Property Type: Condo / ApartmentOwnership: Strata

513 5508 HOLLYBRIDGE WAY

Richmond, BC V7C0C7

$650,888

2 bed1 bath1 parking670 sqftBuilt 2020
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Amenities

Gym

Also listed: Guest Suite, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$526/mo
Annual property tax
$2,091.89 (2025)

Interior

Heating
Heat Pump
Cooling / A/C
Air Conditioned
Fireplace
None
Appliances
All, Oven - Built-In

Exterior & Lot

View
View
Lot features
Central location, Elevator

Building

Parcel ID (PID)
031-059-341

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

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®
R3144073
Listed
July 8, 2026
Time on market
On the market for 54 days
Tax assessment year
2025
Data last synced
August 31, 2026

Listing provided by: Sutton Group-West Coast Realty · Data source: CREA DDF.

Description

Welcome to River Park Place III in vibrant Oval Village. This bright & efficient junior 2-bed unit offers an open concept layout, air conditioning, large windows & private balcony. The modern kitchen features a functional island, quartz countertops, gas cooktop, Bosch appliances, ample cabinetry and smart home comfort with a Nest thermostat. The versatile junior/flex bedroom adds valuable space for a home office, guest room, or everyday living. Includes 1 parking & 1 storage locker. Enjoy access to the building's outstanding amenities including concierge, guest suite, gym, lounge, study room, basketball court, mah jong room, garden & dog walk area. Steps to the Oval, riverfront trails, cafes, restaurants, shops, transit & quick access to YVR. NOTE: Strata fee includes city utilities. (id:63159)

Values & Trends

This listing

$971/sqft

Building average

$923/sqft

3 active listing(s)

Richmond average

$801/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

Clear

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

67

6/9 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
Station StretchElementary595 m
Samuel Brighouse ElementaryElementary847 m
Maple Hill School(Independent)Secondary1.4 km
Richmond SecondaryElementary1.5 km
Archibald Blair ElementaryElementary1.7 km
William Cook ElementaryElementary1.7 km
City Vancouver Academy(Independent)Secondary1.9 km
J.N. Burnett SecondarySecondary1.9 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

StopTypeDistance
Westbound Elmbridge Way @ Gilbert Rd170 m
Northbound Gilbert Rd @ Elmbridge Way214 m
Southbound Gilbert Rd @ Elmbridge Way227 m
Westbound River Rd @ Hollybridge Way229 m
Eastbound Lansdowne Rd @ Cedarbridge Way369 m

Nearby Places

Restaurants (5+)

  • Sushi Mura · 5508 Hollybridge Way24 m
  • Pho Capital · 5508 Hollybridge Way28 m
  • JJang Korean BBQ and Social House · 5668 Hollybridge Way88 m
  • Fortune Terrace Chinese Cuisine · 130-6200 River Road91 m
  • Freshii · 5668 Hollybridge Way97 m

Cafes (5+)

  • CoCo Fresh Tea & Juice · 6699 River Road92 m
  • Penguin Bros. · 7488 Lansdowne Road112 m
  • Big Rock Café126 m
  • Lattea · 5555 Gilbert Road159 m
  • Time Out Cafe288 m

Parks (5+)

  • Unnamed72 m
  • Unnamed214 m
  • Unnamed240 m
  • Oval Riverside Plaza355 m
  • Middle Arm Waterfront Greenway · 7411 River Road565 m

Gyms (5+)

  • Atomic Jiujitsu44 m
  • Fitness World · 7468 Lansdowne Road101 m
  • Burning Hormone Peachfit · 6888 River Road218 m
  • YYOGA226 m
  • Grupo Axé Capoeira · 6111 River Road231 m

Pharmacies (4)

  • Shoppers Drug Mart180 m
  • Oval Integrative Pharmacy181 m
  • Medicine Centre557 m
  • Minoru Pharmacy · 7380 Westminster Highway662 m

Banks & ATMs (3)

  • BMO · 165-6971 Elmbridge Way125 m
  • TD · 140-7488 Lansdowne Road151 m
  • Scotiabank · 6688 River Road186 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 6.2% ($40,089) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$520,710.00
Periodic payment — Principal & Interest (monthly)$3,359.44
Additional monthly expenses (strata, tax, utilities, etc.)$734.37
Total monthly cost$4,093.82
Interest paid over 5-yr term$149,236.98
Balance at end of term$468,380.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$40,089
Stress test qualifying rate8.09%
Payment you must qualify for$4,696.83

Cash Needed at Closing

Minimum down payment$40,089
Estimated BC PTT$11,018
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,607

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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