Property Type: Detached HouseOwnership: Freehold

4980 WESTMINSTER HIGHWAY

Richmond, BC V7C1B8

$2,870,000

6 bed5 bath3 parking3,812 sqftBuilt 2006
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Property Details

Property & Lot

Sub-type
House
Lot size
8,534 square feet
Frontage
72 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,326.06 (2025)

Interior

Heating
Radiant heat, Hot Water
Fireplace
Yes (1)

Parking

Total spaces
3 — covered indicated
Features
Garage

Listing Information

MLS®
R3097740
Listed
March 9, 2026
Time on market
On the market for 175 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Nestled in the desirable Riverdale waterfront community, this home at 4980 Westminster Highway offers exceptional convenience and a family-friendly neighbourhood. Just a short walk to J. N. Burnett Secondary School, making school drop-offs effortless. Enjoy easy access to public transit with a bus stop right outside, providing direct connections to CF Richmond Centre, shopping, dining, and everyday amenities. A great opportunity to live in one of Richmond´s most sought-after riverside communities with parks, walking trails, and schools all close by. (id:63159)

Values & Trends

This listing

$753/sqft

Building average

No other active listings in this building

Richmond average

$808/sqft

621 active listing(s)

Parking: 3 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.

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

$2,225,800
$1,911,700
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

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

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

SchoolTypeDistance
James Thompson ElementaryElementary580 m
Archibald Blair ElementaryElementary605 m
J.N. Burnett SecondarySecondary661 m
Spul'u'kwuks ElementaryElementary1.1 km
Donald E McKay ElementaryElementary1.2 km
Samuel Brighouse ElementaryElementary1.5 km
Quilchena ElementaryElementary1.7 km
R M Grauer ElementaryElementary1.7 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 Westminster Hwy @ Mccallan Rd30 m
Eastbound Westminster Hwy @ Mccallan Rd64 m
Westbound Westminster Hwy @ Tiffany Blvd213 m
Eastbound Westminster Hwy @ Riverdale Dr291 m
Eastbound Westminster Hwy @ Tiffany Blvd298 m

Nearby Places

Parks (5+)

  • McCallan Neighbourhood Park293 m
  • Garnet Tot Lot · 5271 Turquoise Drive307 m
  • Tiffany Park · 6191 Lynas Lane407 m
  • Gibbons VLA Park · 4200 Westminster Highway586 m
  • Middle Arm Trail611 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($574,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,296,000.00
Periodic payment — Principal & Interest (monthly)$14,813.01
Additional monthly expenses (strata, tax, utilities, etc.)$884.84
Total monthly cost$15,697.85
Interest paid over 5-yr term$658,040.20
Balance at end of term$2,065,259.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$574,000
Stress test qualifying rate8.09%
Payment you must qualify for$17,655.44

Cash Needed at Closing

Minimum down payment$574,000
Estimated BC PTT$64,100
Legal / closing costs (typical estimate)$1,500
Total cash needed$639,600

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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