Bright and spacious TOP FLOOR one-bed condo in the centrally located Lexington Square, a well-managed complex with a proactive strata. This lovely home faces a quiet courtyard and features a large private 102 square ft covered balcony overlooking beautiful trees. Function floor plan, dining room connecting kitchen & living room. The bedroom easily fits a king-size bed & offers generous closet space. Includes in-suite storage, 1 parking stall & shared laundry on the same floor. Walking distance to Lansdowne SkyTrain Station, Lansdowne Mall, Richmond Centre, Kwantlen University, PriceSmart, T&T Supermarket, shopping, transit & groceries. Strata fees include heat, hot water. Cats and rentals allowed. Nearby schools: Cook Elementary and MacNeill Secondary. Ideal for investors or first time buyers.
Property details
1
Beds
1 full
Baths
644 ft²
Floor area
1982
Year built
1
Parking
$340/mo
Strata fee
$1,255/yr
Gross tax
Location & structure
Single Family
Type
Listed
May 21, 2026
Structure
Apartment
PID
000-662-801
Property highlights
Balcony
Pool
Building amenities
Shared laundry
Features & inclusions
Appliances
Refrigerator, Dishwasher, Stove
Heating
Baseboard heaters, Hot Water
Lot
Central location, Elevator
Community
Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Additional details
Common interest
Condo/Strata
Tax year
2025
Listed by RE/MAX Westcoast. Last updated May 21, 2026, 12:50 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.
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 $67,800 down (20%) on $339,000, 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.
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
Inventory mix
What this area trades in
Within 3 km of this listing · 1,240 listings
Condo / Apartment
812
65.5%
Townhouse
216
17.4%
Detached
185
14.9%
Land
20
1.6%
Multi-family
4
0.3%
Other
3
0.2%
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 · 710 dwellings
Low-rise apartment695 · 97.9%
Row house15 · 2.1%
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 #59153398· Richmond· Transit 88/100 (587m to rapid)· 0.08 km²
Median rent here
$1,280
Owner shelter cost
$1,040
Renters
39.1%
30%+ on shelter
34.1%
Population (2021)
1,523
Median age
48.0
Avg household size
2.1
Avg household income
$70,400
Renters
39.1%
Owners
60.9%
Immigrants
72.3%
Post-secondary
55.8%
Avg home value
$466,000
Single status
29.6%
Not in labour force
42.0%
Households with kids
29.6%
Median rent
$1,280
Owner shelter cost
$1,040
30%+ on shelter
34.1%
Breakdown
Under $5,000
20
2.8%
$5,000 to $9,999
10
1.4%
$10,000 to $14,999
10
1.4%
$15,000 to $19,999
25
3.5%
$20,000 to $24,999
50
6.9%
$25,000 to $29,999
30
4.2%
$30,000 to $34,999
35
4.9%
$35,000 to $39,999
55
7.6%
$40,000 to $44,999
25
3.5%
$45,000 to $49,999
35
4.9%
$50,000 to $59,999
55
7.6%
$60,000 to $69,999
55
7.6%
$70,000 to $79,999
55
7.6%
$80,000 to $89,999
60
8.3%
$90,000 to $99,999
45
6.3%
$100,000 to $124,999
60
8.3%
$125,000 to $149,999
50
6.9%
$150,000 to $199,999
25
3.5%
$200,000 and over
20
2.8%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153398).
Market story
Rent in Richmond
Census 2021 avg $1,280/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
$526/sqft vs area comp median $887/sqft (40.7% below, 20 comps). ⚠ Comp set is older than 60 days. Used area-level comps (sub-area had <5 matches).
On a 7 to 10 year hold, the entry price relative to nearby listings sets the floor for appreciation. This listing is 40.7% below the median asking price nearby today.
Strong value signals·85/100
Strong value signals, score 85.2 of 100Based on 4 of 9 signals · score likely 62.4 to 100
Stale compsNo HPI coveragePrice history accruingRound-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.
