120 5500 Andrews Rd, Richmond BC - Apartment/Condo for Sale - MLS# R3119115

$678,000
Est. Mortgage $2,999/mo
Southwater
2 Beds
2 Baths
865 sqft
784 $ /sqft
500.86 $ Maint. fee
1997 built
OPEN HOUSE 5.2% price reduction
$678,000
$715,000
Est. $2,999/mo with 20% down
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

Photos

Property Details for 120 5500 Andrews Road

5.2% price reduction

Welcome home to a fantastic ground-floor suite offering both comfort and convenience in a highly desirable location. Updates include vinyl plank flooring throughout, and new appliances. Enjoy outdoor living on a 264 sq ft SOUTH-facing patio, a sun-filled space perfect for relaxing, entertaining, or enjoying your morning coffee. With direct walk-up access—offering a townhouse-like feel. Equipped with an EV-stall, and ample parking along Dyke Road making hosting guests effortless. Enjoy a leisurely stroll to the charm and amenities of Steveston Village, all while being located within the sought-after Homma Elementary and McMath Secondary school catchments. A rare combination of lifestyle, layout, and location.OPEN HOUSE Sat July 11th 1-3pm

Open houses

11 Jul, 2026 (12:00 PM to 02:00 PM)

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Trash Compactor, Dishwasher, Refrigerator, Stove, Microwave
Interior Features Elevator, Guest Suite
Fireplace 1
Heating Type Baseboard, Electric, Natural Gas
Laundry In Unit
# of Kitchens 1
Flooring Vinyl
Foundation Concrete Perimeter

Exterior Features

Exterior Features Garden
Roof Asphalt, Torch-On
Structures Multi Family, Residential Attached

Building Details

Price $678,000
Total Bedrooms 2
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 865
Year Built 1997
Age Of Building 29
Building Type Apartment/Condo
Property Type Residential
Architecture Style Ground Level Unit
Stories 1
Building Amenities Clubhouse, Day Care, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal, Water
Building Name Southwater
Ownership Type Freehold Strata
Maintenance Fee $500.86
Community Features Shopping Nearby
Amenities Nearby Clubhouse, Day Care, Exercise Centre, Caretaker, Trash, Maintenance Grounds, Gas, Hot Water, Management, Recreation Facilities, Sewer, Snow Removal, Water
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Lagoon, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Additional Parking, Garage Under Building, Guest, Front Access
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allowed,Smoking Restrictions
Pet Restrictions Cats OK, Dogs OK, Number Limit (Two), Yes With Restrictions
Rental Restrictions 100
Rental Suites None
Units In Development 129

Lot & Land

MLS® # R3119115
Area Richmond
Neighbourhood Steveston South
City Richmond
Postal Code V7E 6M9
Gross Taxes $2,142.98
Zoning ZLR4

Property Timeline

Status Date Price
R3119115 / Active 05-05-2026 $678,000
Rooms
Floor Type Dimensions
Main Level Foyer 9'7 x 9'7 ft
Main Level Kitchen 8'9 x 8'9 ft
Main Level Laundry 7'11 x 7'11 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4
Main Level Yes #3

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.

Map & Neighbourhood

Public Schools

Elementary
Tomekichi Homma Elementary School
Above Average
0.42 km
7.4/10

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

Private Schools

Elementary
Mia Montessori Academy
2.11 km
Elementary, Secondary
Richmond Christian School
Above Average
5.59 km
9/10

Closest Transit

Bus Stop
Eastbound Moncton St @ Trites Rd
0.45 km
Skytrain
Skytrain @ Brighouse Stn
5.55 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Low
Property Crime Rate
Average

Demographics

Post-Secondary Education
Above Average
39%
No Certificate/Degree
Below Average
8.9%
Owner Occupied
Below Average
55.7%
Employment Rate
Average
60.1%

Noise/ Power Lines

Road/Hwy Noise
Unlikely
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

Sell Speed & Competition

49 / 100
Overall sell-speed score
Moderate pace expected
B
Price competition grade
Avg comparable: $687,967
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 5.55 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How STEVESTON SOUTH compares
This property
65 DOM
Average
Steveston South avg
54 DOM
Average
Richmond avg
54 DOM
Faster market

120 5500 Andrews Road has a sell-speed score of 49/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 1.5% below comparable active properties in Steveston South, which is a strong competitive signal. The local market is currently a Buyer's Market with a sales-to-active ratio of 11.4% and an area average of 54 days on market — buyers have more leverage. With only 775 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V7E 6M9

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V7E 6M9, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.3 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Richmond South, Richmond (~4.6 km). Annual avg AQHI 2 — Low Risk.

Heat Low

Richmond currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.8 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Typical for region

Annual precipitation ~1117 mm (1981–2010 baseline), projected ~1159 mm by the 2050s. Extreme 1-day rainfall: ~39.9 mm baseline, ~44.4 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~25 days baseline, ~27 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 120 5500 Andrews Road

Pre-computed routes from 120 5500 Andrews Rd, Richmond, BC

By transit (Skytrain)

  • Downtown Vancouver via Brighouse → Waterfront
    95 min
  • Metrotown, Burnaby via Brighouse → Metrotown
    113 min
  • SFU Burnaby via Brighouse → Production Way
    120 min
  • Richmond Centre
    70 min
  • YVR Airport via Brighouse → YVR-Airport
    83 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    22 min
  • Metrotown, Burnaby via Lougheed Hwy
    20 min
  • SFU Burnaby via Gaglardi Way
    28 min
  • Richmond Centre via No. 3 Rd
    7 min
  • YVR Airport via Bridgeport / Sea Island
    10 min

Calculate your commute

120 5500 Andrews Rd, Richmond, BC is ideally located for commuters. The property is 5.6 km from Brighouse, with a 95 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Moncton St @ Trites Rd (0.45 km). Walk Score Transit rating: Some Transit (32/100).

Walkability & Transit Near 120 5500 Andrews Road

Walk Score Badge
Car-Dependent 62

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 32

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
67

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 120 5500 Andrews Road

/month
Principal & Interest
Property Taxes $179
Maintenance fee 500.86
With a 20% down payment, buyers can expect an estimated $3,270/month in total housing costs on this $678,000 property — $2,590 mortgage payment, $179 property tax, $501 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
Based on $2,430/month estimated rent and $3,325/month in total housing costs, this property has a -$895/month cashflow. Break-even down payment: approximately 48%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Steveston South, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home $678,000
Richmond Loading...
Steveston South Loading...

Based on 20 comparable active apartments/condos in Steveston South, the average asking price is $654,597. This listing is priced 3.6% above the neighbourhood average. This property is flagged as a Hot Deal (5.2% price reduction) based on its competitive pricing and market demand.

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 Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 120 5500 Andrews Road

Walk Score Badge
Car-Dependent 62

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 32

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
67

Bike Score - Bikeable

Some bike infrastructure

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