501 7371 WESTMINSTER HIGHWAY
Richmond, BC V6X0B4
$828,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
- Frontage
- 0 feet
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $720/mo
- Annual property tax
- $2,816.88 (2025)
Interior
- Heating
- Heat Pump, Forced air, Geo Thermal
- Cooling / A/C
- Air Conditioned
- Fireplace
- None
Parking
- Total spaces
- 2
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®
- R3124525
- Listed
- May 16, 2026
- Time on market
- On the market for 107 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX City Realty · Data source: CREA DDF.
Description
Welcome to Lotus by Cressey in the heart of Richmond. This bright and spacious 3-bedroom, 2-bathroom corner home features a huge private fenced patio, perfect for outdoor entertaining, gardening. Thoughtfully designed layout with AC, and floor-to-ceiling windows, the home offers both comfort and style. 2 parking stalls and 1 locker, all conveniently located on the same level. Enjoy an unbeatable central location just steps to SkyTrain, Richmond Hospital, Minoru Park, Richmond Olympic Oval, Richmond Centre, plus an outstanding selection of popular restaurants and shops. Residents have access to excellent amenities including an indoor pool, hot tub, fitness centre, and party room. (id:63159)
Values & Trends
This listing
$777/sqft
Building average
$681/sqft
1 active listing(s)
Richmond average
$802/sqft
869 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.
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
15°C
Mainly Clear
Humidity 100%
Wind ESE 13 km/h
Today
21°
Tonight
16°
Wednesday
19°
Wednesday night
14°
Thursday
18°
Thursday night
13°
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
56
7/9 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 |
|---|---|---|
| Samuel Brighouse Elementary | Elementary | 610 m |
| Station Stretch | Elementary | 656 m |
| Richmond Secondary | Elementary | 1.1 km |
| William Cook Elementary | Elementary | 1.3 km |
| General Currie Elementary | Elementary | 1.6 km |
| Maple Hill School(Independent) | Secondary | 1.6 km |
| Archibald Blair Elementary | Elementary | 1.7 km |
| W D Ferris Elementary | Elementary | 1.9 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 |
|---|---|---|
| Westbound Westminster Hwy @ Alderbridge Way | — | 66 m |
| Eastbound Westminster Hwy @ Alderbridge Way | — | 71 m |
| Westbound Elmbridge Way @ Alderbridge Way | — | 158 m |
| Eastbound Westminster Hwy @ Gilbert Rd | — | 207 m |
| Northbound Gilbert Rd @ Westminster Hwy | — | 242 m |
Nearby Places
Restaurants (5+)
- Free Bird Table & Bar · 5991 Alderbridge Way49 m
- South Silk Road Restaurant · 7260 Westminster Highway88 m
- Harold's · 7551 Westminster Highway212 m
- 75 West Coast Grill · 7571 Westminster Highway290 m
- Dinesty Dumpling House · 5555 Gilbert Road316 m
Cafes (5+)
- Lattea · 5555 Gilbert Road327 m
- Penguin Bros. · 7488 Lansdowne Road377 m
- Big Rock Café423 m
- CoCo Fresh Tea & Juice529 m
- Blenz Coffee543 m
Parks (5+)
- Unnamed458 m
- Minoru Park491 m
- Brighouse Neighbourhood School Park585 m
- Unnamed684 m
- Unnamed715 m
Shopping (3)
- London Plaza500 m
- CF Richmond Centre · 6551 Number 3 Road589 m
- Muji · 6551 Number 3 Road698 m
Gyms (5+)
- Overdrive Athletic Club202 m
- Rumble Boxing Studio228 m
- Raincity Boxing & Fitness266 m
- F45 Training333 m
- Fitness World · 7468 Lansdowne Road384 m
Pharmacies (5+)
- Minoru Pharmacy · 7380 Westminster Highway214 m
- Medicine Centre301 m
- Shoppers Drug Mart301 m
- London Drugs · 5971 Number 3 Road524 m
- Shoppers Drug Mart593 m
Banks & ATMs (5+)
- TD · 140-7488 Lansdowne Road353 m
- BMO · 165-6971 Elmbridge Way391 m
- Gulf & Fraser467 m
- TD · 5991 Number 3 Road552 m
- CTBC Bank · 5911 Number 3 Road553 m
Nearby places data: © OpenStreetMap contributors.
School district: Richmond (SD38)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.0% ($57,800) — 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.