RSM/L zoned lot at 8280 Francis (10050 sqft 67*150) presents two build options: one large single-family detached home, or RSM/L zoning allows for four units redevelopment. Solid Built 2 story home has over 3000 Sqft interior, in a very good shape and livable condition. Large fenced south facing back yard, long driveway that could easily fit your RV. The property is located at a convenient location in a nice neighbourhood Saunders, mins away from Richmond Centre and within walking distance to transit and to Richmond's renown educational institution including St. Paul School, RC Palmer, and Hugh McRoberts Secondary. Build or hold, Endless Oportunities, won't go wrong with this one. Don't miss it!
Property details
5
Beds
2 full + 1 half
Baths
2,060 ft²
Floor area
10,050 ft²
Lot size
1954
Year built
3
Storeys
4
Parking
$6,704/yr
Gross tax
Location & structure
Single Family Residence
Type
None
Basement
Yes
Carport
1
Fireplace
Richmond
Area
Saunders
Sub-area
3 Level Split
Style
Style
3 Level Split
Basement
None
Structure
Residential Detached
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Forced Air, Natural Gas
Parking
Carport Multiple
Lot
Central Location, Recreation Nearby
Additional details
Levels
Multi/Split
Main floor (ground)
694 ft²
Tax year
2025
Listed by Sutton Group - 1st West Realty. Data from BCRES. Last updated Jun 22, 2026, 9:48 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 $359,800 down (20%) on $1,799,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this 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 · 1,134 listings
Condo / Apartment
542
47.8%
Detached
328
28.9%
Townhouse
235
20.7%
Land
14
1.2%
Duplex
6
0.5%
Other
9
0.8%
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
Property analysisScored Jul 8
Buyer view7–10 year horizon
8.4% below area benchmark
$1,799,000 is 8.4% below the Richmond Single Family HPI benchmark of $1,964,000 (2026-04-01).
On a 7 to 10 year hold, price discovery vs the area benchmark drives outcomes. Today's price sits 8.4% below the GVR HPI for this segment.
Weak value signals·31/100
Weak value signals, score 30.8 of 100Based on 7 of 9 signals · score likely 4.7 to 56.9
Area benchmark trend
Richmond single family benchmark price (GVR MLS® HPI), last 12 months
Partial carrying costRound-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.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Richmond · 370 dwellings
Row house180 · 48.6%
Single-detached120 · 32.4%
Apartment in duplex60 · 16.2%
Low-rise apartment10 · 2.7%
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 #59153921· Richmond· Transit 51/100 (2475m to rapid)· 0.25 km²
Median rent here
$1,560
Owner shelter cost
$970
Renters
19.2%
30%+ on shelter
36.8%
Population (2021)
994
Median age
49.2
Avg household size
2.6
Avg household income
$82,800
Renters
19.2%
Owners
79.5%
Immigrants
64.0%
Post-secondary
64.7%
Avg home value
$1,230,000
Single status
28.5%
Not in labour force
45.1%
Households with kids
38.7%
Median rent
$1,560
Owner shelter cost
$970
30%+ on shelter
36.8%
Breakdown
Under $5,000
5
1.4%
$10,000 to $14,999
5
1.4%
$15,000 to $19,999
10
2.7%
$20,000 to $24,999
10
2.7%
$25,000 to $29,999
10
2.7%
$30,000 to $34,999
10
2.7%
$35,000 to $39,999
15
4.1%
$40,000 to $44,999
10
2.7%
$45,000 to $49,999
10
2.7%
$50,000 to $59,999
30
8.1%
$60,000 to $69,999
40
10.8%
$70,000 to $79,999
25
6.8%
$80,000 to $89,999
20
5.4%
$90,000 to $99,999
20
5.4%
$100,000 to $124,999
50
13.5%
$125,000 to $149,999
25
6.8%
$150,000 to $199,999
45
12.2%
$200,000 and over
30
8.1%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153921).
Market story
Rent in Richmond
Census 2021 avg $1,560/mo here · Vancouver 4BR 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