Property Type: Detached HouseOwnership: Freehold

5471 GARRISON ROAD

Richmond, BC V7C2M1

$2,768,000

6 bed7 bath8 parking4,835 sqftBuilt 1998
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
11,122 square feet
Frontage
72 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,772.35 (2024)

Interior

Heating
Baseboard heaters, Radiant heat, Hot Water
Cooling / A/C
Air Conditioned
Fireplace
Yes (2)

Parking

Total spaces
8 — covered indicated
Features
Garage

Listing Information

MLS®
R3103693
Listed
March 25, 2026
Time on market
On the market for 159 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.

Description

Rare Opportunity - Don´t Miss Out! Located in the heart of Richmond, this magnificent 11,122 sq.ft. home offers a unique layout that radiates luxury and grandeur. The stunning 16-foot high ceiling in the living room, complemented by two exquisite crystal chandeliers, creates a breathtaking ambiance, while the 12-foot high-ceiling bedrooms provide an open and elegant living experience. The kitchen is designed with refined maple cabinetry and granite countertops, combining sophistication with functionality. Oak parquet flooring adds warmth and charm, while radiant floor heating and central air conditioning ensure year-round comfort. Just a 3-minute walk to Blair Elementary, one of Richmond´s top-ranked schools, and the nearby community center, this home offers unparalleled convenience. (id:63159)

Values & Trends

This listing

$572/sqft

Building average

No other active listings in this building

Richmond average

$809/sqft

621 active listing(s)

Parking: 8 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.

Detached (House) Market Stats — Richmond

Monthly figures from the Fraser Valley Real Estate Board for Richmond detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,911,700

Jul 2026

Average Sale Price

$1,917,898

Jul 2026

Monthly Sales

63

Jul 2026

Active Listings

612

Jul 2026

Sales-to-Active Ratio

10.0%

Jul 2026

Median Days to Contract

27 days

Jul 2026

MLS® HPI Benchmark Price

$2,225,800
$1,911,700
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

11

2/9 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
Archibald Blair ElementaryElementary201 m
J.N. Burnett SecondarySecondary407 m
Donald E McKay ElementaryElementary610 m
Samuel Brighouse ElementaryElementary964 m
James Thompson ElementaryElementary1.2 km
R M Grauer ElementaryElementary1.4 km
Blundell ElementaryElementary1.5 km
des NavigateursElementary1.5 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
Eastbound Granville Ave @ Lynas Lane269 m
Westbound Granville Ave @ Lynas Lane276 m
Westbound Granville Ave @ Ledway Rd276 m
Eastbound Granville Ave @ Ledway Rd298 m
Eastbound Granville Ave @ Railway Ave355 m

Nearby Places

Cafes (1)

  • Golden Coin777 m

Parks (5+)

  • Thompson/Burnett Community Park · 5151 Granville Avenue254 m
  • Garnet Tot Lot · 5271 Turquoise Drive461 m
  • Tiffany Park · 6191 Lynas Lane484 m
  • Railway Granville Bike Park549 m
  • McKay Park565 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($553,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,214,400.00
Periodic payment — Principal & Interest (monthly)$14,286.56
Additional monthly expenses (strata, tax, utilities, etc.)$1,056.36
Total monthly cost$15,342.92
Interest paid over 5-yr term$634,653.41
Balance at end of term$1,991,859.96

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$553,600
Stress test qualifying rate8.09%
Payment you must qualify for$17,027.96

Cash Needed at Closing

Minimum down payment$553,600
Estimated BC PTT$61,040
Legal / closing costs (typical estimate)$1,500
Total cash needed$616,140

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