Home Richmond, BC Sea Island 1240 Lancaster Crescent

1240 Lancaster Cres, Richmond BC - Single Family Residence for Sale - MLS# R3122091

118 days on the market

$2,280,000

Est. Mortgage $10,087/mo

Listing updated: Jul 16, 2026 at 09:04am

EstateBlock checked: Sep 6, 2026 at 01:30am

5 Beds

6 Baths

3222 sqft

708 $ /sqft

2024 built

19.2% cheaper than comps

118 days on the market

$2,280,000

Est. $10,087/mo with 20% down

Listing updated: Jul 16, 2026 at 09:04am

EstateBlock checked: Sep 6, 2026 at 01:30am

Photos

Exterior Front Photo of 1240 Lancaster Crescent, Richmond, BC

Exterior Rear Photo of 1240 Lancaster Crescent, Richmond, BC

Living Room Photo of 1240 Lancaster Crescent, Richmond, BC

Family Room Photo of 1240 Lancaster Crescent, Richmond, BC

Dining Area Photo of 1240 Lancaster Crescent, Richmond, BC

Kitchen Photo of 1240 Lancaster Crescent, Richmond, BC

Kitchen Island Photo of 1240 Lancaster Crescent, Richmond, BC

Pantry Photo of 1240 Lancaster Crescent, Richmond, BC

Breakfast Nook Photo of 1240 Lancaster Crescent, Richmond, BC

Primary Bedroom Photo of 1240 Lancaster Crescent, Richmond, BC

BRAND NEW Modern and Contemporary custom built home located in the friendly and convenient neighborhood Sea Island. Enjoy quick access to Vancouver, Richmond, Airport, Shopping centers, Canada Line and etc. This beautiful home features an open concept design with spacious living, dining and kitchen areas. The main kitchen boasts a large island, ample cabinetry and high end appliances. Comfortable family room offers expansive windows and folding glass doors that fill the space with natural lights. Upstairs includes a large primary bedroom with a deep walk in closet, plus 3 bedrooms with their own ensuite as well. A spacious, fully equipped, separate legal suite provides an excellent mortgage helper. Steps to basketball, tennis & children play areas. Bring your buyers today!

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove, Oven, Range Top
Interior Features	Central Vacuum
Fireplace	2
Heating Type	Hot Water, Natural Gas, Radiant
Cooling	Air Conditioning
# of Kitchens	3
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Balcony
Roof	Asphalt
Structures	Residential Detached

Building Details

Price	$2,280,000
Total Bedrooms	5
Total Bathrooms	6
Full Bathrooms	5
Half Bathrooms	1
Floor Area Total (sqft)	3222
Year Built	2024
Age Of Building	2
Building Type	Single Family Residence
Property Type	Residential
Stories	2
Ownership Type	Freehold NonStrata
Utility Type	Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Garage Triple
Total Parking Spaces	5
Rental Suites	Legal Suite

Lot & Land

Lot Size	6500
Lot Size Depth	Feet
Lot Size Frontage	52
MLS^® #	R3122091
Area	Richmond
Neighbourhood	Sea Island
City	Richmond
Postal Code	V7B 1C5
Gross Taxes	$7,316.82
Zoning	RS1/E

Property Timeline

Status	Date	Price
R3122091 / Active	05-11-2026	$2,280,000
to view full Property History (4 earlier records)

Rooms

Floor	Type	Dimensions
Main Level	Living Room	14' x 14' ft
Main Level	Dining Room	14' x 14' ft
Main Level	Kitchen	10'8 x 10'8 ft
Main Level	Eating Area	8' x 8' ft
Main Level	Family Room	13'6 x 13'6 ft
Main Level	Wok Kitchen	9' x 9' ft
Main Level	Mud Room	6'7 x 6'7 ft
Main Level	Living Room	9' x 9' ft
Main Level	Kitchen	5'3 x 5'3 ft
Main Level	Bedroom	9' x 9' ft
Above Level	Primary Bedroom	13'8 x 13'8 ft
Above Level	Walk-In Closet	5'3 x 5'3 ft
Above Level	Bedroom	12'6 x 12'6 ft
Above Level	Bedroom	12'6 x 12'6 ft
Above Level	Bedroom	13'9 x 13'9 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#2
Main Level	No	#4
Above Level	No	#5
Above Level	No	#4
Above Level	No	#4

Listed by: Macdonald Realty Westmar

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

Private Schools

Elementary
Pythagoras Academy: Above Average 1.47 km 8.4/10
Secondary
City Vancouver Academy: Average 1.52 km 4.3/10

Closest Transit

Bus Stop
Northbound Cessna Dr @ Hudson Ave: 0.21 km
Skytrain
Skytrain @ Aberdeen Stn: 0.76 km

Crime Rate

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

Demographics

Post-Secondary Education: Average 27.7%
No Certificate/Degree: Average 13.9%
Owner Occupied: Average 67.3%
Employment Rate: Above Average 67.4%

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

Sell Speed & Competition

60 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $2,717,760

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 0.76 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Possible — near airport

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How SEA ISLAND compares

This property

118 DOM

Slower than area

Sea Island avg

42 DOM

Average

Richmond avg

42 DOM

Faster market

1240 Lancaster Crescent has a sell-speed score of 60/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 19.2% below comparable active properties in Sea Island, which is a strong competitive signal. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.7% and an area average of 42 days on market — buyers have more leverage. With only 653 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V7B 1C5

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V7B 1C5, 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 4.1 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Vancouver International Airport #2, Richmond (~0.5 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Richmond currently sees ~1 day 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

Restaurants (37 nearby)

The deck kitchen + bar · 554 m · Restaurant
Lanxuan restaurant · 818 m · Restaurant
Red star seafood restaurant · 818 m · Restaurant

Shopping (17 nearby)

Mr rent a car · 609 m · Car Rental
Rbc · 777 m · Bank
Bmo · 780 m · Bank

Groceries (9 nearby)

Oui patisserie · 632 m · Bakery
Unique bakery · 800 m · Bakery
Little fox bakehouse · 847 m · Bakery

Cafes (5 nearby)

Car's dessert · 819 m · Cafe
Paragon tea room · 935 m · Cafe
Soytalk · 954 m · Cafe

Gyms (5 nearby)

Clearone badminton centre · 829 m · Gym
Top 147 snooker · 831 m · Gym
Q1 billiards · 845 m · Gym

Transit (3 nearby)

Skytrain @ aberdeen stn station · 757 m · Transit
Skytrain @ templeton stn station · 959 m · Transit
Bus stop westbound capstan way @ no. 3 rd · 989 m · Transit

Healthcare (1 nearby)

Cap pharmacy · 878 m · Healthcare

Schools NearBy

17 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Station Stretch	Public	Grades Served 4, 8-12	Catchment Info —	4.2 / 10	Distance 1.38 KM
Pythagoras Academy	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 1.47 KM
City Vancouver Academy	Independent	Grades Served 10-12	Catchment Info —	4.3 / 10	Distance 1.52 KM
St. Anthony of Padua	Independent	Grades Served K-7	Catchment Info —	9.4 / 10	Distance 1.95 KM
R. C. Talmey Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 1.97 KM
Tomsett Elementary School	Public	Grades Served K-7	Catchment Info —	7.5 / 10	Distance 2.22 KM
Vancouver Montessori School	Independent	Grades Served K	Catchment Info —	9.6 / 10	Distance 2.23 KM
Maple Hill School	Independent	Grades Served —	Catchment Info —	5.6 / 10	Distance 2.41 KM
Samuel Brighouse Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.42 KM
Virtuelle	Public	Grades Served —	Catchment Info —	0	Distance 2.50 KM
David Lloyd George Elementary School	Public	Grades Served K-7	Catchment Info —	6.5 / 10	Distance 2.59 KM
Robert J. Tait Elementary School	Public	Grades Served K-7	Catchment Info —	7.7 / 10	Distance 2.60 KM
William Cook Elementary School	Public	Grades Served K-7	Catchment Info —	6.2 / 10	Distance 2.77 KM
Continuing Ed SD 38	Public	Grades Served —	Catchment Info —	2.6 / 10	Distance 2.78 KM
Royal Canadian College	Independent	Grades Served 9-12	Catchment Info —	5.6 / 10	Distance 2.91 KM
Archibald Blair Elementary	Public	Grades Served —	Catchment Info —	8.5 / 10	Distance 2.92 KM
Richmond Secondary	Public	Grades Served —	Catchment Info —	8.1 / 10	Distance 2.96 KM

Pre-computed routes from 1240 Lancaster Cres, Richmond, BC

1240 Lancaster Cres, Richmond, BC Aberdeen 0.8 km

33 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Aberdeen → Waterfront
33 min
Metrotown, Burnaby via Aberdeen → Metrotown
51 min
SFU Burnaby via Aberdeen → Production Way
58 min
Richmond Centre via Aberdeen → Brighouse
16 min
YVR Airport via Aberdeen → YVR-Airport
21 min

By car (off-peak)

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

Calculate your commute

1240 Lancaster Cres, Richmond, BC is ideally located for commuters. The property is 0.8 km from Aberdeen, with a 33 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Cessna Dr @ Hudson Ave (0.21 km). Walk Score Transit rating: Good Transit (65/100).

Walkability & Transit Near 1240 Lancaster Crescent

Car-Dependent 35

Walk Score - Car-Dependent

Most errands require a car

Some Transit 65

Transit Score - Good Transit

Many nearby public transportation options

Somewhat
Bikeable 77

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 1240 Lancaster Crescent

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $610

Maintenance fee 0

A 20% down payment of $456,000 on this $2,280,000 listing yields an estimated mortgage of $8,708/month (30-year fixed, 4%). Total estimated housing cost: $9,318/month, $610 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: Jul 16, 2026

Investment Cashflow Calculator

Property Tax (Monthly)

Basic Insurance Cost

Rental Income

Vacancy Rate

Down Payment

Down Payment (percent)

/month

Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

With $6,663/month in estimated rental income against $9,523/month in mortgage payments, the monthly cashflow is -$2,860/month. A 47% down payment would reach break-even.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 1240 Lancaster Crescent, Richmond

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.