7340 SCHAEFER AVENUE
Richmond, BC V6Y2X7
$1,799,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 7,020 square feet
- Frontage
- 60 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,675.53 (2025)
Interior
- Heating
- Forced air
- Fireplace
- Yes (1)
- Appliances
- All
Building
- Parcel ID (PID)
- 003-899-152
Parking
- Total spaces
- 4 — covered indicated
- Features
- Garage
Listing Information
- MLS®
- R3154272
- Listed
- August 10, 2026
- Time on market
- On the market for 21 days
- Tax assessment year
- 2025
- Data last synced
- August 29, 2026
Listing provided by: Grand Central Realty · Data source: CREA DDF.
Description
Exceptional opportunity in the highly sought-after Broadmoor neighbourhood! Situated on a quiet 60' x 117' lot with a sunny south-facing backyard, this property offers excellent redevelopment potential for builders, investors, or families looking to build their dream home. Zoned RSM/L with Small-Scale Multi-Unit Housing potential (Buyer to verify with the City of Richmond). The existing 4-bedroom, 3-bathroom home, requires significant TLC and is being sold as is, where is. Conveniently located just a 5-minute walk to transit and a 3 minute drive to Richlea Shopping Centre, Broadmoor Village, South Arm Community Centre, groceries, restaurants, and amenities. Located within the desirable Ferris Elementary and Richmond Secondary catchments, this is a rare opportunity in a prime location. (id:63159)
Values & Trends
This listing
$790/sqft
Building average
—
No other active listings in this building
Richmond average
$808/sqft
621 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
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
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
| School | Type | Distance |
|---|---|---|
| W D Ferris Elementary | Elementary | 534 m |
| John T Errington Elementary | Elementary | 669 m |
| Errington Learning Centre | Elementary | 669 m |
| Blundell Elementary | Elementary | 716 m |
| Steveston-London Secondary | Elementary | 962 m |
| St Paul School(Independent) | Elementary | 1.1 km |
| Maple Lane Elementary | Elementary | 1.2 km |
| des Navigateurs | Elementary | 1.4 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
| Stop | Type | Distance |
|---|---|---|
| Northbound Gilbert Rd @ Francis Rd | — | 179 m |
| Southbound Gilbert Rd @ 8600 Block | — | 203 m |
| Northbound Gilbert Rd @ 8600 Block | — | 210 m |
| Southbound Gilbert Rd @ Francis Rd | — | 221 m |
| Southbound Gilbert Rd @ Lucas Rd | — | 343 m |
Nearby Places
Restaurants (1)
- Pizza Hut · 8980 Number 3 Road676 m
Parks (5+)
- Marrington Neighbourhood Park233 m
- Ferris Neighbourhood School Park · 7520 Sunnymede Crescent549 m
- Errington Neighbourhood Park685 m
- Blundell Park · 6480 Blundell Road759 m
- Park Lane Neighbourhood Park765 m
Pharmacies (1)
- HealthPlus Pharmacy · 8980 Number 3 Road677 m
Nearby places data: © OpenStreetMap contributors.
School district: Richmond (SD38)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($359,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.