Property Type: Detached HouseOwnership: Freehold

7195 NO. 4 ROAD

Richmond, BC V6Y2T4

$4,500,000

4 bed3 bath10 parking2,825 sqftBuilt 1986
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
21,172 square feet
Frontage
63 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$16,551.77 (2025)

Interior

Heating
Baseboard heaters, Hot Water
Fireplace
Yes (2)

Parking

Total spaces
10 — covered indicated
Features
Garage

Listing Information

MLS®
R3091233
Listed
February 18, 2026
Time on market
On the market for 194 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Investor Alert! 1/2 acre rezoning house. Rezoning is in process. Located in an up-and-coming neighborhood with many new homes nearby, this property offers great potential for investment. Currently, the property features 4 spacious and bright bedrooms with an excellent layout, perfect for a multi-generational family. Situated in a prime location in East Vancouver, this home is close to major roads, parks, schools, and transit, yet remains a quiet and convenient place. (id:63159)

Values & Trends

This listing

$1,593/sqft

Building average

No other active listings in this building

Richmond average

$807/sqft

621 active listing(s)

Parking: 10 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

Mainly Clear

15°C

Mainly Clear

Humidity 100%

Wind ESE 13 km/h

Today

21°

Tonight

16°

Wednesday

19°

Wednesday night

14°

Thursday

18°

Thursday night

13°

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

7

1/9 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
A.R. MacNeill SecondarySecondary392 m
Henry Anderson ElementaryElementary632 m
William Cook ElementaryElementary1.1 km
Garden City ElementaryElementary1.2 km
Howard De Beck ElementaryElementary1.2 km
R C Palmer SecondaryElementary1.3 km
General Currie ElementaryElementary1.4 km
St Paul School(Independent)Elementary1.6 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 No. 4 Rd @ Granville Ave154 m
Westbound Granville Ave @ 9700 Block211 m
Eastbound Granville Ave @ Bridge St238 m
Northbound No. 4 Rd @ 7400 Block274 m
Southbound No. 4 Rd @ General Currie Rd293 m

Nearby Places

Parks (4)

  • MacNeill Neighbourhood School Park444 m
  • Paulik Neighbourhood Park · 7620 Heather Street612 m
  • Garden City Community Park653 m
  • Birch Neighbourhood Park798 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($900,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,600,000.00
Periodic payment — Principal & Interest (monthly)$23,225.98
Additional monthly expenses (strata, tax, utilities, etc.)$1,520.31
Total monthly cost$24,746.29
Interest paid over 5-yr term$1,031,770.35
Balance at end of term$3,238,211.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$900,000
Stress test qualifying rate8.09%
Payment you must qualify for$27,682.74

Cash Needed at Closing

Minimum down payment$900,000
Estimated BC PTT$143,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,044,500

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.

Request more information