Well-maintained 1 Bed, 1 Bath home offering approximately 750 sq. ft. of comfortable living space with a bright south-facing exposure in the desirable STORNOWAY. An excellent opportunity for first-time buyers, downsizers, or investors, this move-in-ready home features in-suite laundry, secured parking, & a storage locker. The spacious floor plan offers a large bedroom with a walk-in closet, inviting living & dining areas, & a generous kitchen. Enjoy amenities, including an outdoor heated pool, sauna, amenity room, and beautifully maintained grounds, all cared for by a dedicated on-site caretaker who keeps the complex looking picture-perfect year-round. Maint fees include heat, hot water, sewer, and water, ideally located just steps from South Arm Park. Open House Sunday July 5, 2-4 pm
Property details
1
Beds
1 full
Baths
750 ft²
Floor area
1976
Year built
1
Storey
1
Parking
$472/mo
Strata fee
$1,335/yr
Gross tax
Location & structure
Apartment/Condo
Type
None
Basement
Yes
Garage
No
Carport
1
Fireplace
Richmond
Area
South Arm
Sub-area
Basement
None
Structure
Multi Family
Property highlights
Balcony
Pool
In-suite laundry
Sauna
Steam room
Meeting/Party Room
Building amenities
Caretaker
Hot water incl.
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Baseboard
Parking
Additional Parking, Garage Under Building, Front Access, Asphalt
Lot
Central Location, Private, Recreation Nearby
Interior features
Elevator, Storage
Laundry
In Unit
Community
Shopping Nearby
Additional details
Common interest
Condominium
Levels
One
Main floor (ground)
750 ft²
Tax year
2025
Listed by Macdonald Realty Westmar. Data from BCRES. Last updated Jul 3, 2026, 12:51 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 $79,900 down (20%) on $399,500, 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 · 567 listings
Detached
243
42.9%
Townhouse
170
30.0%
Condo / Apartment
129
22.8%
Land
14
2.5%
Duplex
5
0.9%
Other
6
1.1%
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 · 605 dwellings
Low-rise apartment370 · 61.2%
Row house105 · 17.4%
Single-detached75 · 12.4%
Apartment in duplex55 · 9.1%
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 #59153351· Richmond· Transit 32/100 (3405m to rapid)· 0.46 km²
Median rent here
$1,530
Owner shelter cost
$730
Renters
36.7%
30%+ on shelter
34.1%
Population (2021)
1,333
Median age
47.6
Avg household size
2.2
Avg household income
$82,400
Renters
36.7%
Owners
64.1%
Immigrants
54.1%
Post-secondary
56.6%
Avg home value
$980,000
Single status
31.9%
Not in labour force
46.7%
Households with kids
32.0%
Median rent
$1,530
Owner shelter cost
$730
30%+ on shelter
34.1%
Breakdown
Under $5,000
15
2.4%
$10,000 to $14,999
10
1.6%
$15,000 to $19,999
15
2.4%
$20,000 to $24,999
25
4.0%
$25,000 to $29,999
15
2.4%
$30,000 to $34,999
20
3.2%
$35,000 to $39,999
30
4.8%
$40,000 to $44,999
30
4.8%
$45,000 to $49,999
25
4.0%
$50,000 to $59,999
60
9.7%
$60,000 to $69,999
60
9.7%
$70,000 to $79,999
65
10.5%
$80,000 to $89,999
40
6.5%
$90,000 to $99,999
45
7.3%
$100,000 to $124,999
60
9.7%
$125,000 to $149,999
35
5.6%
$150,000 to $199,999
25
4.0%
$200,000 and over
45
7.3%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153351).
Market story
Rent in Richmond
Census 2021 avg $1,530/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
