary3.1 km
Brooke ElementaryElementary3.1 km
Lord Tweedsmuir ElementaryElementary3.1 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
Westbound Ewen Ave @ Hume St396 m
Eastbound Ewen Ave @ Hume St446 m
Eastbound Westminster Hwy @ Boundary Rd451 m
Westbound Westminster Hwy @ Boundary Rd461 m
Westbound Westminster Hwy @ Smith Cres462 m

Nearby Places

Restaurants (1)

  • Buffet720 m

Parks (5+)

  • Hamilton Highway Park125 m
  • Thompson's Landing Park319 m
  • VLA Park · 23231 Willett Avenue417 m
  • Riverfront Park Trail534 m
  • Hamilton Community Park · 23280 Gilley Road553 m

Pharmacies (1)

  • Pharmasave · 23233 Gilley Road684 m

Banks & ATMs (2)

  • Unnamed738 m
  • Unnamed797 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($520,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,079,999.00
Periodic payment — Principal & Interest (monthly)$13,419.45
Additional monthly expenses (strata, tax, utilities, etc.)$465.99
Total monthly cost$13,885.44
Interest paid over 5-yr term$596,133.69
Balance at end of term$1,870,965.83

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$520,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,994.47

Cash Needed at Closing

Minimum down payment$520,000
Estimated BC PTT$56,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$577,500

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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