Property Type: TownhouseOwnership: Strata

53 5531 CORNWALL DRIVE

Richmond, BC V7C5N7

$1,588,000

3 bed3 bath2 parking2,445 sqftBuilt 1992
Get Directions

Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Row / Townhouse

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$696/mo
Annual property tax
$5,470.33 (2026)

Interior

Heating
Radiant heat
Fireplace
None

Parking

Total spaces
2 — covered indicated
Features
Garage

Restrictions & Policies

Pets
Allowed with restrictions
Age / occupancy
Adult-oriented (no young children)

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3153313
Listed
August 6, 2026
Time on market
On the market for 25 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Quilchena Green - Prime Adult-Oriented Living in Richmond. Beautifully maintained 3-bedroom townhouse tucked into a quiet, well-run, adult-oriented complex in a park-like setting. Rare dual master suites - one up, one down - offer flexible living for families or guests. Vaulted ceilings and abundant natural light create a bright, open main floor. Situated in a prime, private spot within the complex, this home is just steps from the Richmond Dyke, perfect for walking or cycling, and minutes from shops, restaurants, and everyday amenities. Pride of ownership shows throughout. A rare opportunity in one of Richmond's most desirable adult communities - don't miss your chance to call this home! (id:63159)

Values & Trends

This listing

$649/sqft

Building average

$662/sqft

1 active listing(s)

Richmond average

$757/sqft

349 active listing(s)

Parking: 2 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.

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

$1,174,700
$939,500
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

44

6/9 categories nearby

Transit

27

4 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
Spul'u'kwuks ElementaryElementary308 m
James Thompson ElementaryElementary810 m
Quilchena ElementaryElementary1.6 km
J.N. Burnett SecondarySecondary1.7 km
Archibald Blair ElementaryElementary1.8 km
Donald E McKay ElementaryElementary2.2 km
R M Grauer ElementaryElementary2.2 km
James Gilmore ElementaryElementary2.5 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
Southbound No. 1 Rd @ Westminster Hwy575 m
Eastbound Westminster Hwy @ Forsyth Cres595 m
Westbound Westminster Hwy @ Gibbons Dr691 m
Eastbound Westminster Hwy @ Gibbons Dr759 m

Nearby Places

Restaurants (5+)

  • Shanghai Dumpling King · 3675 Westminster Highway413 m
  • Pizza Hut · 3675 Westminster Highway416 m
  • Lucky Hong Kong Restaurant · 3671 Westminster Highway456 m
  • Edokko Nigiri Sushi · 3679 Westminster Highway512 m
  • Katsu San · 6011 Number 1 Road524 m

Cafes (2)

  • Presotea · 3671 Westminster Highway440 m
  • L'aromas Coffee Terra Nova · 3677 Westminster Highway468 m

Grocery (1)

  • Save-On-Foods · 3673 Westminster Highway409 m

Parks (4)

  • Terra Nova Neighbourhood School Park · 3551 Westminster Highway131 m
  • Terra Nova Rural Park657 m
  • Gibbons VLA Park · 4200 Westminster Highway744 m
  • Thompson Neighbourhood School Park778 m

Pharmacies (1)

  • Pharmachoice · 6011 Number 1 Road556 m

Banks & ATMs (1)

  • RBC · 3679 Westminster Highway497 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Other Listings in This Building

Other units currently listed in the same building. 53 5531 CORNWALL DRIVE

View building profile →
Built 1992

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($317,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,270,400.00
Periodic payment — Principal & Interest (monthly)$8,196.19
Additional monthly expenses (strata, tax, utilities, etc.)$1,273.68
Total monthly cost$9,469.87
Interest paid over 5-yr term$364,100.29
Balance at end of term$1,142,728.91

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$317,600
Stress test qualifying rate8.09%
Payment you must qualify for$9,768.93

Cash Needed at Closing

Minimum down payment$317,600
Estimated BC PTT$29,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$348,860

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.

Request more information