Property Type: Detached HouseOwnership: Freehold

7851 BENNETT ROAD

Richmond, BC V6Y1N3

$2,850,000

5 bed2 bath6 parking2,742 sqftBuilt 1955
Get Directions

Property Details

Property & Lot

Sub-type
House
Lot size
8,898 square feet
Frontage
0 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,284.17 (2025)

Interior

Heating
Forced air, Natural gas
Fireplace
Yes (2)

Parking

Total spaces
6 — covered indicated
Features
Garage

Listing Information

MLS®
R3128232
Listed
May 26, 2026
Time on market
On the market for 97 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: LeHomes Realty Premier · Data source: CREA DDF.

Description

Attention to Developers and Inverstors! A rare opportunity to acquire a prime development site in Richmond best location. FSR 3.0. Potential for 8-story building. Zoning located within 400M of bus stop. (Please verify zoning, density, development potential, buildable area and all municipal requirements with City of Richmond). Lots of possibilities to hold for rental income or build later. Currently rented individually upstairs and downstairs with separate entrances. Inside street 8898 SF lot and walking distance to Richmond Centre, Richmond High and all bus and skytrain station. Do not disturb the tenant. (id:63159)

Values & Trends

This listing

$1,039/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

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

48

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
Richmond SecondaryElementary226 m
General Currie ElementaryElementary486 m
William Cook ElementaryElementary920 m
W D Ferris ElementaryElementary924 m
St Paul School(Independent)Elementary1.0 km
Samuel Brighouse ElementaryElementary1.1 km
R C Palmer SecondaryElementary1.1 km
Blundell 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
Eastbound Granville Ave @ Minoru Blvd165 m
Northbound No. 3 Rd @ Bennett Rd186 m
Northbound Minoru Blvd @ Granville Ave229 m
Westbound Granville Ave @ Minoru Blvd232 m
Southbound No. 3 Rd @ General Currie Rd247 m

Nearby Places

Restaurants (5+)

  • Pho Lan Beef Noodle Soup · 6950 Number 3 Road271 m
  • Bamboo Grove Restaurant · 6920 Number 3 Road285 m
  • John 3:16 Malaysian Delights · 6838 Number 3 Road370 m
  • Pho An Nam · 6820 Number 3 Road378 m
  • Golden Paramount Seafood Restaurant · 8111 Anderson Road383 m

Cafes (5+)

  • daydreamers by cafe 33 · 8060 Anderson Road319 m
  • Storeys Cafe · 8080 Anderson Road363 m
  • Cafe & Life Co. · 6833 Buswell Street410 m
  • Tea Origin · 6833 Buswell Street428 m
  • Prunus · 6833 Buswell Street468 m

Grocery (3)

  • Wah Shang Supermarket · 8108 Park Road440 m
  • Sungiven Foods · 8119 Park Road495 m
  • Blundell Market · 7791 Number 3 Road570 m

Parks (4)

  • Brighouse Park123 m
  • General Currie Neighbourhood School Park491 m
  • Minoru Park676 m
  • Unnamed785 m

Shopping (2)

  • Muji · 6551 Number 3 Road543 m
  • CF Richmond Centre · 6551 Number 3 Road672 m

Pharmacies (3)

  • Chemmart Pharmacy · 6633 Buswell Street576 m
  • McCue Pharmacy · 8120 Cook Road633 m
  • Shoppers Drug Mart780 m

Banks & ATMs (5+)

  • TD · 7008 Number 3 Road242 m
  • BDC · 8100 Granville Avenue334 m
  • Industrial And Commercial Bank Of China (Canada) · 6740 Number 3 Road464 m
  • RBC · 6400 Number 3 Road599 m
  • Bitcoin ATM Localcoin · 6551 No 3 Road673 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($570,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,280,000.00
Periodic payment — Principal & Interest (monthly)$14,709.79
Additional monthly expenses (strata, tax, utilities, etc.)$910.68
Total monthly cost$15,620.47
Interest paid over 5-yr term$653,454.55
Balance at end of term$2,050,867.37

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$570,000
Stress test qualifying rate8.09%
Payment you must qualify for$17,532.40

Cash Needed at Closing

Minimum down payment$570,000
Estimated BC PTT$63,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$635,000

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.

Request more information