Property Type: Condo / ApartmentOwnership: Strata

611 7488 LANSDOWNE ROAD

Richmond, BC V7C0B9

$519,000

1 bed1 bath1 parking580 sqftBuilt 2017
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Amenities

Gym

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$427/mo
Annual property tax
$1,874.73 (2025)

Interior

Heating
Heat Pump, Forced air
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1

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®
R3156732
Listed
August 18, 2026
Time on market
On the market for 13 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Cadence by Cressey Developments. This 575 square ft 1-bedroom home features engineered hardwood flooring and a signature Cressey kitchen with integrated double refrigerator, gas cooktop, and premium stainless steel appliances. Enjoy year-round comfort with air conditioning and a spa-inspired bathroom with heated marble tile floors. The bright southeast-facing unit includes 1 parking stall & 1 storage locker. Residents have access to exceptional amenities, including a multi-purpose sports court, steam sauna, and an expansive rooftop garden with clubhouse and BBQ area. Ideally located steps to the Olympic Oval, T&T Supermarket, Shoppers Drug Mart, TD and BMO, fitness centres, shops, restaurants, and professional services. Walking distance to Lansdowne Mall and SkyTrain. (id:63159)

Values & Trends

This listing

$895/sqft

Building average

$871/sqft

2 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

74

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 StretchElementary504 m
Samuel Brighouse ElementaryElementary823 m
Maple Hill School(Independent)Secondary1.4 km
Richmond SecondaryElementary1.4 km
William Cook ElementaryElementary1.6 km
Archibald Blair ElementaryElementary1.7 km
City Vancouver Academy(Independent)Secondary1.8 km
General Currie ElementaryElementary1.9 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
Northbound Gilbert Rd @ Elmbridge Way112 m
Westbound Elmbridge Way @ Gilbert Rd128 m
Southbound Gilbert Rd @ Elmbridge Way164 m
Westbound Elmbridge Way @ Alderbridge Way239 m
Eastbound Lansdowne Rd @ Cedarbridge Way240 m

Nearby Places

Restaurants (5+)

  • Sing Cafe Fusion Style · 7488 Lansdowne Road15 m
  • Dinesty Dumpling House · 5555 Gilbert Road70 m
  • JJang Korean BBQ and Social House · 5668 Hollybridge Way78 m
  • Freshii · 5668 Hollybridge Way88 m
  • Sushi Mura · 5508 Hollybridge Way116 m

Cafes (5+)

  • Penguin Bros. · 7488 Lansdowne Road37 m
  • Lattea · 5555 Gilbert Road53 m
  • Big Rock Café60 m
  • CoCo Fresh Tea & Juice · 6699 River Road212 m
  • Time Out Cafe418 m

Grocery (1)

  • Izumiya Japanese Marketplace · 7971 Alderbridge Way737 m

Parks (5+)

  • Unnamed166 m
  • Unnamed353 m
  • Unnamed354 m
  • Oval Riverside Plaza494 m
  • Middle Arm Waterfront Greenway · 7411 River Road653 m

Shopping (1)

  • London Plaza714 m

Gyms (5+)

  • Fitness World · 7468 Lansdowne Road51 m
  • Rumble Boxing Studio181 m
  • Atomic Jiujitsu182 m
  • Burning Hormone Peachfit · 6888 River Road223 m
  • Overdrive Athletic Club246 m

Pharmacies (5+)

  • Shoppers Drug Mart98 m
  • Oval Integrative Pharmacy320 m
  • Medicine Centre510 m
  • Minoru Pharmacy · 7380 Westminster Highway531 m
  • London Drugs · 5971 Number 3 Road736 m

Banks & ATMs (5+)

  • TD · 140-7488 Lansdowne Road14 m
  • BMO · 165-6971 Elmbridge Way152 m
  • Scotiabank · 6688 River Road204 m
  • National Bank · 5811 Number 3 Road686 m
  • Gulf & Fraser698 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.2% ($26,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$415,200.00
Periodic payment — Principal & Interest (monthly)$2,678.73
Additional monthly expenses (strata, tax, utilities, etc.)$612.23
Total monthly cost$3,290.96
Interest paid over 5-yr term$118,997.51
Balance at end of term$373,473.74

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$26,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,784.08

Cash Needed at Closing

Minimum down payment$26,900
Estimated BC PTT$8,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$36,780

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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