Property Type: Detached HouseOwnership: Freehold

5648 MUSGRAVE CRESCENT

Richmond, BC V7C5N3

$2,398,800

6 bed4 bath5 parking3,610 sqftBuilt 1992
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Property Details

Property & Lot

Sub-type
House
Lot size
6,466 square feet
Frontage
59 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,878.92 (2025)

Interior

Heating
Forced air, Hot Water
Fireplace
Yes (2)

Parking

Total spaces
5 — covered indicated
Features
Garage

Listing Information

MLS®
R3137276
Listed
June 18, 2026
Time on market
On the market for 75 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

ORIGINAL OWNER-custom built with 2 x 6 construction, meticulously maintained, offering timeless quality, featuring 6 bedrooms and 4 full bathrooms. CORNER LOT with a gorgeous south-facing, fully-fenced rear yard & double garage w/3 additional parking spaces tucked onto the north side of the home & a gracious west facing front door. Step into an impressive entrance with vaulted ceilings & spacious cross hall living/dining. Eat-in kitchen opens onto the cozy family room & a wellness/spa area w/hot tub. Main floor features 1 bdrm & 1 full bathroom. Upstairs are 5 additional bdrms including the primary bdrm with spacious ensuite. Steps to nature, parks, schools & Terra Nova Village Shopping. Do not miss the opportunity to own 1 of the gems of the neighbourhood. (id:63159)

Values & Trends

This listing

$664/sqft

Building average

No other active listings in this building

Richmond average

$809/sqft

621 active listing(s)

Parking: 5 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

22

5/9 categories nearby

Transit

Not enough data yet

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 ElementaryElementary558 m
James Thompson ElementaryElementary1.1 km
Quilchena ElementaryElementary1.7 km
J.N. Burnett SecondarySecondary2.0 km
Archibald Blair ElementaryElementary2.1 km
R M Grauer ElementaryElementary2.4 km
Donald E McKay ElementaryElementary2.5 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

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (3)

  • Shanghai Dumpling King · 3675 Westminster Highway713 m
  • Pizza Hut · 3675 Westminster Highway717 m
  • Lucky Hong Kong Restaurant · 3671 Westminster Highway728 m

Cafes (2)

  • Presotea · 3671 Westminster Highway719 m
  • L'aromas Coffee Terra Nova · 3677 Westminster Highway751 m

Grocery (1)

  • Save-On-Foods · 3673 Westminster Highway700 m

Parks (3)

  • Terra Nova Neighbourhood School Park · 3551 Westminster Highway281 m
  • Terra Nova Rural Park339 m
  • Terra Nova Natural Area Park · 2700 Westminster Highway681 m

Banks & ATMs (1)

  • RBC · 3679 Westminster Highway797 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($479,760) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,919,040.00
Periodic payment — Principal & Interest (monthly)$12,380.99
Additional monthly expenses (strata, tax, utilities, etc.)$837.58
Total monthly cost$13,218.57
Interest paid over 5-yr term$550,002.38
Balance at end of term$1,726,182.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$479,760
Stress test qualifying rate8.09%
Payment you must qualify for$14,756.75

Cash Needed at Closing

Minimum down payment$479,760
Estimated BC PTT$49,964
Legal / closing costs (typical estimate)$1,500
Total cash needed$531,224

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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