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About this home

This rarely available, spacious 3-bedroom, 2.5-bathroom townhome offers the perfect blend of security, comfort, and style. Located in the gated Parcel Camelot, step outside to your own fully fenced backyard, an ideal retreat for summer entertaining or peaceful relaxation.

Property details

Beds

2 full + 1 half

Baths

1,444 ft²

Floor area

Storeys

Parking

$364/mo

Strata fee

$3,790/yr

Gross tax

Location & structure

Townhouse

Type

None

Basement

Yes

Garage

Carport

Richmond

Area

East Cambie

Sub-area

Basement

None

Structure

Residential Attached

Property highlights

In-suite laundry

Private yard

Meeting/Party Room

Features & inclusions

Appliances

Washer/Dryer, Dishwasher, Refrigerator, Stove

Heating

Baseboard, Radiant

Parking

Garage Double, Side Access, Concrete

Lot

Central Location, Cul-De-Sac, Private

Laundry

In Unit

Community

Gated

Additional details

Common interest

Condominium

Levels

Two

Main floor (ground)

704 ft²

Tax year

2026

Listed by Regent Park Fairchild Realty Inc.. Data from BCRES. Last updated Jul 1, 2026, 12:06 AM.

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.

Mortgage estimate

Using listing data

Est. monthly total

$5,451

/mo

Rate

Amortization

Principal and interest

$4,621

Property tax

$316

Strata fee

$364

P&I

Tax

Strata

Down payment

$199,800 (20%)

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $199,800 down (20%) on $999,000, 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 · 430 listings

Condo / Apartment	243	56.5%
Townhouse	95	22.1%
Detached	74	17.2%
Land	14	3.3%
Multi-family	2	0.5%
Other	2	0.5%

Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.

Housing stock here

What this neighbourhood is built of

Census 2021 dwelling structural-type mix · Richmond · 190 dwellings

Single-detached90 · 47.4%

Row house45 · 23.7%

Apartment in duplex40 · 21.1%

Semi-detached15 · 7.9%

Source: Statistics Canada · 2021 Census of Population

Property analysisScored Jun 30

Buyer view7–10 year horizon

3.6% below area benchmark

$999,000 is 3.6% below the Richmond Townhouse HPI benchmark of $1,036,400 (2026-04-01).

On a 7 to 10 year hold, price discovery vs the area benchmark drives outcomes. Today's price sits 3.6% below the GVR HPI for this segment.

Weak value signals, score 32.4 of 100Based on 7 of 9 signals · score likely 11.9 to 52.9

Area benchmark trend

Richmond townhouse benchmark price (GVR MLS® HPI), last 12 months

Listing details incompleteRound-number price anchor

Price comparisons use asking prices from nearby active and recently removed listings. Sold prices are not available through public listing feeds.

Scores weight nine signals across price, market, carrying cost, and location data. Sources: BCRES listing feed, GVR MLS® HPI, TransLink, BC Geographic Warehouse, Vancouver Open Data, Statistics Canada (2021 Census). One input among many, not advice.

Market story

Rent in Richmond

Census 2021 avg $1,500/mo here · Vancouver 3BR rent (est) trend below

$3,370

latest · Jan 2025

↑16.0%

CMHC · 2025 Rental Market ReportForecast: CMHC supply-shortages report · rent growth scenarios

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

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

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 #59153626· Richmond· Transit 50/100 (2519m to rapid)· 0.13 km²

Median rent here

$1,500

Owner shelter cost

$1,620

Renters

16.3%

30%+ on shelter

33.3%

Population (2021)

716

Median age

41.2

Avg household size

3.7

Avg household income

$132,000

Renters

16.3%

Owners

81.4%

Immigrants

60.3%

Post-secondary

52.0%

Avg home value

$1,660,000

Single status

30.1%

Not in labour force

32.3%

Households with kids

41.0%

Median rent

$1,500

Owner shelter cost

$1,620

30%+ on shelter

33.3%

Breakdown

$20,000 to $24,999	5	2.9%
$35,000 to $39,999	10	5.9%
$40,000 to $44,999	5	2.9%
$50,000 to $59,999	5	2.9%
$60,000 to $69,999	10	5.9%
$70,000 to $79,999	10	5.9%
$80,000 to $89,999	10	5.9%
$90,000 to $99,999	10	5.9%
$100,000 to $124,999	20	11.8%
$125,000 to $149,999	25	14.7%
$150,000 to $199,999	35	20.6%
$200,000 and over	25	14.7%

Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153626).

#25 – 11888 Mellis Drive

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About this home

Property details

Location & structure

Additional details

3.6% below area benchmark

3.6% below area benchmark

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