5555 Wallace Rd, Richmond, BC | MLS^® R2854238 Property Details

11.1% price reduction

Investor alert! A large lot 8412 sqft in Steveston North Richmond. Potential to build a beautiful new custom dream home. South facing, Steps away from parks, Steveston-London Secondary and McKinney Elementary and recreation.

General Info

Price $1,938,000

Total Bedrooms 4

Total Bathrooms 2

Half Bathrooms 0

Floor Area Total (sqft) 1928

Lot Size 8412

Lot Size Depth Feet

Lot Size Frontage 60

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 1971

Age Of Building 54

Building Type Single Family Residence

Property Type Residential

Stories 2

Appliances Included Washer/Dryer

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R2854238

Area Richmond

Neighbourhood Steveston North

City Richmond

Gross Taxes $5,700.71

Ownership Type Freehold NonStrata

Maintenance Fee -

Fixtures Included -

Heating & Cooling

Fireplace 1

Heating Type Natural Gas

Utilities

Utility Type Community, Electricity Connected, Natural Gas Connected

Utility Sewer Public Sewer

Water (WaterSource) Public

Parking

Parking Type Garage Single, Front Access

Total Parking Spaces 4

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Strata Restrictions -

Rental Restrictions -

Zoning RS1/E

Rental Suites None

# of Kitchens 1

Flooring Mixed

Foundation Concrete Perimeter

Locker -

View -

View Description -

Units In Development -

Sewer Public Sewer

Roof Other

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	16'0 x 16'0 ft
Main Level	Dining Room	9'0 x 9'0 ft
Main Level	Kitchen	17'0 x 17'0 ft
Main Level	Bedroom	13'0 x 13'0 ft
Main Level	Bedroom	11'0 x 11'0 ft
Main Level	Bedroom	12'0 x 12'0 ft
Below	Recreation Room	25'0 x 25'0 ft
Below	Bedroom	10'0 x 10'0 ft
Below	Laundry	5'0 x 5'0 ft

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

Secondary

Steveston-London Secondary School

0.98 km

Elementary

James McKinney Elementary School

Above Average

0.14 km

7.5/10

Elementary

James McKinney Elementary School

0.14 km

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

Private Schools

Elementary

St.Joseph the Worker School

0.93 km

Elementary, Secondary

Richmond Christian School

5.2 km

9.3/10

Excellent

Closest Transit

Bus Stop

Southbound No. 2 Rd @ Wallace Rd

0.29 km

Skytrain

Skytrain @ Brighouse Stn

3.83 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 the beautiful community of Steveston North in Richmond, BC! As your trusted realtor, I'm excited to explore the amazing features of this neighborhood with you. Let's start with the fantastic schools in the area.

Excellent Education Options

Just down the road from 5555 Wallace Road, you'll find James McKinney Elementary School, which is rated 7.5/10 and located just 0.14 km away. This school is a top choice for families, offering a supportive learning environment and excellent academic programs. According to Statistics Canada's 2020 report, the school's proximity to this home is just one of the many benefits of living in this community.

Secondary Education and Beyond

For secondary education, Steveston-London Secondary School is just 0.98 km away from 5555 Wallace Road, with a rating of No Rating. This school offers a wide range of courses and programs to help students succeed. For those interested in private education, St.Joseph the Worker School is an excellent option, located just 0.93 km away, and Richmond Christian School is a top choice for families, offering a rating of 9.3/10 and located 5.2 km away.

Safe and Supportive Community

According to the latest crime data from Statistics Canada (2020), the neighborhood around 5555 Wallace Road, Richmond, BC has an average crime rate of 7,826.57. Compared to other Canadian cities, this rate is typical of urban areas. What's more, the year-over-year change in the total crime rate is -3.39%, indicating a downward trend in crime.

Demographics and Lifestyle

The community surrounding 5555 Wallace Road is diverse and vibrant, with 35.7% of residents holding a university certificate or degree, which is High in comparison to other BC neighborhoods. On the other hand, 11.2% of the population in this area have no certificate or degree, which is Low compared to the average in BC. This suggests a well-educated and professional community.

Convenient Transportation

Getting around is easy from 5555 Wallace Road, with the Southbound No. 2 Rd @ Wallace Rd bus station just 0.29 km away. This makes it simple to commute to work, school, or run errands.

Affordable and Comfortable Living

The median household income in the area is $88,883, which is Above Average in comparison to the British Columbia average. This suggests a comfortable and stable community. However, the median personal income is $29,936, which is Below Average compared to the BC average. Additionally, 52.7% of households in this area have a mortgage, which is Below Average.

Thriving Community

The unemployment rate in the area is 3.9%, which is Low in comparison to other province neighborhoods. This indicates a strong and stable economy. The population change between 2011 and 2016 was -7.9%, which is Low compared to average growth rates in this region.

Lifestyle and Amenities

The community surrounding 5555 Wallace Road offers a wide range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, coffee shops, and hospitals nearby. This makes it an excellent choice for families, professionals, and anyone looking for a comfortable and convenient lifestyle.

Real Estate Context

The average value of dwellings in this neighborhood is $1,252,544, which is High compared to other areas in British Columbia. However, the average owner payments are Above Average in the area adjacent to 5555 Wallace Road, with owners spending an average of $1,505 per month. Tenants are paying $1,477 in this district, which is also High compared to other cities.

Renters and Language

15.2% of the population in this district near 5555 Wallace Road are renters, which is Below Average compared to other BC cities and areas. The language profile of the area is diverse, with 5.5% of residents speaking English and French, 85.7% speaking English only, and 8.8% speaking neither English nor French, which is High compared to other BC cities.

Transportation Options

15.8% of the population in this area uses public transport, which is Above Average. 81.3% of residents use cars, which is Below Average, and 1.1% use bicycles, which is Average. 1.4% of residents walk, which is Low.

In summary, 5555 Wallace Road, Richmond, BC (MLS^® R2854238) offers a unique blend of excellent education options, a safe and supportive community, convenient transportation, and affordable and comfortable living. This home is an excellent choice for families, professionals, and anyone looking for a comfortable and convenient lifestyle.