Property Type: Condo / ApartmentOwnership: Strata

708 7468 LANSDOWNE ROAD

Richmond, BC V7C4N3

$728,000

2 bed2 bath1 parking833 sqftBuilt 2017
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Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$617/mo
Annual property tax
$2,580.53 (2025)

Interior

Heating
Heat Pump, Radiant heat
Cooling / A/C
Air Conditioned
Fireplace
None

Exterior & Lot

View
View

Parking

Total spaces
1

Restrictions & Policies

Pets
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®
R3115996
Listed
April 27, 2026
Time on market
On the market for 126 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty Westmar · Data source: CREA DDF.

Description

Welcome to CADENCE by Cressey Development. This NORTH EAST facing Corner unit features open and functional layout full out with tons natural lights, 2 good sized bedroom, 2 bath with radiant floor, gourmet kitchen equipped with high-end appliances, quartz countertop, gas stove. A/C and heat pump for cooling and heating system. Excellent location on quiet side of the complex and possess stunning mountain peak and garden views. 1 locker and 1 parking with EV charger station. Great amenities include club house, Steam room. Multipurpose room, meeting room and Concierge. Central located in Richmond Oval community, steps to restaurants, bank, Shoppers Drug Mart, Rona, walking distance to River Front and skytrain Lansdowne station and easy access to Vancouver downtown and YVR. (id:63159)

Values & Trends

This listing

$874/sqft

Building average

No other active listings in this building

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

70

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
Station StretchElementary604 m
Samuel Brighouse ElementaryElementary749 m
Richmond SecondaryElementary1.4 km
Maple Hill School(Independent)Secondary1.5 km
Archibald Blair ElementaryElementary1.6 km
William Cook ElementaryElementary1.7 km
J.N. Burnett SecondarySecondary1.9 km
City Vancouver Academy(Independent)Secondary1.9 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
Westbound Elmbridge Way @ Gilbert Rd54 m
Northbound Gilbert Rd @ Elmbridge Way108 m
Southbound Gilbert Rd @ Elmbridge Way111 m
Westbound River Rd @ Hollybridge Way267 m
Westbound Elmbridge Way @ Alderbridge Way277 m

Nearby Places

Restaurants (5+)

  • Freshii · 5668 Hollybridge Way23 m
  • JJang Korean BBQ and Social House · 5668 Hollybridge Way38 m
  • Dinesty Dumpling House · 5555 Gilbert Road70 m
  • Sing Cafe Fusion Style · 7488 Lansdowne Road86 m
  • Sushi Mura · 5508 Hollybridge Way102 m

Cafes (5+)

  • Penguin Bros. · 7488 Lansdowne Road67 m
  • Lattea · 5555 Gilbert Road74 m
  • Big Rock Café139 m
  • CoCo Fresh Tea & Juice · 6699 River Road208 m
  • Time Out Cafe342 m

Parks (5+)

  • Unnamed93 m
  • Unnamed316 m
  • Unnamed357 m
  • Oval Riverside Plaza438 m
  • Middle Arm Waterfront Greenway · 7411 River Road680 m

Shopping (1)

  • London Plaza776 m

Gyms (5+)

  • Fitness World · 7468 Lansdowne Road57 m
  • Rumble Boxing Studio146 m
  • Atomic Jiujitsu158 m
  • YYOGA287 m
  • Burning Hormone Peachfit · 6888 River Road292 m

Pharmacies (5+)

  • Shoppers Drug Mart71 m
  • Oval Integrative Pharmacy264 m
  • Medicine Centre448 m
  • Minoru Pharmacy · 7380 Westminster Highway560 m
  • London Drugs · 5971 Number 3 Road798 m

Banks & ATMs (5+)

  • BMO · 165-6971 Elmbridge Way52 m
  • TD · 140-7488 Lansdowne Road99 m
  • Scotiabank · 6688 River Road265 m
  • Gulf & Fraser756 m
  • National Bank · 5811 Number 3 Road764 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 6.6% ($47,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$582,400.00
Periodic payment — Principal & Interest (monthly)$3,757.45
Additional monthly expenses (strata, tax, utilities, etc.)$873.81
Total monthly cost$4,631.26
Interest paid over 5-yr term$166,917.51
Balance at end of term$523,870.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$47,800
Stress test qualifying rate8.09%
Payment you must qualify for$5,230.50

Cash Needed at Closing

Minimum down payment$47,800
Estimated BC PTT$12,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$61,860

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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