Property Type: Detached HouseOwnership: Freehold

7311 BELAIR DRIVE

Richmond, BC V7A1B4

$2,468,000

8 bed5 bath8 parking4,338 sqftBuilt 1993
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Amenities

Also listed: Laundry - In Suite

Property Details

Property & Lot

Sub-type
House
Lot size
8,119 square feet
Frontage
66 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$8,329.25 (2025)

Interior

Heating
Radiant heat, Natural gas, Hot Water
Fireplace
Yes (2)

Parking

Total spaces
8 — covered indicated
Features
Garage, RV

Listing Information

MLS®
R3132570
Listed
June 5, 2026
Time on market
On the market for 88 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Located on a quiet inside street in Richmond's desirable Broadmoor neighbourhood, this well-maintained home sits on a rectangular 8,000+ sq.ft. north-south facing lot. Functional layout with multiple bedrooms, including main floor bedrooms & full bath-ideal for extended family or guests. Grand foyer with high ceilings, skylights and dual staircases offers abundant natural light and added privacy. Licensed B&B operation provides excellent mortgage-helper. Low-maintenance concrete front and backyard. Errington Elementary catchment, Steveston-London & McRoberts Secondary. Updates include flooring (2017), on-demand hot water system, and select appliances replaced in 2024. Excellent opportunity for both homeowners and investors. (id:63159)

Values & Trends

This listing

$569/sqft

Building average

No other active listings in this building

Richmond average

$809/sqft

621 active listing(s)

Parking: 8 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

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
John T Errington ElementaryElementary331 m
Errington Learning CentreElementary331 m
Steveston-London SecondaryElementary584 m
Maple Lane ElementaryElementary843 m
W D Ferris ElementaryElementary941 m
Blundell ElementaryElementary1.0 km
St Paul School(Independent)Elementary1.3 km
William Bridge ElementaryElementary1.3 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
Southbound Gilbert Rd @ Broadmoor Blvd168 m
Northbound Gilbert Rd @ Broadmoor Blvd180 m
Northbound Gilbert Rd @ Gilhurst Gate193 m
Southbound Gilbert Rd @ Woodwards Rd261 m
Southbound Gilbert Rd @ Francis Rd338 m

Nearby Places

Restaurants (1)

  • Pizza Hut · 8980 Number 3 Road795 m

Parks (4)

  • Errington Neighbourhood Park322 m
  • Marrington Neighbourhood Park578 m
  • Park Lane Neighbourhood Park601 m
  • Unnamed663 m

Pharmacies (2)

  • Shoppers Drug Mart · 7820 Williams Road759 m
  • HealthPlus Pharmacy · 8980 Number 3 Road789 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($493,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,974,400.00
Periodic payment — Principal & Interest (monthly)$12,738.16
Additional monthly expenses (strata, tax, utilities, etc.)$911.10
Total monthly cost$13,649.26
Interest paid over 5-yr term$565,868.72
Balance at end of term$1,775,979.19

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$493,600
Stress test qualifying rate8.09%
Payment you must qualify for$15,182.44

Cash Needed at Closing

Minimum down payment$493,600
Estimated BC PTT$52,040
Legal / closing costs (typical estimate)$1,500
Total cash needed$547,140

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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