Property Type: DuplexOwnership: Freehold

7251 7271 LOMBARD ROAD

Richmond, BC V7C3M9

$2,199,999

10 bed8 full, 2 half bath6 parking4,788 sqftBuilt 1975
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Property Details

Property & Lot

Sub-type
Duplex
Lot size
10,000 square feet
Frontage
40 feet

Ownership & Fees

Property type
Duplex
Ownership
Freehold
Annual property tax
$7,147.58 (2025)

Interior

Basement
Finished, Unknown, Unknown
Fireplace
None

Parking

Total spaces
6

Listing Information

MLS®
R3114664
Listed
April 22, 2026
Time on market
On the market for 131 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Real Estate Services · Data source: CREA DDF.

Description

First time on the market since 1999, this rare duplex offers exceptional flexibility for both families and investors. Situated on a generous 10,000 square ft lot, this 4,788 square ft property features a total of 10 bedrooms and 8 bathrooms. Each side offers 3 bedrooms and 2 bathrooms upstairs, along with a legal 2-bedroom suite below-ideal for multi-generational living or generating strong rental income. Live comfortably in one side (or just the upper level) while renting out the remaining units. Located in a quiet, family-friendly neighbourhood with future subdivision potential, just minutes to Richmond Centre, Steveston Village, top-rated schools, parks, and YVR. A unique opportunity to own a versatile property with built-in income in one of Richmond´s most desirable areas. (id:63159)

Values & Trends

This listing

$459/sqft

Building average

No other active listings in this building

Richmond average

$850/sqft

26 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.

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

19

2/9 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
Donald E McKay ElementaryElementary175 m
J.N. Burnett SecondarySecondary502 m
Archibald Blair ElementaryElementary627 m
R M Grauer ElementaryElementary765 m
des NavigateursElementary992 m
James Thompson ElementaryElementary1.3 km
Blundell ElementaryElementary1.3 km
Quilchena ElementaryElementary1.4 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
Southbound Railway Ave @ Linfield Gate198 m
Northbound Railway Ave @ Linfield Gate206 m
Southbound Railway Ave @ Granville Ave315 m
Eastbound Granville Ave @ Railway Ave321 m
Northbound Railway Ave @ Lancing Rd325 m

Nearby Places

Restaurants (1)

  • Sushi Lovers492 m

Parks (4)

  • McKay Park166 m
  • Railway Granville Bike Park353 m
  • Thompson/Burnett Community Park · 5151 Granville Avenue434 m
  • Morris Neighbourhood Park624 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($440,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,759,999.00
Periodic payment — Principal & Interest (monthly)$11,354.92
Additional monthly expenses (strata, tax, utilities, etc.)$834.63
Total monthly cost$12,189.55
Interest paid over 5-yr term$504,420.77
Balance at end of term$1,583,124.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$440,000
Stress test qualifying rate8.09%
Payment you must qualify for$13,533.78

Cash Needed at Closing

Minimum down payment$440,000
Estimated BC PTT$44,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$485,500

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.

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