Have you been looking for a spacious and updated 1 bedroom home in a park-like setting with amenities that won’t break the bank? Welcome to Kingswood Terrace. Pride of ownership is evident with the thoughtful renovations over the years including kitchen and bath remodel and gorgeous cherry floors. You will appreciate bringing your king size bed, and a full suite of house size furniture to this well laid out condo that faces the greenway from your large balcony. Cozy gas fireplace and lots of wall space for your treasures. Relax at the pool or play some games in the community room on those rainy days. Easy access to Hwy 99, ƕ bus stop at your door. Ironwood Plaza mall a short stroll away, this is the one. 1 prkg & 1 locker incl. *OPEN HOUSE - Saturday, July 11th, 1:00pm to 3:00pm*
Property details
1
Beds
1 full
Baths
852 ft²
Floor area
1976
Year built
1
Storey
1
Parking
$452/mo
Strata fee
$1,201/yr
Gross tax
Location & structure
Apartment/Condo
Type
None
Basement
Yes
Garage
No
Carport
1
Fireplace
Richmond
Area
Ironwood
Sub-area
Basement
None
Structure
Multi Family
Property highlights
Balcony
Pool
In-suite laundry
Hot tub
Sauna
Steam room
Building amenities
Meeting/Party Room
Gas included
Features & inclusions
Heating
Baseboard, Electric, Natural Gas
Parking
Garage Under Building
Interior features
Elevator, Storage
Laundry
In Unit
Additional details
Common interest
Condominium
Levels
One
Main floor (ground)
852 ft²
Tax year
2025
Listed by Oakwyn Realty Ltd.. Data from BCRES. Last updated Jul 8, 2026, 2:33 PM.
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $79,980 down (20%) on $399,900, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 309 listings
Detached
148
47.9%
Townhouse
98
31.7%
Condo / Apartment
43
13.9%
Land
14
4.5%
Half-duplex
3
1.0%
Other
3
1.0%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Richmond · 565 dwellings
Row house260 · 46.0%
Low-rise apartment155 · 27.4%
Single-detached110 · 19.5%
Apartment in duplex30 · 5.3%
Semi-detached10 · 1.8%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59151173· Richmond· Transit 24/100 (3809m to rapid)· 0.25 km²
Median rent here
$1,340
Owner shelter cost
$1,470
Renters
23.0%
30%+ on shelter
21.9%
Population (2021)
1,385
Median age
46.0
Avg household size
2.5
Avg household income
$94,000
Renters
23.0%
Owners
77.0%
Immigrants
46.5%
Post-secondary
56.0%
Avg home value
$736,000
Single status
29.5%
Not in labour force
36.2%
Households with kids
35.1%
Median rent
$1,340
Owner shelter cost
$1,470
30%+ on shelter
21.9%
Breakdown
$15,000 to $19,999
5
0.9%
$20,000 to $24,999
20
3.7%
$25,000 to $29,999
20
3.7%
$30,000 to $34,999
10
1.9%
$35,000 to $39,999
15
2.8%
$40,000 to $44,999
25
4.6%
$45,000 to $49,999
25
4.6%
$50,000 to $59,999
45
8.3%
$60,000 to $69,999
30
5.6%
$70,000 to $79,999
40
7.4%
$80,000 to $89,999
40
7.4%
$90,000 to $99,999
35
6.5%
$100,000 to $124,999
85
15.7%
$125,000 to $149,999
60
11.1%
$150,000 to $199,999
50
9.3%
$200,000 and over
35
6.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59151173).
Market story
Rent in Richmond
Census 2021 avg $1,340/mo here · Vancouver 1BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
