7322 Armstrong St, Richmond BC - Land for Sale - MLS# R3099366

$1,248,000
Est. Mortgage $5,521/mo
Mclennan South
0 sqft
$1,248,000
Est. $5,521/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

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Property Details for 7322 Armstrong Street

Fully Serviced Building Lot in Central Richmond close to Garden City Park. Excellent opportunity for building your dream home or for builders. Can build single family home or a multiplex. All services at the property line and paid for by the developer. Earthwork done and ready to start building.

Exterior Features

Structures Land Only

Building Details

Price $1,248,000
Property Type Land
Building Name Mclennan South
Ownership Type Freehold NonStrata
Community Features Near Shopping
Utility Type Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity At Lot Line, Natural Gas At Lot Line, Natural Gas Connected, Cable At Lot Line, Cable Connected
Water (WaterSource) Public

Lot & Land

Lot Size 4370
Lot Size Depth Feet
Lot Size Frontage 37.8
MLS® # R3099366
Area Richmond
Neighbourhood McLennan North
City Richmond
Postal Code V6Y 0J1
Gross Taxes $4,650.07
Zoning RSM/S

Property Timeline

Status Date Price
R3099366 / Active 03-12-2026 $1,248,000

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
Howard De Beck Elementary School
Above Average
1.06 km
7.7/10
Secondary
R C Palmer Secondary School
1.09 km
Elementary
Howard De Beck Elementary School
1.06 km

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

Private Schools

Elementary
St.Paul School
Above Average
1.24 km
10/10
Secondary
City Vancouver Academy
2.64 km

Closest Transit

Bus Stop
Southbound No. 4 Rd @ 7500 Block
0.31 km
Skytrain
Skytrain @ Brighouse Stn
1.60 km

Crime Rate

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

Demographics

Post-Secondary Education
Above Average
39.3%
No Certificate/Degree
Below Average
11.7%
Owner Occupied
Average
68.5%
Employment Rate
Above Average
68.8%

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

Sell Speed & Competition

44 / 100
Overall sell-speed score
May take longer
B
Price competition grade
Avg comparable: $1,248,000
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 1.60 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How MCLENNAN NORTH compares
This property
119 DOM
Slower than area
McLennan North avg
47 DOM
Average
Richmond avg
47 DOM
Faster market

7322 Armstrong Street 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 priced in line with comparable active properties in McLennan North. 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 V6Y 0J1

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6Y 0J1, 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 (~2.2 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 7322 Armstrong Street

Pre-computed routes from 7322 Armstrong St, Richmond, BC

By transit (Skytrain)

  • Downtown Vancouver via Brighouse → Waterfront
    47 min
  • Metrotown, Burnaby via Brighouse → Metrotown
    65 min
  • SFU Burnaby via Brighouse → Production Way
    72 min
  • Richmond Centre
    22 min
  • YVR Airport via Brighouse → YVR-Airport
    35 min

By car (off-peak)

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

Calculate your commute

7322 Armstrong St, Richmond, BC is ideally located for commuters. The property is 1.6 km from Brighouse, with a 47 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Southbound No. 4 Rd @ 7500 Block (0.31 km). Walk Score Transit rating: Some Transit (43/100).

Walkability & Transit Near 7322 Armstrong Street

Walk Score Badge
Car-Dependent 64

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 43

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
61

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 7322 Armstrong Street

/month
Principal & Interest
Property Taxes $388
Maintenance fee 0
Financing 80% of the $1,248,000 asking price over 30 years at 4% results in approximately $5,155/month in total estimated carrying costs, $388 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
This listing generates an estimated $3,627/month in rental income, leaving a -$1,687/month cashflow at current carrying costs. Investors targeting break-even would need roughly 49% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — McLennan North, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home $1,248,000
Richmond Loading...
McLennan North Loading...

Based on 6 comparable active properties in McLennan North, the average asking price is $1,281,333. This listing is priced 2.6% below 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 7322 Armstrong Street

Walk Score Badge
Car-Dependent 64

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot
Transit Score Badge
Some Transit 43

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
61

Bike Score - Bikeable

Some bike infrastructure

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