Welcome to Magnolia at Hampton's Park, a quality-built concrete high-rise by renowned Cressey Development Group. This bright and well-maintained 1-bedroom, 1-bathroom home features a desirable south-facing exposure, filling with natural light throughout the day. Enjoy peaceful views overlooking the beautifully landscaped gardens, creating a private and tranquil retreat in the heart of Richmond. The functional layout offers comfortable living, while the solid concrete construction provides excellent durability and sound insulation. Conveniently located close to shopping, restaurants, parks, transit, and all the amenities Richmond has to offer, this is an exceptional opportunity for first-time buyers, downsizers, or investors seeking quality, comfort, and value in a sought-after community. Open House 2:30-4:30pm Saturday, July 4th
Property details
1
Beds
1 full
Baths
677 ft²
Floor area
2006
Year built
1
Parking
$411/mo
Strata fee
$1,830/yr
Gross tax
Location & structure
Single Family
Type
Listed
June 22, 2026
Structure
Apartment
PID
026-570-505
Property highlights
Gym
Pool
Guest suite
Features & inclusions
Appliances
All
Heating
Baseboard heaters, Electric
Lot
Central location, Elevator
Community
Pets Allowed With Restrictions
Additional details
Common interest
Condo/Strata
Tax year
2025
Listed by LeHomes Realty Premier. Last updated Jul 9, 2026, 12:05 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 $104,400 down (20%) on $522,000, 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 · 1,275 listings
Condo / Apartment
808
63.4%
Detached
221
17.3%
Townhouse
216
16.9%
Land
20
1.6%
Duplex
5
0.4%
Other
5
0.4%
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 · 940 dwellings
High-rise apartment685 · 72.9%
Low-rise apartment180 · 19.1%
Row house75 · 8.0%
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 #59153701· Richmond· Transit 81/100 (938m to rapid)· 0.06 km²
Median rent here
$1,840
Owner shelter cost
$1,520
Renters
33.3%
30%+ on shelter
48.9%
Population (2021)
1,891
Median age
40.0
Avg household size
2.0
Avg household income
$77,800
Renters
33.3%
Owners
66.7%
Immigrants
69.6%
Post-secondary
69.0%
Avg home value
$696,000
Single status
28.1%
Not in labour force
39.2%
Households with kids
25.8%
Median rent
$1,840
Owner shelter cost
$1,520
30%+ on shelter
48.9%
Breakdown
Under $5,000
55
5.7%
$5,000 to $9,999
20
2.1%
$10,000 to $14,999
15
1.6%
$15,000 to $19,999
30
3.1%
$20,000 to $24,999
40
4.2%
$25,000 to $29,999
45
4.7%
$30,000 to $34,999
45
4.7%
$35,000 to $39,999
65
6.8%
$40,000 to $44,999
55
5.7%
$45,000 to $49,999
45
4.7%
$50,000 to $59,999
75
7.8%
$60,000 to $69,999
70
7.3%
$70,000 to $79,999
75
7.8%
$80,000 to $89,999
50
5.2%
$90,000 to $99,999
55
5.7%
$100,000 to $124,999
80
8.3%
$125,000 to $149,999
55
5.7%
$150,000 to $199,999
45
4.7%
$200,000 and over
40
4.2%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153701).
Market story
Rent in Richmond
Census 2021 avg $1,840/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
