1240 Lancaster Cres, Richmond, BC, MLS® R3058343

$2,388,888
Est. Mortgage /mo

$2,388,888
Est. Mortgage /mo
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
5 Beds
6 Baths
2 Stories
lot 6496 sqft
3222 sqft
2024 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

1240 Lancaster Cres, Richmond, BC | MLS® R3058343 Property Details

Brand New Luxury Custom Build home located at the fantastic location in Sea Island. This beautiful home features upstairs you'll find your primary bedroom with large bathroom and a large walk in closet plus 3 bedrooms with their own ensuite as well. Main floor has a large kitchen with open concept design & a good sized wok kitchen. Beautiful fireplaces in living room & family room. On the side of the main floor is equipped with fully separate and legal bonus in-law suite or to act as a mortgage helper. Friendly and convenient neighborhood with basketball, tennis & children play areas nearby. Quick access to Vancouver, downtown Richmond, shopping centers, Canada Line, Superstore and schools are mins away. This beautiful custom built home is now ready to move in.Showing by appointment only.

General Info

Price $2,388,888
Total Bedrooms 5
Total Bathrooms 5
Half Bathrooms 1
Floor Area Total (sqft) 3222
Lot Size 6496
Lot Size Depth Feet
Lot Size Frontage 51.97
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 2024
Age Of Building 1
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Oven, Range Top
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3058343
Area Richmond
Neighbourhood Sea Island
City Richmond
Gross Taxes $7,316.82
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace 2
Heating Type Hot Water, Natural Gas, Radiant
Cooling Air Conditioning

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Additional Parking, Garage Triple, Open, Rear Access
Total Parking Spaces 5

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Strata Restrictions -
Rental Restrictions -
Zoning RS-1/E
Rental Suites Legal Suite
# of Kitchens 3
Flooring Wall/Wall/Mixed
Foundation Concrete Perimeter
Interior Features Central Vacuum
Locker -
View -
View Description -
Units In Development -
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: Selmak Realty Limited

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.

Neighborhood Info

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

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

Welcome to 1240 Lancaster Crescent in Richmond, BC

As we walk through the beautiful neighborhood of Sea Island, you'll notice the charming homes and the sense of community that makes this area so special. Let's start with the schools, shall we?

Education

The property at 1240 Lancaster Crescent, Richmond, BC, with the MLS® R3058343 listing, is conveniently located near Sea Island Elementary School, just 0.5 km away. While Sea Island Elementary School doesn't have a rating, it's a great option for families in the area. Additionally, there's Pythagoras Academy, an independent elementary school with no rating, located 1.47 km from this home. For secondary education, City Vancouver Academy, another independent school with no rating, is just 1.52 km away.

Safety

When it comes to safety, the latest crime data from Statistics Canada (2020) shows that the neighborhood around 1240 Lancaster Crescent, Richmond, BC, has an overall crime rate of 7,826.57, which is considered Average compared to other Canadian cities. The rate is calculated per 100,000 population, giving you peace of mind about the community. There were 16,909 disturbances in the area in 2020.

Crime Rates

Let's break down the crime rates in more detail:

  • Drug crime rate: High, with a rating of 2,081.96, indicating 4,498 illegal substances lawbreaking disturbances in 2020.
  • Property crime rate: Average, with a rating of 3,238.66, signifying 6,997 property misconduct incidents in 2020.
  • Violent crime rate: Low, with a rating of 919.25, representing 1,986 violent lawbreaking disorders in 2020.

Transportation

Getting around is easy, with the Northbound Cessna Dr @ Hudson Ave bus station just 0.21 km away from this property with MLS® R3058343.

Demographics

The community around 1240 Lancaster Crescent, Richmond, BC, is diverse and growing. Here are some interesting facts:

  • 27.7% of residents have a university certificate/degree, which is Above Average compared to other BC neighborhoods.
  • 13.9% of the population has no certificate or degree, which is Below Average compared to the BC average.
  • Median Household Income is $102,400, which is High compared to the British Columbia average.
  • Median personal income is $45,491, also High compared to the BC average.
  • 67.3% of households in the area have a mortgage, which is Above Average.

Living in Sea Island

This neighborhood is a great place to call home, with a population change of 3.2% between 2011 and 2016, which is Above Average. The average family size is 3, which is Above Average, and 67.4% of families in the area have children, also Above Average.

Transportation and Commuting

Getting around is convenient, with 76.7% of residents using Cars, 9.3% using Public Transport, 8.1% using Bicycles, and 3.5% walking.

Real Estate Context

The average value of dwellings in this neighborhood is $926,113, which is High compared to other areas in British Columbia. Average Owner payments are Above Average, with $1,476 spent on dwellings, while Tenants pay $1,599 in this district.

Final Thoughts

1240 Lancaster Crescent, Richmond, BC, with the MLS® R3058343 listing, is a wonderful place to live, with its convenient location, excellent schools, and safe community. Whether you're a family, professional, or retiree, this neighborhood has something for everyone.

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,388,888
Richmond $2,962,450
Sea Island No comparables
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 Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
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
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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