5531 Oliver Dr, Richmond BC - Single Family Residence for Sale - MLS# R3108909

$1,258,000
Est. Mortgage $5,565/mo
4 Beds
3 Baths
2185 sqft
576 $ /sqft
1992 built
$1,258,000
$1,299,000
Est. $5,565/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 5531 Oliver Drive

This home features 3 bedrooms and 2 full bathrooms upstairs, along with a 1-bedroom & 1 Bath suite with a separate entrance downstairs - ideal for a growing family or as a mortgage helper. Enjoy a fantastic open-concept layout with a large kitchen, spacious dining area perfect for family meals, and a warm, cozy family room with a fireplace. Backs onto a lush greenbelt, offering privacy and potential for a garden oasis. Roof (2012), laminate flooring (2012), extra-large double garage with a spacious driveway for parking. Walking distance to McLean Park, Hamilton Elementary & Community Centre; short drive to Richmond & Easy access to Hwy 91. Open House 28 June ( Sun) 2-4 pm.

Interior Features

Basement Finished Area (sqft) 0
Basement Features Exterior Entry
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace 2
Heating Type Forced Air, Natural Gas
# of Kitchens 2
Flooring Mixed
Foundation Slab

Exterior Features

Roof Asphalt
Structures Residential Detached

Building Details

Price $1,258,000
Total Bedrooms 4
Total Bathrooms 3
Full Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 2185
Year Built 1992
Age Of Building 34
Building Type Single Family Residence
Property Type Residential
Stories 2
Ownership Type Freehold NonStrata
Community Features Shopping Nearby
Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Garage Double, Open, Front Access, Aggregate
Total Parking Spaces 4
Rental Suites None

Lot & Land

Lot Size 3946
Lot Size Depth Feet
Lot Size Frontage 39.4
MLS® # R3108909
Area Richmond
Neighbourhood Hamilton RI
City Richmond
Postal Code V6V 2P2
Gross Taxes $4,509.54
Zoning RSM

Property Timeline

Status Date Price
R3108909 / Active 04-07-2026 $1,258,000
R3060805 / Terminated 10-20-2025 $1,355,000
Rooms
Floor Type Dimensions
Main Level Living Room 19'3 x 19'3 ft
Main Level Dining Room 11' x 11' ft
Main Level Kitchen 15'10 x 15'10 ft
Main Level Family Room 11' x 11' ft
Main Level Primary Bedroom 13'7 x 13'7 ft
Main Level Walk-In Closet 5' x 5' ft
Main Level Bedroom 10'2 x 10'2 ft
Main Level Bedroom 10'2 x 10'2 ft
Below Foyer 8'6 x 8'6 ft
Below Laundry 6'6 x 6'6 ft
Below Recreation Room 11'4 x 11'4 ft
Below Kitchen 9' x 9' ft
Below Bedroom 9'7 x 9'7 ft
Below Utility 4'2 x 4'2 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4
Main Level Yes #4
Below No #4

Listed by: Magsen Realty Inc. & Magsen Realty Inc.

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

Secondary
Matthew McNair Secondary School
Average
10.44 km
6.3/10

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

Private Schools

Elementary,Secondary
Choice School For Gifted Children
Above Average
1.26 km
10/10
Elementary,Secondary
Choice School For Gifted Children
Above Average
1.26 km
10/10

Closest Transit

Bus Stop
Westbound Westminster Hwy @ Hwy 91
0.54 km
Skytrain
Skytrain @ 22Nd St Stn
3.63 km

Crime Rate

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

Demographics

Post-Secondary Education
Average
28.2%
No Certificate/Degree
Average
14.3%
Owner Occupied
Above Average
75.4%
Employment Rate
Above Average
73.7%

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

43 / 100
Overall sell-speed score
May take longer
B
Price competition grade
Avg comparable: $1,243,533
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 3.63 km from station
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How HAMILTON RI compares
This property
94 DOM
Slower than area
Hamilton RI avg
47 DOM
Average
Richmond avg
47 DOM
Faster market

5531 Oliver Drive has a sell-speed score of 43/100, placing it in the "May take longer than the area average to sell" band. The listing is priced 1.2% above comparable active properties in Hamilton RI. 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 V6V 2P2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6V 2P2, 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 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~4.6 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 5531 Oliver Drive

Pre-computed routes from 5531 Oliver Dr, Richmond, BC

By transit (Skytrain)

  • Downtown Vancouver via 22nd Street → Waterfront
    72 min
  • Metrotown, Burnaby via 22nd Street → Metrotown
    54 min
  • SFU Burnaby via 22nd Street → Production Way
    60 min
  • Richmond Centre via 22nd Street → Brighouse
    97 min
  • YVR Airport via 22nd Street → YVR-Airport
    98 min

By car (off-peak)

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

Calculate your commute

5531 Oliver Dr, Richmond, BC is ideally located for commuters. The property is 3.6 km from 22nd Street, with a 72 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Westminster Hwy @ Hwy 91 (0.54 km). Walk Score Transit rating: Some Transit (42/100).

Walkability & Transit Near 5531 Oliver Drive

Walk Score Badge
Car-Dependent 44

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 42

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 5531 Oliver Drive

/month
Principal & Interest
Property Taxes $376
Maintenance fee 0
Based on a 30-year fixed at 4% interest with 20% down ($251,600), the estimated monthly payment for this listing is $5,181/month — $4,805 principal & interest, $376 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
At an estimated rental income of $4,797/month, this property runs a $544/month shortfall after mortgage and carrying costs. Break-even requires approximately 30% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Hamilton RI, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home $1,258,000
Richmond Loading...
Hamilton RI Loading...

Based on 3 comparable active Single Family Residences in Hamilton RI, the average asking price is $1,256,833. This listing is priced 0.1% above the neighbourhood 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 5531 Oliver Drive

Walk Score Badge
Car-Dependent 44

Walk Score - Car-Dependent

Most errands require a car
Transit Score Badge
Some Transit 42

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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