Property Type: Detached HouseOwnership: Freehold

7151 FRANCIS ROAD

Richmond, BC V6Y1A1

$1,890,000

3 bed3 bath6 parking2,511 sqftBuilt 1974
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Property Details

Property & Lot

Sub-type
House
Lot size
11,055 square feet
Frontage
0 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,093.27 (2025)

Interior

Heating
Forced air, Natural gas
Fireplace
Yes (2)

Parking

Total spaces
6

Listing Information

MLS®
R3136408
Listed
June 16, 2026
Time on market
On the market for 76 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Nu Stream Realty Inc. · Data source: CREA DDF.

Description

Attention investors! Potential townhouse site. This property is located in a central area with easy access to schools and shopping. The lot is over 11,000 sq.ft. with good frontage. The real value of this property lies in its potential for development. With the lot size, it's possible to build a new home of up to 4500 sq.ft. This makes it an ideal location for townhouses or a large family home. Imagine the possibilities! Don't miss out on this fantastic investment opportunity. Contact us today to learn more and to schedule a viewing of the property. (id:63159)

Values & Trends

This listing

$753/sqft

Building average

No other active listings in this building

Richmond average

$808/sqft

621 active listing(s)

Parking: 6 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

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

15

3/9 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
W D Ferris ElementaryElementary591 m
John T Errington ElementaryElementary632 m
Errington Learning CentreElementary632 m
Blundell ElementaryElementary733 m
Steveston-London SecondaryElementary902 m
St Paul School(Independent)Elementary1.1 km
Maple Lane ElementaryElementary1.2 km
des NavigateursElementary1.3 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 @ Francis Rd142 m
Southbound Gilbert Rd @ Francis Rd168 m
Southbound Gilbert Rd @ 8600 Block198 m
Northbound Gilbert Rd @ 8600 Block219 m
Northbound Gilbert Rd @ Broadmoor Blvd286 m

Nearby Places

Restaurants (1)

  • Pizza Hut · 8980 Number 3 Road709 m

Parks (5+)

  • Marrington Neighbourhood Park291 m
  • Ferris Neighbourhood School Park · 7520 Sunnymede Crescent606 m
  • Errington Neighbourhood Park644 m
  • Park Lane Neighbourhood Park708 m
  • Blundell Park · 6480 Blundell Road773 m

Pharmacies (1)

  • HealthPlus Pharmacy · 8980 Number 3 Road709 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($378,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,512,000.00
Periodic payment — Principal & Interest (monthly)$9,754.91
Additional monthly expenses (strata, tax, utilities, etc.)$717.11
Total monthly cost$10,472.02
Interest paid over 5-yr term$433,343.55
Balance at end of term$1,360,048.89

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$378,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,626.75

Cash Needed at Closing

Minimum down payment$378,000
Estimated BC PTT$35,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$415,300

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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