1240 Lancaster Cres, Richmond BC - Single Family Residence for Sale - MLS# R3122091

$2,280,000
Est. Mortgage $10,087/mo
5 Beds
6 Baths
3222 sqft
708 $ /sqft
2024 built
$2,280,000
Est. $10,087/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 1240 Lancaster Crescent

BRAND NEW Modern and Contemporary custom built home located in the friendly and convenient neighborhood Sea Island. Enjoy quick access to Vancouver, Richmond, Airport, Shopping centers, Canada Line and etc. This beautiful home features an open concept design with spacious living, dining and kitchen areas. The main kitchen boasts a large island, ample cabinetry and high end appliances. Comfortable family room offers expansive windows and folding glass doors that fill the space with natural lights. Upstairs includes a large primary bedroom with a deep walk in closet, plus 3 bedrooms with their own ensuite as well. A spacious, fully equipped, separate legal suite provides an excellent mortgage helper. Steps to basketball, tennis & children play areas. Bring your buyers today!

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Oven, Range Top
Interior Features Central Vacuum
Fireplace 2
Heating Type Hot Water, Natural Gas, Radiant
Cooling Air Conditioning
# of Kitchens 3
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Asphalt
Structures Residential Detached

Building Details

Price $2,280,000
Total Bedrooms 5
Total Bathrooms 6
Full Bathrooms 5
Half Bathrooms 1
Floor Area Total (sqft) 3222
Year Built 2024
Age Of Building 2
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Utility Type Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public
Parking Type Garage Triple
Total Parking Spaces 5
Rental Suites Legal Suite

Lot & Land

Lot Size 6500
Lot Size Depth Feet
Lot Size Frontage 52
MLS® # R3122091
Area Richmond
Neighbourhood Sea Island
City Richmond
Postal Code V7B 1C5
Gross Taxes $7,316.82
Zoning RS1/E

Property Timeline

Status Date Price
R3122091 / Active 05-11-2026 $2,280,000
R3058343 / Expired 10-13-2025 $2,388,888
R2964043 / Terminated 02-02-2025 $2,599,888
R2910257 / Expired 07-26-2024 $2,688,000
R2852235 / Terminated 02-21-2024 $2,888,000
Rooms
Floor Type Dimensions
Main Level Living Room 14' x 14' ft
Main Level Dining Room 14' x 14' ft
Main Level Kitchen 10'8 x 10'8 ft
Main Level Eating Area 8' x 8' ft
Main Level Family Room 13'6 x 13'6 ft
Main Level Wok Kitchen 9' x 9' ft
Main Level Mud Room 6'7 x 6'7 ft
Main Level Living Room 9' x 9' ft
Main Level Kitchen 5'3 x 5'3 ft
Main Level Bedroom 9' x 9' ft
Above Level Primary Bedroom 13'8 x 13'8 ft
Above Level Walk-In Closet 5'3 x 5'3 ft
Above Level Bedroom 12'6 x 12'6 ft
Above Level Bedroom 12'6 x 12'6 ft
Above Level Bedroom 13'9 x 13'9 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #2
Main Level No #4
Above Level No #5
Above Level No #4
Above Level No #4

Listed by: Macdonald Realty Westmar

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
Sea Island Elementary School
0.5 km
Elementary
Sea Island Elementary School
0.5 km

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

Private Schools

Elementary
Pythagoras Academy
1.47 km
Secondary
City Vancouver Academy
1.52 km

Closest Transit

Bus Stop
Northbound Cessna Dr @ Hudson Ave
0.21 km
Skytrain
Skytrain @ Aberdeen Stn
0.76 km

Crime Rate

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

Demographics

Post-Secondary Education
Average
27.7%
No Certificate/Degree
Average
13.9%
Owner Occupied
Average
67.3%
Employment Rate
Above Average
67.4%

Noise/ Power Lines

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

Other

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

Sell Speed & Competition

44 / 100
Overall sell-speed score
May take longer
Price competition grade
No comparable data
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.76 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Possible — near airport
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How SEA ISLAND compares
This property
59 DOM
Average
Sea Island avg
47 DOM
Average
Richmond avg
47 DOM
Faster market

1240 Lancaster Crescent has a sell-speed score of 44/100, placing it in the "May take longer than the area average to sell" band. The listing is has limited comparable pricing data available. The local market is currently a Buyer's Market with a sales-to-active ratio of 9.5% and an area average of 47 days on market — buyers have more leverage. With only 475 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.

Climate Risk for V7B 1C5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V7B 1C5, 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 4.1 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Vancouver International Airport #2, Richmond (~0.5 km). Annual avg AQHI 2.2 — 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 1240 Lancaster Crescent

Pre-computed routes from 1240 Lancaster Cres, Richmond, BC

By transit (Skytrain)

  • Downtown Vancouver via Aberdeen → Waterfront
    33 min
  • Metrotown, Burnaby via Aberdeen → Metrotown
    51 min
  • SFU Burnaby via Aberdeen → Production Way
    58 min
  • Richmond Centre via Aberdeen → Brighouse
    16 min
  • YVR Airport via Aberdeen → YVR-Airport
    21 min

By car (off-peak)

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

Calculate your commute

1240 Lancaster Cres, Richmond, BC is ideally located for commuters. The property is 0.8 km from Aberdeen, with a 33 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Cessna Dr @ Hudson Ave (0.21 km). Walk Score Transit rating: Good Transit (65/100).

Walkability & Transit Near 1240 Lancaster Crescent

Walk Score Badge
Car-Dependent 35

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 65

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
77

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 1240 Lancaster Crescent

/month
Principal & Interest
Property Taxes $610
Maintenance fee 0
A 20% down payment of $456,000 on this $2,280,000 listing yields an estimated mortgage of $8,708/month (30-year fixed, 4%). Total estimated housing cost: $9,318/month, $610 property tax.
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
With $6,663/month in estimated rental income against $9,523/month in mortgage payments, the monthly cashflow is -$2,860/month. A 47% down payment would reach break-even.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Sea Island, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home $2,280,000
Richmond Loading...
Sea Island Loading...

Comparable data is unavailable at the neighbourhood level. City-wide in Richmond, similar Single Family Residences average $3,045,933 across 25 active listings — this listing is 25.1% below the Richmond average.

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 1240 Lancaster Crescent

Walk Score Badge
Car-Dependent 35

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 65

Transit Score - Good Transit

Many nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
77

Bike Score - Very Bikeable

Biking is convenient for most trips

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