Property Type: Condo / ApartmentOwnership: Strata

602 7575 ALDERBRIDGE WAY

Richmond, BC V6X4L1

$498,888

1 bed1 bath1 parking662 sqftBuilt 2008
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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
$346/mo
Annual property tax
$1,810.84 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions
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®
R3137005
Listed
June 17, 2026
Time on market
On the market for 75 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Riverside Realty Ltd. · Data source: CREA DDF.

Description

Functional layout Bright East facing one bedroom + den with New paint, New flooring and a New gas stove! Huge den that can be an office, hobby room or a temporary bedroom. 1 parking & 1 storage locker. Well Managed Ocean Walk complex is located near heart of Richmond city centre, convenient location with walking distance to Lansdowne skytrain station, Richmond Shopping Centre, Olympic Oval, Restaurants and beautiful river road dike. Building has guest suite that can be rented to accommodate your out of town guests! 2 EV chargers in the complex. Great amenities in the building, including the exercise room, green putting area, spacious court yard, and children play area. (id:63159)

Values & Trends

This listing

$754/sqft

Building average

No other active listings in this building

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

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

70

8/9 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 StretchElementary422 m
Samuel Brighouse ElementaryElementary852 m
Maple Hill School(Independent)Secondary1.3 km
Richmond SecondaryElementary1.4 km
William Cook ElementaryElementary1.5 km
City Vancouver Academy(Independent)Secondary1.7 km
Archibald Blair ElementaryElementary1.8 km
General Currie ElementaryElementary1.8 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 Lansdowne Rd @ Cedarbridge Way133 m
Northbound Gilbert Rd @ Elmbridge Way144 m
Westbound Elmbridge Way @ Alderbridge Way170 m
Westbound Elmbridge Way @ Gilbert Rd206 m
Southbound Gilbert Rd @ Elmbridge Way213 m

Nearby Places

Restaurants (5+)

  • Co'm Vietnamese · 7688 Alderbridge Way100 m
  • Sing Cafe Fusion Style · 7488 Lansdowne Road124 m
  • Dinesty Dumpling House · 5555 Gilbert Road139 m
  • JJang Korean BBQ and Social House · 5668 Hollybridge Way187 m
  • Freshii · 5668 Hollybridge Way194 m

Cafes (5+)

  • Lattea · 5555 Gilbert Road128 m
  • Big Rock Café135 m
  • Penguin Bros. · 7488 Lansdowne Road147 m
  • CoCo Fresh Tea & Juice · 6699 River Road309 m
  • Time Out Cafe529 m

Grocery (1)

  • Izumiya Japanese Marketplace · 7971 Alderbridge Way670 m

Parks (5+)

  • Unnamed276 m
  • Unnamed437 m
  • Unnamed459 m
  • Oval Riverside Plaza603 m
  • Middle Arm Waterfront Greenway · 7411 River Road711 m

Shopping (2)

  • London Plaza609 m
  • Superstore Plaza · 4651 Number 3 Road794 m

Gyms (5+)

  • F45 Training149 m
  • Overdrive Athletic Club155 m
  • Fitness World · 7468 Lansdowne Road161 m
  • Raincity Boxing & Fitness173 m
  • Rumble Boxing Studio209 m

Pharmacies (5+)

  • Shoppers Drug Mart160 m
  • Oval Integrative Pharmacy430 m
  • Minoru Pharmacy · 7380 Westminster Highway453 m
  • Medicine Centre529 m
  • London Drugs · 5971 Number 3 Road630 m

Banks & ATMs (5+)

  • TD · 140-7488 Lansdowne Road105 m
  • Scotiabank · 6688 River Road250 m
  • BMO · 165-6971 Elmbridge Way251 m
  • National Bank · 5811 Number 3 Road575 m
  • CTBC Bank · 5911 Number 3 Road595 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,944) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,110.00
Periodic payment — Principal & Interest (monthly)$2,574.92
Additional monthly expenses (strata, tax, utilities, etc.)$530.15
Total monthly cost$3,105.08
Interest paid over 5-yr term$114,386.07
Balance at end of term$359,000.74

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,944
Stress test qualifying rate8.09%
Payment you must qualify for$3,644.46

Cash Needed at Closing

Minimum down payment$24,944
Estimated BC PTT$7,978
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,422

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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