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
Property Metrics
Additional Details
Heating & Cooling
Utilities
Parking
🔒 Join or Sign In • Real estate boards need a verified account to see Property data
Property History
🔒 Join or Sign In • Real estate boards need a verified account to see Property data
| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 19'7 x 19'7 ft |
| Main Level | Dining Room | 10' x 10' ft |
| Main Level | Kitchen | 15' x 15' ft |
| Main Level | Laundry | 8'7 x 8'7 ft |
| Main Level | Primary Bedroom | 11' x 11' ft |
| Main Level | Bedroom | 11'5 x 11'5 ft |
| Main Level | Bedroom | 12'1 x 12'1 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #2 |
| Main Level | No | #4 |
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.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Noise/ Power Lines
Other
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
Price Evaluation Chart
Listing Price Comparision
No comparables
Potential Cashback for this listing if you buy with us
Login to track your cashback progress
Sign up on Estateblock.com
$511 / 5%Use the “Hot Deal” module on our website
$204 / 2%Sign up for our Newsletter
$102 / 1%Create a saved search on Estateblock.com
$204 / 2%Book a Property Showing with us
$204 / 2%Get a mortgage through our recommended broker
$716 / 7%Use our recommended insurance provider
$204 / 2%Use our recommended notary for closing
$204 / 2%Sign an Exclusive Buyer’s Agency Agreement with us
$716 / 7%Share Estateblock.com on social media with a short intro
$307 / 3%Refer a friend who successfully buys or sells with us
$2,556 / 25%Sell your home with us2
$2,556 / 25%Leave a Public Review in Google
$716 / 7%Follow us on Insta or FB and tag us in a post
$307 / 3%Create a short video testimonial after closing
$307 / 3%Leave a Facebook review on our page
$204 / 2%Talk with one of our mortgage brokers
$204 / 2%🔒 Join or Sign In • Real estate boards need a verified account to see photos & sold data