Property Type: Detached HouseOwnership: Freehold

7431 NO. 2 ROAD

Richmond, BC V7C3L7

$2,344,400

4 bed3 bath6 parking2,800 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
House
Lot size
5,861 square feet
Frontage
39.1 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,223.92 (2024)

Interior

Heating
Natural gas
Fireplace
Yes (2)

Parking

Total spaces
6 — covered indicated
Features
Garage

Listing Information

MLS®
R3080586
Listed
January 19, 2026
Time on market
On the market for 224 days
Tax assessment year
2024
Data last synced
August 28, 2026

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

Description

This property is part of a LAND ASSEMBLY. 5,861 square ft LOT (39.86 x 147.41) with a 4 bed/3 bath family home. Located in this PRIME, CENTRAL location between Granville Avenue and Blundell Road. Large, fenced yard with West views and lots of exterior parking on concrete driveway plus 2-car garage. Close to shopping, transit and indoor & outdoor recreation. This property has recently been rezoned to RSM/L. (id:63159)

Values & Trends

This listing

$837/sqft

Building average

No other active listings in this building

Richmond average

$808/sqft

621 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.

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

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

41

6/9 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 ElementaryElementary413 m
Blundell ElementaryElementary770 m
Archibald Blair ElementaryElementary891 m
des NavigateursElementary893 m
J.N. Burnett SecondarySecondary922 m
Samuel Brighouse ElementaryElementary1.1 km
R M Grauer ElementaryElementary1.2 km
W D Ferris ElementaryElementary1.2 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 Blundell Rd @ No. 2 Rd359 m
Westbound Blundell Rd @ Cheviot Place384 m
Eastbound Blundell Rd @ Cheviot Place438 m
Eastbound Granville Ave @ No. 2 Rd445 m
Northbound No. 2 Rd @ Blundell Rd465 m

Nearby Places

Restaurants (5+)

  • LA Grill and Bistro421 m
  • Uno Beef Noodle540 m
  • Sushi Han · 8180 Number 2 Road557 m
  • Bamboo Express · Number 2 Road560 m
  • Otaru Japanese Kitchen569 m

Cafes (3)

  • Polar Bear Sweet House · 6060 Blundell Road423 m
  • Starbucks437 m
  • CoCo Fresh Tea & Juice450 m

Grocery (1)

  • FreshCo · 6140 Blundell Road433 m

Parks (4)

  • Garatt Park400 m
  • McKay Park437 m
  • Blundell Park · 6480 Blundell Road728 m
  • Thompson/Burnett Community Park · 5151 Granville Avenue741 m

Pharmacies (1)

  • Shoppers Drug Mart568 m

Banks & ATMs (3)

  • Vancity · 6020 Blundell Road376 m
  • TD464 m
  • BMO · 8180 Number 2 Road553 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($468,880) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,875,520.00
Periodic payment — Principal & Interest (monthly)$12,100.22
Additional monthly expenses (strata, tax, utilities, etc.)$575.33
Total monthly cost$12,675.55
Interest paid over 5-yr term$537,529.42
Balance at end of term$1,687,036.31

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$468,880
Stress test qualifying rate8.09%
Payment you must qualify for$14,422.09

Cash Needed at Closing

Minimum down payment$468,880
Estimated BC PTT$48,332
Legal / closing costs (typical estimate)$1,500
Total cash needed$518,712

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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