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About this home

Good afternoon, Realtors. We have an accepted subject-free offer on the above property. The deposit is in place. The Court date is set for June 15, 2026, at the Vancouver Law Court in Smithe Street, at 9:30 a.m. The accepted offer is $612,500. 24-hour notice for all showings. 1 Realtor and 2 clients per showing. If you have any questions regarding the foreclosure process, please give me a call. Tks

Property details

Beds

2 full

Baths

1,357 ft²

Floor area

1991

Year built

Parking

$460/mo

Strata fee

$2,673/yr

Gross tax

Location & structure

Single Family

Type

Listed

May 12, 2026

Structure

Apartment

PID

017-270-758

Property highlights

Gym

Pool

Features & inclusions

Heating

Baseboard heaters, Electric

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 LIFESTYLES REALTY. Last updated Jun 7, 2026, 10:25 AM.

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.

Mortgage estimate

Using listing data

Est. monthly total

$3,839

/mo

Rate

Amortization

Principal and interest

$3,007

Property tax

$223

Strata fee

$460

P&I

Tax

Strata

Down payment

$130,000 (20%)

Stress test this mortgage

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Licensed Mortgage Broker

This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $130,000 down (20%) on $650,000, 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 · 1,246 listings

Condo / Apartment	823	66.1%
Townhouse	219	17.6%
Detached	179	14.4%
Land	18	1.4%
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 · 970 dwellings

High-rise apartment635 · 65.5%

Low-rise apartment330 · 34.0%

Row house5 · 0.5%

Source: Statistics Canada · 2021 Census of Population

Property analysisScored Jun 2

Buyer view7–10 year horizon

28.4% below nearby asking prices

$479/sqft vs area comp median $669/sqft (28.4% 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 28.4% below the median asking price nearby today.

Strong value signals, score 86.1 of 100Based on 4 of 9 signals · score likely 64.3 to 100

Stale compsNo HPI coveragePrice history accruing

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 $1,670/mo here · Vancouver 2BR rent trend below

$2,696

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 #59153948· Richmond· Transit 77/100 (1140m to rapid)· 0.73 km²

Median rent here

$1,670

Owner shelter cost

$1,020

Renters

34.6%

30%+ on shelter

39.7%

Population (2021)

1,933

Median age

43.6

Avg household size

2.0

Avg household income

$73,000

Renters

34.6%

Owners

65.8%

Immigrants

71.3%

Post-secondary

61.1%

Avg home value

$658,000

Single status

28.9%

Not in labour force

43.5%

Households with kids

25.6%

Median rent

$1,670

Owner shelter cost

$1,020

30%+ on shelter

39.7%

Breakdown

Under $5,000	45	4.6%
$5,000 to $9,999	30	3.1%
$10,000 to $14,999	15	1.5%
$15,000 to $19,999	20	2.0%
$20,000 to $24,999	75	7.7%
$25,000 to $29,999	40	4.1%
$30,000 to $34,999	45	4.6%
$35,000 to $39,999	70	7.1%
$40,000 to $44,999	55	5.6%
$45,000 to $49,999	45	4.6%
$50,000 to $59,999	80	8.2%
$60,000 to $69,999	70	7.1%
$70,000 to $79,999	50	5.1%
$80,000 to $89,999	60	6.1%
$90,000 to $99,999	55	5.6%
$100,000 to $124,999	90	9.2%
$125,000 to $149,999	55	5.6%
$150,000 to $199,999	45	4.6%
$200,000 and over	35	3.6%

Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153948).

#503 – 8831 LANSDOWNE Road

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About this home

Property details

Location & structure

Additional details

28.4% below nearby asking prices

28.4% below nearby asking prices

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