Property Type: Condo / ApartmentOwnership: Strata

605 5788 GILBERT ROAD

Richmond, BC V6X1B7

$838,000

2 bed2 bath1 parking869 sqftBuilt 2022
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Amenities

Also listed: Recreation Centre, Guest Suite, Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$621/mo
Annual property tax
$2,915.87 (2025)

Interior

Heating
Forced air
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1 — uncovered indicated
Features
Underground

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®
R3137833
Listed
June 19, 2026
Time on market
On the market for 73 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Luxmore Realty · Data source: CREA DDF.

Description

Experience luxury living at Cascade City, Richmond´s iconic master-planned community by Landa Global, designed by acclaimed Rafii Architects and Arno Matis. This bright and spacious home features an open-concept layout, expansive windows, over 150 sq. ft. of outdoor space, air conditioning, premium Miele appliances, and engineered hardwood flooring throughout. Ideally located near Richmond Centre, Aberdeen Centre, restaurants, shops, and YVR Airport, with easy access to Downtown Vancouver via the Canada Line. Enjoy exceptional amenities, including a 3,000 sq. ft. double-height fitness centre, guest suite, club lounge, and 25,000 sq. ft. landscaped outdoor podium. (id:63159)

Values & Trends

This listing

$964/sqft

Building average

$1,041/sqft

4 active listing(s)

Richmond average

$801/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

67

7/9 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
Samuel Brighouse ElementaryElementary599 m
Station StretchElementary672 m
Richmond SecondaryElementary1.2 km
William Cook ElementaryElementary1.5 km
Archibald Blair ElementaryElementary1.6 km
Maple Hill School(Independent)Secondary1.6 km
General Currie ElementaryElementary1.7 km
J.N. Burnett SecondarySecondary1.8 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
Southbound Gilbert Rd @ Elmbridge Way75 m
Northbound Gilbert Rd @ Elmbridge Way121 m
Westbound Elmbridge Way @ Gilbert Rd132 m
Eastbound Westminster Hwy @ Gilbert Rd185 m
Westbound Elmbridge Way @ Alderbridge Way198 m

Nearby Places

Restaurants (5+)

  • Dinesty Dumpling House · 5555 Gilbert Road161 m
  • Freshii · 5668 Hollybridge Way206 m
  • Free Bird Table & Bar · 5991 Alderbridge Way210 m
  • JJang Korean BBQ and Social House · 5668 Hollybridge Way219 m
  • Sing Cafe Fusion Style · 7488 Lansdowne Road223 m

Cafes (5+)

  • Lattea · 5555 Gilbert Road178 m
  • Penguin Bros. · 7488 Lansdowne Road222 m
  • Big Rock Café289 m
  • CoCo Fresh Tea & Juice · 6699 River Road394 m
  • Time Out Cafe470 m

Parks (5+)

  • Unnamed262 m
  • Unnamed488 m
  • Unnamed542 m
  • Brighouse Neighbourhood School Park556 m
  • Oval Riverside Plaza589 m

Shopping (2)

  • London Plaza683 m
  • CF Richmond Centre · 6551 Number 3 Road799 m

Gyms (5+)

  • Rumble Boxing Studio50 m
  • Fitness World · 7468 Lansdowne Road222 m
  • Overdrive Athletic Club250 m
  • Raincity Boxing & Fitness324 m
  • Atomic Jiujitsu343 m

Pharmacies (5+)

  • Shoppers Drug Mart135 m
  • Medicine Centre280 m
  • Minoru Pharmacy · 7380 Westminster Highway421 m
  • Oval Integrative Pharmacy425 m
  • London Drugs · 5971 Number 3 Road708 m

Banks & ATMs (5+)

  • BMO · 165-6971 Elmbridge Way192 m
  • TD · 140-7488 Lansdowne Road218 m
  • Scotiabank · 6688 River Road432 m
  • Gulf & Fraser656 m
  • National Bank · 5811 Number 3 Road713 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($58,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$670,400.00
Periodic payment — Principal & Interest (monthly)$4,325.19
Additional monthly expenses (strata, tax, utilities, etc.)$907.04
Total monthly cost$5,232.23
Interest paid over 5-yr term$192,138.57
Balance at end of term$603,026.97

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$58,800
Stress test qualifying rate8.09%
Payment you must qualify for$5,991.78

Cash Needed at Closing

Minimum down payment$58,800
Estimated BC PTT$14,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$75,060

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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