Property Type: Detached HouseOwnership: Freehold

7131 WILLIAMS ROAD

Richmond, BC V7A1E7

$1,750,600

3 bed2 bath5 parking2,172 sqftBuilt 1956
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Property Details

Property & Lot

Sub-type
House
Lot size
8,970 square feet
Frontage
69 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,194.29 (2026)

Interior

Basement
Partial, Unknown, Unknown
Heating
Forced air
Fireplace
Yes (2)

Parking

Total spaces
5 — covered indicated
Features
Carport, RV

Listing Information

MLS®
R3134586
Listed
June 10, 2026
Time on market
On the market for 82 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Saba Realty Ltd. · Data source: CREA DDF.

Description

Rare opportunity to purchase a large 8,970 square ft lot (69' x 130') in a highly desirable Richmond neighborhood. This property offers excellent potential for redevelopment, investment or building your dream home. The existing 2,172 square ft residence built in 1956 features - 3 bedrooms, 1.5 bathrooms and basement had potential for further developed. Close to elementary school (John T. Errington), high school (Steveston-London Secondary), Broadmoor shopping central and transit. A fantastic chance to secure a sizeable lot in an established family-friendly community with strong long-term upside. Buyer to verify all measurements, lot dimensions, zoning and redevelopment potential with the City of Richmond. (id:63159)

Values & Trends

This listing

$806/sqft

Building average

No other active listings in this building

Richmond average

$808/sqft

621 active listing(s)

Parking: 5 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.

Detached (House) Market Stats — Richmond

Monthly figures from the Fraser Valley Real Estate Board for Richmond detached (house)listings — not specific to this property.

MLS® HPI Benchmark Price

$1,911,700

Jul 2026

Average Sale Price

$1,917,898

Jul 2026

Monthly Sales

63

Jul 2026

Active Listings

612

Jul 2026

Sales-to-Active Ratio

10.0%

Jul 2026

Median Days to Contract

27 days

Jul 2026

MLS® HPI Benchmark Price

$2,225,800
$1,911,700
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

30

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
Steveston-London SecondaryElementary291 m
John T Errington ElementaryElementary351 m
Errington Learning CentreElementary351 m
Maple Lane ElementaryElementary468 m
William Bridge ElementaryElementary1.1 km
Jessie Wowk ElementaryElementary1.3 km
Ark Elementary Montessori Reggio School(Independent)Elementary1.4 km
Hugh McRoberts SecondarySecondary1.4 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 Williams Rd @ Deagle Rd60 m
Eastbound Williams Rd @ Gilbert Rd103 m
Eastbound Williams Rd @ Deagle Rd122 m
Northbound Gilbert Rd @ Williams Rd122 m
Southbound Gilbert Rd @ Williams Rd150 m

Nearby Places

Restaurants (5+)

  • Tino's Pizza · 10151 Number 3 Road605 m
  • Hong Kong Flavor Restaurant · 10151 Number 3 Road606 m
  • Steve's Poke Bar · 10111 Number 3 Road614 m
  • Gami Sushi · 10111 Number 3 Road640 m
  • Pho Khang · 10111 Number 3 Road649 m

Cafes (3)

  • DollarBoba · 10111 Number 3 Road608 m
  • CoCo Fresh Tea & Juice · 10151 Number 3 Road617 m
  • Tim Hortons · 8031 Williams Road703 m

Grocery (1)

  • FreshCo · 10151 Number 3 Road614 m

Parks (5+)

  • Errington Neighbourhood Park292 m
  • Unnamed552 m
  • Unnamed · Gilbert Road568 m
  • Maple Lane Neighbourhood School Park · 7671 Alouette Drive569 m
  • Steveston London School Park606 m

Gyms (2)

  • Oxygen Yoga & Fitness · 10151 Number 3 Road619 m
  • Anytime Fitness · 10111 Number 3 Road623 m

Pharmacies (3)

  • Shoppers Drug Mart · 7820 Williams Road572 m
  • FreshCo Pharmacy · 10151 Number 3 Road582 m
  • Pharmasave · 10151 Number 3 Road640 m

Banks & ATMs (2)

  • TD · 10151 Number 3 Road631 m
  • RBC · 10111 Number 3 Road650 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($350,120) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,400,480.00
Periodic payment — Principal & Interest (monthly)$9,035.42
Additional monthly expenses (strata, tax, utilities, etc.)$625.19
Total monthly cost$9,660.61
Interest paid over 5-yr term$401,381.59
Balance at end of term$1,259,736.29

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$350,120
Stress test qualifying rate8.09%
Payment you must qualify for$10,769.20

Cash Needed at Closing

Minimum down payment$350,120
Estimated BC PTT$33,012
Legal / closing costs (typical estimate)$1,500
Total cash needed$384,632

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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