Property Type: Land / LotOwnership: FreeholdNEW LISTING

7320 ARMSTRONG STREET

Richmond, BC V6Y0J1

$1,098,000

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Property Details

Property & Lot

Lot size
4,370 square feet
Frontage
37 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$4,650.07 (2025)

Interior

Fireplace
None

Listing Information

MLS®
R3159513
Listed
August 27, 2026
Time on market
On the market for 4 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Fully Serviced Building Lot in Central Richmond close to Garden City Park. Excellent opportunity for building your dream home or for builders. Can build single family home or a multiplex. All services at the property line and paid for by the developer. Earthwork done and ready to start building. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Richmond average

$1,493/sqft

5 active listing(s)

Parking: Not indicatedStorage 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

Mostly Cloudy

18°C

Mostly Cloudy

Humidity 93%

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

30

7/9 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 SecondarySecondary507 m
Henry Anderson ElementaryElementary672 m
Garden City ElementaryElementary882 m
William Cook ElementaryElementary983 m
R C Palmer SecondaryElementary986 m
Howard De Beck ElementaryElementary1.0 km
General Currie ElementaryElementary1.1 km
St Paul School(Independent)Elementary1.3 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 No. 4 Rd @ General Currie Rd312 m
Northbound No. 4 Rd @ 7400 Block317 m
Eastbound Granville Ave @ Bridge St352 m
Westbound Granville Ave @ Ash St389 m
Westbound Granville Ave @ 9700 Block395 m

Nearby Places

Restaurants (5+)

  • Uncle Sal's Shawarma · 9040 Blundell Road698 m
  • DAAN Korean Cuisine · 9040 Blundell Road699 m
  • Royal Seafood Restaurant · 8040 Garden City Road704 m
  • Sushi Aria · 9040 Blundell Road715 m
  • Bubble Waffle Cafe · 9040 Blundell Road742 m

Cafes (4)

  • Blenz Coffee · 9040 Blundell Road697 m
  • Chatime · 9100 Blundell Road764 m
  • Azure Play Cafe · 9100 Garden City Road772 m
  • Jane's Tea Garden · 8780 Blundell Road795 m

Grocery (1)

  • Save-On-Foods · 9100 Blundell Road704 m

Parks (3)

  • Paulik Neighbourhood Park · 7620 Heather Street318 m
  • MacNeill Neighbourhood School Park511 m
  • Garden City Community Park587 m

Gyms (1)

  • Fit4Less · 9100 Garden City Road776 m

Pharmacies (2)

  • Shoppers Drug Mart · 9100 Blundell Road730 m
  • HealthCare Pharmacy · 8780 Blundell Road771 m

Banks & ATMs (1)

  • CIBC · 9100 Blundell Road617 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$878,400.00
Periodic payment — Principal & Interest (monthly)$5,667.14
Additional monthly expenses (strata, tax, utilities, etc.)$387.51
Total monthly cost$6,054.64
Interest paid over 5-yr term$251,751.96
Balance at end of term$790,123.64

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,800
Stress test qualifying rate8.09%
Payment you must qualify for$7,791.15

Cash Needed at Closing

Minimum down payment$84,800
Estimated BC PTT$19,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,260

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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