Property Type: Condo / ApartmentOwnership: Strata

703 5788 GILBERT ROAD

Richmond, BC V6X1B7

$1,098,000

3 bed2 bath2 parking1,061 sqftBuilt 2022
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Amenities

Gym

Also listed: Guest Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$710/mo
Annual property tax
$3,434.35 (2023)

Interior

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

Exterior & Lot

View
View

Parking

Total spaces
2

Listing Information

MLS®
R3077889
Listed
January 9, 2026
Time on market
On the market for 234 days
Tax assessment year
2023
Data last synced
August 28, 2026

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

Description

SW Corner 3 bedroom 2 bath Home with Over 1000 sqft covered PATIO in Richmond's most iconic building, CASCADE CITY by Landa Global, designed by renowned Rafii Architects & Arno Matis. Bright, open layout with plenty of windows for natural light; A/C, Miele appliance package + engineered hardwood floors throughout. Surrounded by restaurants, shops and services. Richmond Centre, Aberdeen Centre + YVR airport all a short drive away! Easy to get downtown with Canada Line nearby. Amenities incl. exclusive 3,000sf double-height Fitness Centre, Guest Suite, multi-functional Club Lounge, lushly landscaped 25,000sf podium-level outdoor space + much more. 2 Parking & Locker Included! Brand New and Ready to Move-in. Don't miss out - Call for more information! (id:63159)

Values & Trends

This listing

$1,035/sqft

Building average

$1,023/sqft

4 active listing(s)

Richmond average

$801/sqft

869 active listing(s)

Parking: 2 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 ElementaryElementary601 m
Station StretchElementary670 m
Richmond SecondaryElementary1.2 km
William Cook ElementaryElementary1.5 km
Archibald Blair ElementaryElementary1.6 km
Maple Hill School(Independent)Secondary1.6 km
General Currie ElementaryElementary1.8 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 Way73 m
Northbound Gilbert Rd @ Elmbridge Way119 m
Westbound Elmbridge Way @ Gilbert Rd130 m
Eastbound Westminster Hwy @ Gilbert Rd187 m
Westbound Elmbridge Way @ Alderbridge Way198 m

Nearby Places

Restaurants (5+)

  • Dinesty Dumpling House · 5555 Gilbert Road159 m
  • Freshii · 5668 Hollybridge Way205 m
  • Free Bird Table & Bar · 5991 Alderbridge Way211 m
  • JJang Korean BBQ and Social House · 5668 Hollybridge Way217 m
  • Sing Cafe Fusion Style · 7488 Lansdowne Road221 m

Cafes (5+)

  • Lattea · 5555 Gilbert Road176 m
  • Penguin Bros. · 7488 Lansdowne Road220 m
  • Big Rock Café287 m
  • CoCo Fresh Tea & Juice · 6699 River Road392 m
  • Time Out Cafe469 m

Parks (5+)

  • Unnamed261 m
  • Unnamed486 m
  • Unnamed540 m
  • Brighouse Neighbourhood School Park558 m
  • Oval Riverside Plaza587 m

Shopping (2)

  • London Plaza684 m
  • CF Richmond Centre · 6551 Number 3 Road800 m

Gyms (5+)

  • Rumble Boxing Studio48 m
  • Fitness World · 7468 Lansdowne Road220 m
  • Overdrive Athletic Club249 m
  • Raincity Boxing & Fitness323 m
  • Atomic Jiujitsu341 m

Pharmacies (5+)

  • Shoppers Drug Mart133 m
  • Medicine Centre282 m
  • Minoru Pharmacy · 7380 Westminster Highway422 m
  • Oval Integrative Pharmacy423 m
  • London Drugs · 5971 Number 3 Road708 m

Banks & ATMs (5+)

  • BMO · 165-6971 Elmbridge Way190 m
  • TD · 140-7488 Lansdowne Road216 m
  • Scotiabank · 6688 River Road430 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: 7.7% ($84,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$878,400.00
Periodic payment — Principal & Interest (monthly)$5,667.14
Additional monthly expenses (strata, tax, utilities, etc.)$1,049.57
Total monthly cost$6,716.70
Interest paid over 5-yr term$251,751.96
Balance at end of term$790,123.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,800
Stress test qualifying rate8.09%
Payment you must qualify for$7,791.15

Cash Needed at Closing

Minimum down payment$84,800
Estimated BC PTT$19,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,260

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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