4991 Westminster Hwy, Richmond, BC, MLS® R3066761

$1,599,900
Est. Mortgage /mo

Below Assessment Value, Land Value only

$1,599,900
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
3 Beds
2 Baths
1 Stories
lot 9266 sqft
1560 sqft
1954 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

4991 Westminster Hwy, Richmond, BC | MLS® R3066761 Property Details

Below Assessment Value
Land Value only

A rare chance to secure a prime corner lot in Riverdale. This 71-year-old rancher sits on a generous 78’ x 118’ (9,266 sq ft) property with bright North-South and East exposure - perfect for a future custom home filled with natural light. Surrounded by newly built, multi-million-dollar residences, this neighbourhood is evolving into one of Richmond’s most sought-after enclaves. Stroll to McCallan Park, Dover Park and the scenic Dyke Trail to Terra Nova. Minutes to Richmond Centre & SkyTrain, Terra Nova Village, Olympic Oval, T&T, and quick access along No. 2 Road to Vancouver/YVR. Catchment schools: Thompson Elementary & Burnett Secondary. Priced $215,000 below BC Assessment, this is land value with long-term upside.

General Info

Price $1,599,900
Total Bedrooms 3
Total Bathrooms 1
Half Bathrooms 1
Floor Area Total (sqft) 1560
Lot Size 9266
Lot Size Depth Feet
Lot Size Frontage 78
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1954
Age Of Building 71
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow
Stories 1
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3066761
Area Richmond
Neighbourhood Riverdale RI
City Richmond
Gross Taxes $5,795.66
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace 1
Heating Type Electric

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Detached, Front Access, Paver Block
Total Parking Spaces 3

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Strata Restrictions -
Rental Restrictions -
Zoning RSM/L
Rental Suites None
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Wall/Wall/Mixed, Carpet
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer
Roof Torch-On

Property History

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Status Date Price
Show more

Listed by: RE/MAX Westcoast

NOTE: 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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Elementary
James Thompson Elementary School
Above Average
0.68 km
7.4/10
Elementary
James Thompson Elementary School
0.68 km
Secondary
J N Burnett Secondary School
0.79 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Joseph the Worker School
3.13 km
Secondary
City Vancouver Academy
3.54 km

Closest Transit

Bus Stop
Westbound Westminster Hwy @ Mccallan Rd
0.04 km
Skytrain
Skytrain @ Brighouse Stn
2.49 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to 4991 Westminster Highway, a beautiful property located in the heart of Richmond, BC. As a seasoned realtor, I'm excited to take you on a tour of this stunning home and the surrounding community.

Let's start with the schools. James Thompson Elementary School, a highly-rated institution, is just a short 0.68 km from this property. Families love this area because of its excellent educational opportunities, and James Thompson Elementary School is no exception. With a rating of No Rating, this school is a great option for parents looking for a quality education for their children.

If you're looking for independent schools, St. Joseph the Worker School is the closest option, located 3.13 km from this home. This school also has a rating of No Rating. Alternatively, City Vancouver Academy is the closest secondary independent school, located 3.54 km from this property. Both of these schools offer excellent educational options for families in the area.

Now, let's talk about safety. The crime data from Statistics Canada, which covers 2020, shows that this neighbourhood has an average crime rate of 7,826.57, which is typical of urban areas. However, it's worth noting that the rate has decreased by 3.39% year-over-year. In terms of specific crimes, drug crime rates are a concern, with a high rating of 2,081.96. However, the year-over-year change in this area is a positive 19.46%. Property crimes are also a concern, with an average rating of 3,238.66. However, the year-over-year change in this area is a negative 14.19%. Violent crime rates are low, with a rate of 919.25, which is a low rate compared to other BC municipalities.

In terms of demographics, this neighbourhood is a great option for families. With 32.6% of the population holding a university certificate or degree, this area is above average compared to other BC neighbourhoods. Additionally, 12.1% of the population has no certificate or degree, which is a low number compared to the average in BC.

The median household income in this area is $79,360, which is above average compared to the BC average. The median personal income is $25,434, which is low compared to the BC average. The percentage of households with a mortgage is 53.2%, which is below average.

In terms of transportation, the closest bus station is the Westbound Westminster Hwy @ McCallan Rd, which is just 0.04 km away from this property. The unemployment rate in this area is 6%, which is below average compared to other province neighbourhoods.

This property is located in the Riverdale RI area, where the population change between 2011 and 2016 was -8.7%. This is a low growth rate compared to the average growth rate of this region.

The population density per square kilometre in this community is 2,564.3, which is above average. The average size of families in this area is 3.1, which is above average. The percentage of families with children is 72.4%, which is high. The percentage of married or living common law is 59.9%, which is average.

The average age of the population in this area is 40.9, which is average compared to other BC cities. The average value of dwellings in this neighbourhood is $2,146,408, which is high compared to other areas in BC. The average owner payments are high in this area, with owners paying an average of $2,249 per month. Tenants are paying an average of $1,444 per month, which is also high compared to other cities.

16.3% of the population in this area are renters, which is below average compared to other BC cities and areas. The percentage of English and French speakers is 4.7%, which is below average. The percentage of English speakers only is 83.1%, which is also below average. The percentage of neither English nor French speakers is 12.2%, which is high compared to other BC cities.

In terms of transportation, 11.7% of the population in this area use public transport, which is average. 81.9% of the population use cars, which is average. 2.3% of the population use bicycles, which is above average. 3.5% of the population walk, which is average.

I hope this tour of the community has given you a sense of what it's like to live in this beautiful area. With its excellent schools, safe neighbourhood, and convenient transportation options, this area is a great option for families and individuals looking to make a home in Richmond, BC.

MLS# R3066761 is the listing number for this property, and I'd be happy to show

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $1,599,900
Richmond $1,970,000
Riverdale RI No comparables
Data is based on list prices of similar active listings. 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

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. 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
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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