Property Type: Condo / ApartmentOwnership: Strata

503 7380 ELMBRIDGE WAY

Richmond, BC V6X4A1

$729,000

3 bed2 bath1 parking1,033 sqftBuilt 1996
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$647/mo
Annual property tax
$2,119.38 (2024)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

Restrictions & Policies

Rentals
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®
R2959544
Listed
January 23, 2025
Time on market
On the market for 585 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Nu Stream Realty Inc. · Data source: CREA DDF.

Description

Over 1000 sqft living space bright & large corner unit. Experience the perfect blend of comfort and convenience in the heart of Richmond. This elegant 3-bedroom and 2-bathroom Bosa-developed condo features stunning Mountian view. Open-concept and functional kitchen with maple cabinets for storage. Newly renovated floors. Exceptional amenities include a gym, hot tub, party room, guest suites, and a serene rooftop garden. Secure parking and a dedicated caretaker provide peace of mind. An ideal location, steps to restaurants, Olympic Oval, T&T, supermarks, skytrain statios and Richmond Center. Great opportunity for First-time Buyer and investors! CALL NOW for private showing, DON'T MISS THIS ONE. (id:63159)

Values & Trends

This listing

$706/sqft

Building average

$676/sqft

4 active listing(s)

Richmond average

$802/sqft

869 active listing(s)

Parking: 1 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

Mainly Clear

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.

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 6.6% ($47,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$583,200.00
Periodic payment — Principal & Interest (monthly)$3,762.61
Additional monthly expenses (strata, tax, utilities, etc.)$875.24
Total monthly cost$4,637.84
Interest paid over 5-yr term$167,146.80
Balance at end of term$524,590.29

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$47,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,237.42

Cash Needed at Closing

Minimum down payment$47,900
Estimated BC PTT$12,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$61,980

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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