Property Type: Condo / ApartmentOwnership: Strata

602 7995 WESTMINSTER HIGHWAY

Richmond, BC V6Y3Y5

$699,000

2 bed2 bath1 parking929 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
Apartment
Frontage
0 feet

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$292/mo
Annual property tax
$1,951.37 (2025)

Interior

Fireplace
Yes (1)

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Listing Information

MLS®
R3136282
Listed
June 16, 2026
Time on market
On the market for 77 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Nu Stream Realty Inc. · Data source: CREA DDF.

Description

929 sf large two bed room and two bath concrete highrise with low management fee . Located at the core area of Richmond center (No.3 Rd/Westminster Hwy) ,bringing VERY HIGH RENT , Downstairs are banks (CIBC , TD ,BMO, etc), sky train Brighouse station, countless restaurants, . Hundred meters away is public market, price smart and T&T. Tim Hortons and Starbucks are also within reach. Not facing No.3 Rd , very quiet . One parking one locker . Best choice for first home buyer , investment and self living. Call for a private showing right way. One parking #68. One locker #27. Elementary school : cook elementary school Secondary school: Very good public secondary school in Richmond , the only one with IB class (id:63159)

Values & Trends

This listing

$752/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

78

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 StretchElementary621 m
William Cook ElementaryElementary878 m
Samuel Brighouse ElementaryElementary1.0 km
Richmond SecondaryElementary1.1 km
General Currie ElementaryElementary1.4 km
Henry Anderson ElementaryElementary1.4 km
Maple Hill School(Independent)Secondary1.5 km
City Vancouver Academy(Independent)Secondary1.6 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 Westminster Hwy @ No. 3 Rd28 m
Southbound No. 3 Rd @ Westminster Hwy105 m
Eastbound Westminster Hwy @ Minoru Blvd145 m
Northbound No. 3 Rd @ Saba Rd155 m
Northbound Minoru Blvd @ Westminster Hwy187 m

Nearby Places

Restaurants (5+)

  • Real Love Sushi & BBQ13 m
  • Parkhill Seafood Restaurant · 7997 Westminster Highway14 m
  • Empire Seafood Restaurant · 5951 Number 3 Road53 m
  • Kiraku Sushi · 5951 Number 3 Road63 m
  • Kirin Seafood Restaurant · 7900 Westminster Highway88 m

Cafes (5+)

  • Waves Coffee House · 5951 Number 3 Road55 m
  • He Made Dessert · 5951 Number 3 Road83 m
  • theVenti · 105-6011 Number 3 Road88 m
  • Blenz Coffee · 8100 Ackroyd Road143 m
  • Me Coffee&Tea · 6068 Number 3 Road167 m

Grocery (5+)

  • Freshnote Market · 8211 Westminster Highway298 m
  • Grand Value Asian Supermarket · 8251 Westminster Highway319 m
  • PriceSmart Foods · 8200 Ackroyd Road326 m
  • Lee Men Grocery · 8260 Westminster Highway331 m
  • Happy Veggie World · 8291 Ackroyd Road390 m

Parks (2)

  • Lang (Saba/Buswell) Park · 8211 Saba Road339 m
  • Minoru Park672 m

Shopping (5+)

  • London Plaza23 m
  • CF Richmond Centre · 6551 Number 3 Road370 m
  • Muji · 6551 Number 3 Road499 m
  • Winners631 m
  • Winners653 m

Gyms (5+)

  • Raincity Boxing & Fitness453 m
  • Overdrive Athletic Club488 m
  • F45 Training498 m
  • Hyperoo Boxing Gym520 m
  • Rumble Boxing Studio688 m

Pharmacies (5+)

  • London Drugs · 5971 Number 3 Road29 m
  • Ackroyd Pharmacy · 8100 Ackroyd Road232 m
  • Shoppers Drug Mart265 m
  • MJ's Pharmacy297 m
  • ChemMart Pharmacy · 8171 Ackroyd Road303 m

Banks & ATMs (5+)

  • Gulf & Fraser39 m
  • TD · 5991 Number 3 Road48 m
  • CIBC · 6011 Number 3 Road79 m
  • Vancity114 m
  • CTBC Bank · 5911 Number 3 Road142 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$500.45
Total monthly cost$4,108.22
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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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