Property Type: Detached HouseOwnership: Freehold

7231 LUCAS ROAD

Richmond, BC V6Y1E8

$1,789,000

3 bed2 bath4 parking1,571 sqftBuilt 1985
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Property Details

Property & Lot

Sub-type
House
Lot size
6,027 square feet
Frontage
50.3 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$6,212.77 (2025)

Interior

Fireplace
Yes (1)

Parking

Total spaces
4 — covered indicated
Features
Garage

Listing Information

MLS®
R3140426
Listed
June 26, 2026
Time on market
On the market for 66 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Luxmore Realty · Data source: CREA DDF.

Description

INVESTORS ALERT! Perfect Square Lot, NO big trees on Lot. Nestled in the prestigious Broadmoor neighbourhood, this well-maintained family home sits on a desirable 6,000 sqft lot with excellent street appeal. Offering 3 bedrooms, 2 bathrooms, and a bright, spacious layout, it's perfect for families, investors, or builders. Whether you're looking to move in, hold as an investment, or build your dream home, this property offers exceptional potential. Conveniently located within the sought-after Richmond Secondary and Ferris Elementary school catchments, and just minutes to Richmond Centre, Canada Line, transit, parks, shopping, and all amenities. (id:63159)

Values & Trends

This listing

$1,139/sqft

Building average

No other active listings in this building

Richmond average

$808/sqft

621 active listing(s)

Parking: 4 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

22

4/9 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 ElementaryElementary182 m
Blundell ElementaryElementary547 m
St Paul School(Independent)Elementary917 m
Errington Learning CentreElementary1.0 km
John T Errington ElementaryElementary1.0 km
Richmond SecondaryElementary1.0 km
General Currie ElementaryElementary1.1 km
R C Palmer SecondaryElementary1.2 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 @ Lucas Rd209 m
Southbound Gilbert Rd @ Lucas Rd236 m
Northbound Gilbert Rd @ 8200 Block257 m
Southbound Gilbert Rd @ 8200 Block260 m
Northbound Gilbert Rd @ 8600 Block316 m

Nearby Places

Restaurants (1)

  • Pizza Hut · 8980 Number 3 Road752 m

Grocery (1)

  • Blundell Market · 7791 Number 3 Road731 m

Parks (3)

  • Ferris Neighbourhood School Park · 7520 Sunnymede Crescent197 m
  • Marrington Neighbourhood Park280 m
  • Blundell Park · 6480 Blundell Road606 m

Pharmacies (1)

  • HealthPlus Pharmacy · 8980 Number 3 Road760 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($357,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,431,200.00
Periodic payment — Principal & Interest (monthly)$9,233.62
Additional monthly expenses (strata, tax, utilities, etc.)$596.73
Total monthly cost$9,830.35
Interest paid over 5-yr term$410,186.03
Balance at end of term$1,287,369.03

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$357,800
Stress test qualifying rate8.09%
Payment you must qualify for$11,005.43

Cash Needed at Closing

Minimum down payment$357,800
Estimated BC PTT$33,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$393,080

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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