About this home

Strategic development opportunity very close to downtown ! A short walk to the New $251 Million amazing Recreation Centre replacing the Parkinson Rec centre. The core area neighbourhood designation supports rezoning to MF3, which allows for up to 6-storey apartment housing . This corner property offers frontage on Richmond Street and Lawson Ave , providing excellent development potential. A major new development is underway directly across the street , highlighting the area's ongoing transformation and growth.

Home facts

Property type: Other
Area: Glenmore
Listed: July 22, 2026
Structure: Residential Commercial Mix
PID: 008-893-586

Features and inclusions

Lot: Level lot, Corner Site

Rooms and building

Sewer: Municipal sewage system
Water: Municipal water
Utilities: Water, Sewer, Natural Gas, Electricity, Cable, Telephone

Listed by Real Broker B.C. Ltd. Last updated Jul 30, 2026, 12:00 PM.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $9,385
Property tax: $575/mo
Home insurance: $150/mo
Estimated monthly total: $10,110

Purchase snapshot

List price: $1,980,000
Down payment: $396,000 (20%)
Estimated mortgage: $1,584,000

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Prime rate: 4.45%; Variable mortgages are quoted against this.
5 year bond yield: 3.68%; Fixed mortgage pricing follows this.
Policy rate: 2.25%; Set by the Bank of Canada.

These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.

Source: Bank of Canada. As of 2026-09-29

Estimated annual tax: $9,424; At 4.7595 per $1,000 of assessed value.

Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.

Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01

For investors

As a rental

Estimated rent: $1,460 a month
Gross yield: 0.9%

Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.

Rent vs mortgage at $1,460

Neighbourhood

Open the map

Walk to Nester's Market7 min

Bike to Orchard Park Exchange10 min

Walk to Orchard Park Exchange33 min

Drive to downtown Vancouver10h 51m

Estimated travel times. Map data © OpenStreetMap contributors.

Average temperature: 9.6°C; Daily mean across the year.
Yearly precipitation: 242 mm; On the drier side for BC.
Bright sunshine: 1,949 h; Hours of sun a year, 1981–2010 average.

Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.

Source: Environment and Climate Change Canada, monthly climate summaries

Wildfire interface: Extreme risk; In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.

Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.

Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)

Most listed

Condo / Apartment · 46%

Who lives here

About this home