Property Type: TownhouseOwnership: Strata

71 11491 7TH AVENUE

Richmond, BC V7E4J5

$850,000

3 bed2 bath2 parking1,269 sqftBuilt 1978
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Frontage
0 feet

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$613/mo
Annual property tax
$2,453.25 (2024)

Interior

Heating
Forced air, Natural gas
Fireplace
None

Exterior & Lot

Pool
Indoor pool

Parking

Total spaces
2

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®
R3045524
Listed
September 9, 2025
Time on market
On the market for 356 days
Tax assessment year
2024
Data last synced
August 28, 2026

Listing provided by: Royal Pacific Realty Corp. · Data source: CREA DDF.

Description

Nicely 2 bed & den townhome with a park like setting. The main living is above with a spacious kitchen, eating area and a south facing living room with a cozy wood burning fireplace (Virtually staged design ideas) spacious patio off living room allows you to enjoy the views of the lagoon, dyke and sunsets. Downstairs has a master bedroom with den along with another bedroom and a four-piece bathroom. It has a fully fenced yard and in suite storage. Complex boasts amenities including Indoor Pool, Hot tub, Club House and a large park! Lord Byng Elementary and McMath Secondary within walking distance. Transit just outside complex. Just a short walk to the Village & Garry Point and the new SaveOnFoods (id:63159)

Values & Trends

This listing

$670/sqft

Building average

$692/sqft

1 active listing(s)

Richmond average

$757/sqft

349 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.

Townhouse Market Stats — Richmond

Monthly figures from the Fraser Valley Real Estate Board for Richmond townhouselistings — not specific to this property.

MLS® HPI Benchmark Price

$1,035,200

Jul 2026

Average Sale Price

$995,218

Jul 2026

Monthly Sales

70

Jul 2026

Active Listings

395

Jul 2026

Sales-to-Active Ratio

18.0%

Jul 2026

Median Days to Contract

24 days

Jul 2026

MLS® HPI Benchmark Price

$1,174,700
$939,500
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

17°C

Clear

Humidity 100%

Wind WNW 13 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.

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($60,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$680,000.00
Periodic payment — Principal & Interest (monthly)$4,387.13
Additional monthly expenses (strata, tax, utilities, etc.)$880.81
Total monthly cost$5,267.94
Interest paid over 5-yr term$194,889.95
Balance at end of term$611,662.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$60,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,074.82

Cash Needed at Closing

Minimum down payment$60,000
Estimated BC PTT$15,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$76,500

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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