5 7531 NO. 1 ROAD
Richmond, BC V7C1T7
$1,108,888
Property Details
Property & Lot
- Sub-type
- Row / Townhouse
Ownership & Fees
- Property type
- Townhouse
- Ownership
- Strata
- Strata / maintenance fee
- $400/mo
- Annual property tax
- $3,615.31 (2025)
Interior
- Heating
- Forced air, Natural gas
- Fireplace
- None
Parking
- Total spaces
- 2 — covered indicated
- Features
- Garage
Restrictions & Policies
- Pets
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Listing Information
- MLS®
- R3136981
- Listed
- June 17, 2026
- Time on market
- On the market for 75 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.
Description
Bright and spacious 3-bedroom, 2.5-bathroom townhome offering 1,764 sq. ft. of comfortable living space, including a family room, in the well-maintained and self-managed Madison Estates in desirable Quilchena. This home features a south-facing fenced yard with a private patio, perfect for BBQs and outdoor enjoyment. Enjoy extra-low strata fees and a convenient location close to the West Dyke Trail, Seafair Shopping Centre, schools, and transit. Recent updates include newer fencing, hot water tank, clothes washer, range hood, laminate flooring, and a roof that is only 10 years young. School catchment: Quilchena Elementary and Burnett Secondary. Open house: June 27/28 Sat/Sun 2-4pm (id:63159)
Values & Trends
This listing
$629/sqft
Building average
—
No other active listings in this building
Richmond average
$757/sqft
349 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.
Townhouse Market Stats — Richmond
Monthly figures from the Fraser Valley Real Estate Board for Richmond townhouselistings — not specific to this property.
MLS® HPI Benchmark Price
$1,035,200
Jul 2026
Average Sale Price
$995,218
Jul 2026
Monthly Sales
70
Jul 2026
Active Listings
395
Jul 2026
Sales-to-Active Ratio
18.0%
Jul 2026
Median Days to Contract
24 days
Jul 2026
MLS® HPI Benchmark Price
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
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
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 | 340 m |
| R M Grauer Elementary | Elementary | 569 m |
| James Gilmore Elementary | Elementary | 806 m |
| J.N. Burnett Secondary | Secondary | 1.2 km |
| Donald E McKay Elementary | Elementary | 1.2 km |
| James Thompson Elementary | Elementary | 1.3 km |
| Hugh Boyd Secondary | Elementary | 1.4 km |
| Archibald Blair Elementary | Elementary | 1.4 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 @ Moresby Dr | — | 139 m |
| Northbound No. 1 Rd @ Blundell Rd | — | 185 m |
| Northbound No. 1 Rd @ Moresby Dr | — | 208 m |
| Southbound No. 1 Rd @ Blundell Rd | — | 259 m |
| Northbound No. 1 Rd @ Pacemore Ave | — | 446 m |
Nearby Places
Parks (3)
- Unnamed353 m
- Morris Neighbourhood Park541 m
- Grauer Neighbourhood School Park · 4440 Blundell Road627 m
Nearby places data: © OpenStreetMap contributors.
School district: Richmond (SD38)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.7% ($85,889) — 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.