5500 Westminster Hwy, Richmond, BC, MLS® R2990021

$1,990,000
Est. Mortgage /mo

8.7% price reduction

$1,990,000
$2,180,000
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
6 Beds
4 Baths
2 Stories
lot 6212 sqft
3098 sqft
1990 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

5500 Westminster Hwy, Richmond, BC | MLS® R2990021 Property Details

8.7% price reduction

Prime location in Richmond! This beautifully renovated 3000+sq ft home is steps to transit, groceries, shopping, Richmond Oval, and top schools like Blaire Elementary & Bennett High. Over $100K in upgrades: new laminate "hardwood" floors, ceramic tiles, granite counters, designer paint, and a gourmet kitchen. Bright, open layout ideal for family living and entertaining. BONUS; a self-contained one-bedroom in-law suite with separate entrance—perfect for guests or rental income. Move-in ready comfort and convenience in one of Richmond’s most desirable neighborhoods!

General Info

Price $1,990,000
Total Bedrooms 6
Total Bathrooms 4
Half Bathrooms 0
Floor Area Total (sqft) 3098
Lot Size 6212
Lot Size Depth Feet
Lot Size Frontage 0
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1990
Age Of Building 35
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R2990021
Area Richmond
Neighbourhood Riverdale RI
City Richmond
Gross Taxes 0
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Radiant

Utilities

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

Parking

Parking Type Garage Double, Rear Access, Garage Door Opener
Total Parking Spaces 6

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Strata Restrictions -
Rental Restrictions -
Zoning RS1
Rental Suites Legal Suite,Unauthorized Suite
# of Kitchens 1
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Garden, Balcony
Sewer Public Sewer
Roof Tile

Property History

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Status Date Price
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Listed by: Nu Stream 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.

Neighborhood Info

Public Schools

Elementary
Archibald Blair Elementary School
Above Average
0.53 km
8/10
Secondary
J N Burnett Secondary School
0.8 km
Elementary
Archibald Blair Elementary School
0.53 km

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

Private Schools

Elementary
Pythagoras Academy
2.95 km
Secondary
City Vancouver Academy
3.15 km

Closest Transit

Bus Stop
Eastbound Westminster Hwy @ Lynas Lane
0.02 km
Skytrain
Skytrain @ Brighouse Stn
2.02 km

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

Welcome to 5500 Westminster Highway, Richmond, BC - MLS® R2990021

As we walk through the charming Riverdale neighborhood, you'll discover why this community is a sought-after destination for families and individuals alike. Located at 5500 Westminster Highway, this stunning property is nestled in a picturesque area, perfect for those looking for a peaceful and convenient lifestyle.

Excellent Schools in the Area

We're thrilled to see that the property is serviced by the highly-rated Archibald Blair Elementary School, with a rating of 8/10, located just 0.53 km away. This school is a favorite among families in the area, providing a well-rounded education and a strong sense of community. Additionally, J N Burnett Secondary School is also nearby, with a rating of No Rating, and located 0.8 km from the property. For those seeking a private education, Pythagoras Academy, an independent elementary school, is just 2.95 km away, and City Vancouver Academy, an independent secondary school, is 3.15 km from the property.

Safe and Secure Community

According to Statistics Canada's 2020 report, the neighborhood surrounding 5500 Westminster Highway, Richmond, BC, has an overall crime rate of 7,826.57, which is considered Average compared to other Canadian cities. While there were 16,909 disturbances in the area, the crime rate per 100,000 population is relatively low, providing residents with peace of mind.

Thriving Community with Various Amenities

The area around 5500 Westminster Highway is home to a diverse population, with 36.1% of residents holding a university certificate or degree, making it a hub for education and career growth. The median household income is $68,096, which is Average compared to the British Columbia average. With a strong economy and a high percentage of families with children (69.4%), this community is an excellent choice for those seeking a stable and supportive environment.

Convenient Location with Easy Access to Transit

The property is just a short walk from the Eastbound Westminster Hwy @ Lynas Lane bus station, making commuting to work or school a breeze. The neighborhood is also close to major highways, providing easy access to various parts of the city.

Amenities and Lifestyle

The Riverdale neighborhood offers an array of amenities, including parks, beaches, trails, and shopping centers. The area is also home to several grocery stores, restaurants, and coffee shops, making it easy to maintain a healthy and active lifestyle. With its picturesque location and excellent schools, 5500 Westminster Highway is an ideal choice for families and individuals seeking a comfortable and convenient lifestyle.

Real Estate Context

The average value of dwellings in the area is $860,392, which is High compared to other areas in British Columbia. The average owner payments are Above Average, with homeowners spending an average of $1,374 on their properties. Tenants are also paying Above Average rents, with an average of $1,301 per month.

Demographics and Lifestyle

The population in the area surrounding 5500 Westminster Highway is diverse, with 23.6% of residents being renters, which is Average compared to other BC cities. The neighborhood has a high percentage of English speakers (84.4%), but a low percentage of French speakers (4.8%). The area also has a high percentage of people using public transportation (18.2%), making it an excellent choice for those seeking a convenient and eco-friendly lifestyle.

Investment Opportunity

For those seeking a solid investment opportunity, 5500 Westminster Highway, Richmond, BC, MLS® R2990021, is an excellent choice. With its high average value of dwellings and Above Average owner payments, this property is sure to appreciate in value over time.

Experience the Best of Richmond

Don't miss out on this incredible opportunity to live in one of Richmond's most sought-after neighborhoods. Contact me today to schedule a viewing and experience the best of what 5500 Westminster Highway, Richmond, BC, has to offer.

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 $1,990,000
Richmond $2,115,000
Riverdale RI 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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