Property Type: Condo / ApartmentOwnership: Strata

724 7831 WESTMINSTER HIGHWAY

Richmond, BC V6X4J4

$678,000

2 bed2 bath1 parking890 sqftBuilt 2003
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Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$495/mo
Annual property tax
$2,302.68 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Exterior & Lot

View
View
Pool
Indoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3136852
Listed
June 17, 2026
Time on market
On the market for 76 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Crest Realty · Data source: CREA DDF.

Description

Beautiful bright and well maintained with BRAND NEW GLEAMING EUROPEAN LAMINATE FLOOR close to everything. Right across of Richmond Centre, and next to London Drugs. Steps to Lansdowne Mall, Price Smart, Minoru Park and Community Centre, Brighouse Skytrain Station, supermarkets, banks, recreation facilities and more. It is just a few minutes to the airport, Olympic Oval and the River Road dyke trails. This unit is a well maintained 2 bedroom + 2 bath, close to 900 sfqt. Features include functional layout , kitchen cabinets, composite stone counter-top. Resort-like amenities include large exercise room, club house with media room, guest suite, outdoor pool, sauna and hot tub. Comes with 1 parking stall and 1 locker storage. Don't wait! (id:63159)

Values & Trends

This listing

$762/sqft

Building average

$747/sqft

5 active listing(s)

Richmond average

$802/sqft

869 active listing(s)

Parking: 1 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.

Apartment Market Stats — Richmond

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

MLS® HPI Benchmark Price

$639,700

Jul 2026

Average Sale Price

$604,327

Jul 2026

Monthly Sales

92

Jul 2026

Active Listings

956

Jul 2026

Sales-to-Active Ratio

10.0%

Jul 2026

Median Days to Contract

38 days

Jul 2026

MLS® HPI Benchmark Price

$762,600
$625,400
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

78

8/9 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
Station StretchElementary611 m
William Cook ElementaryElementary941 m
Samuel Brighouse ElementaryElementary947 m
Richmond SecondaryElementary1.0 km
General Currie ElementaryElementary1.4 km
Henry Anderson ElementaryElementary1.5 km
Maple Hill School(Independent)Secondary1.5 km
City Vancouver Academy(Independent)Secondary1.7 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
Eastbound Westminster Hwy @ Minoru Blvd61 m
Westbound Westminster Hwy @ No. 3 Rd99 m
Northbound Minoru Blvd @ Westminster Hwy101 m
Southbound Minoru Blvd @ Westminster Hwy156 m
Southbound No. 3 Rd @ Westminster Hwy166 m

Nearby Places

Restaurants (5+)

  • Shanghai River Restaurant · 7831 Westminster Highway7 m
  • Tasty BBQ & Beer Bar52 m
  • Mui Garden · 5960 Minoru Boulevard86 m
  • Kirin Seafood Restaurant · 7900 Westminster Highway94 m
  • Parkhill Seafood Restaurant · 7997 Westminster Highway97 m

Cafes (5+)

  • Waves Coffee House · 5951 Number 3 Road141 m
  • theVenti · 105-6011 Number 3 Road151 m
  • He Made Dessert · 5951 Number 3 Road158 m
  • Milka · 6111 Number 3 Road204 m
  • Me Coffee&Tea · 6068 Number 3 Road223 m

Grocery (5+)

  • Freshnote Market · 8211 Westminster Highway386 m
  • Grand Value Asian Supermarket · 8251 Westminster Highway408 m
  • PriceSmart Foods · 8200 Ackroyd Road414 m
  • Lee Men Grocery · 8260 Westminster Highway416 m
  • Happy Veggie World · 8291 Ackroyd Road472 m

Parks (2)

  • Lang (Saba/Buswell) Park · 8211 Saba Road415 m
  • Minoru Park604 m

Shopping (5+)

  • London Plaza89 m
  • CF Richmond Centre · 6551 Number 3 Road356 m
  • Muji · 6551 Number 3 Road489 m
  • Winners679 m
  • Winners703 m

Gyms (5+)

  • Raincity Boxing & Fitness390 m
  • Overdrive Athletic Club416 m
  • F45 Training444 m
  • Hyperoo Boxing Gym499 m
  • Rumble Boxing Studio607 m

Pharmacies (5+)

  • London Drugs · 5971 Number 3 Road112 m
  • Minoru Pharmacy · 7380 Westminster Highway221 m
  • Shoppers Drug Mart274 m
  • Ackroyd Pharmacy · 8100 Ackroyd Road319 m
  • MJ's Pharmacy381 m

Banks & ATMs (5+)

  • Gulf & Fraser50 m
  • TD · 5991 Number 3 Road134 m
  • CIBC · 6011 Number 3 Road143 m
  • CTBC Bank · 5911 Number 3 Road193 m
  • Vancity202 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 6.3% ($42,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$542,400.00
Periodic payment — Principal & Interest (monthly)$3,499.38
Additional monthly expenses (strata, tax, utilities, etc.)$731.50
Total monthly cost$4,230.88
Interest paid over 5-yr term$155,453.40
Balance at end of term$487,890.55

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$42,800
Stress test qualifying rate8.09%
Payment you must qualify for$4,884.47

Cash Needed at Closing

Minimum down payment$42,800
Estimated BC PTT$11,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$55,860

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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