Home Richmond, BC Hamilton RI 5531 Oliver Drive

5531 Oliver Dr, Richmond BC - Single Family Residence for Sale - MLS# R3108909

152 days on the market

$1,238,000

Est. Mortgage $5,477/mo

Listing updated: Sep 1, 2026 at 02:29pm

EstateBlock checked: Sep 5, 2026 at 10:30pm

4 Beds

3 Baths

2185 sqft

567 $ /sqft

1992 built

152 days on the market

$1,238,000

$1,299,000

Est. $5,477/mo with 20% down

Listing updated: Sep 1, 2026 at 02:29pm

EstateBlock checked: Sep 5, 2026 at 10:30pm

Photos

Exterior Front Photo of 5531 Oliver Drive, Richmond, BC

Exterior Rear Photo of 5531 Oliver Drive, Richmond, BC

Living Room Photo of 5531 Oliver Drive, Richmond, BC

Family Room Photo of 5531 Oliver Drive, Richmond, BC

Dining Area Photo of 5531 Oliver Drive, Richmond, BC

Kitchen Photo of 5531 Oliver Drive, Richmond, BC

Kitchen Island Photo of 5531 Oliver Drive, Richmond, BC

Pantry Photo of 5531 Oliver Drive, Richmond, BC

Breakfast Nook Photo of 5531 Oliver Drive, Richmond, BC

Primary Bedroom Photo of 5531 Oliver Drive, Richmond, BC

This home features 3 bedrooms and 2 full bathrooms upstairs, along with a 1-bedroom & 1 Bath suite with a separate entrance downstairs - ideal for a growing family or as a mortgage helper. Enjoy a fantastic open-concept layout with a large kitchen, spacious dining area perfect for family meals, and a warm, cozy family room with a fireplace. Backs onto a lush greenbelt, offering privacy and potential for a garden oasis. Roof (2012), laminate flooring (2012), extra-large double garage with a spacious driveway for parking. Walking distance to McLean Park, Hamilton Elementary & Community Centre; short drive to Richmond & Easy access to Hwy 91. Open House 28 June ( Sun) 2-4 pm.

Interior Features

Basement Finished Area (sqft)	0
Basement Features	Exterior Entry
Appliances Included	Washer/Dryer, Dishwasher, Refrigerator, Stove
Fireplace	2
Heating Type	Forced Air, Natural Gas
# of Kitchens	2
Flooring	Mixed
Foundation	Slab

Exterior Features

Roof	Asphalt
Structures	Residential Detached

Building Details

Price	$1,238,000
Total Bedrooms	4
Total Bathrooms	3
Full Bathrooms	3
Half Bathrooms	0
Floor Area Total (sqft)	2185
Year Built	1992
Age Of Building	34
Building Type	Single Family Residence
Property Type	Residential
Stories	2
Ownership Type	Freehold NonStrata
Community Features	Shopping Nearby
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer
Water (WaterSource)	Public
Parking Type	Garage Double, Open, Front Access, Aggregate
Total Parking Spaces	4
Rental Suites	None

Lot & Land

Lot Size	3946
Lot Size Depth	Feet
Lot Size Frontage	39.4
MLS^® #	R3108909
Area	Richmond
Neighbourhood	Hamilton RI
City	Richmond
Postal Code	V6V 2P2
Gross Taxes	$4,509.54
Zoning	RSM

Property Timeline

Status	Date	Price
R3108909 / Active	04-07-2026	$1,238,000
to view full Property History (1 earlier record)

Rooms

Floor	Type	Dimensions
Main Level	Living Room	19'3 x 19'3 ft
Main Level	Dining Room	11' x 11' ft
Main Level	Kitchen	15'10 x 15'10 ft
Main Level	Family Room	11' x 11' ft
Main Level	Primary Bedroom	13'7 x 13'7 ft
Main Level	Walk-In Closet	5' x 5' ft
Main Level	Bedroom	10'2 x 10'2 ft
Main Level	Bedroom	10'2 x 10'2 ft
Below	Foyer	8'6 x 8'6 ft
Below	Laundry	6'6 x 6'6 ft
Below	Recreation Room	11'4 x 11'4 ft
Below	Kitchen	9' x 9' ft
Below	Bedroom	9'7 x 9'7 ft
Below	Utility	4'2 x 4'2 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4
Main Level	Yes	#4
Below	No	#4

Listed by: Magsen Realty Inc. & Magsen 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.

Map & Neighbourhood

Public Schools

Secondary
Matthew McNair Secondary School: Average 10.44 km 6.3/10

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

Private Schools

Elementary,Secondary
Choice School For Gifted Children: Above Average 1.26 km 10/10
Elementary,Secondary
Choice School For Gifted Children: Above Average 1.26 km 10/10

Closest Transit

Bus Stop
Westbound Westminster Hwy @ Hwy 91: 0.54 km
Skytrain
Skytrain @ 22Nd St Stn: 3.63 km

Crime Rate

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

Demographics

Post-Secondary Education: Average 28.2%
No Certificate/Degree: Average 14.3%
Owner Occupied: Above Average 75.4%
Employment Rate: Above Average 73.7%

Noise/ Power Lines

Road/Hwy Noise: Unlikely
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

45 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $1,289,996

Buyer's

Market conditions

Buyer's market — more supply than demand

Flood Risk (FEMA/BC)

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 3.63 km from station

Road / Highway noise

Unlikely

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How HAMILTON RI compares

This property

152 DOM

Slower than area

Hamilton RI avg

42 DOM

Average

Richmond avg

42 DOM

Faster market

5531 Oliver Drive has a sell-speed score of 45/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 4.2% below comparable active properties in Hamilton RI, 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 V6V 2P2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6V 2P2, 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 4.4 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Burnaby South, Burnaby (~4.6 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 (1 nearby)

Happy break cafe · 930 m · Restaurant

Transit (1 nearby)

Bus stop westbound gordon way @ 21300 block · 939 m · Transit

Schools NearBy

6 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
Hamilton Elementary	Public	Grades Served —	Catchment Info —	6.8 / 10	Distance 997 m
Choice School For Gifted Children	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 1.26 KM
Fraser Park Secondary School Program	Public	Grades Served —	Catchment Info —	0	Distance 1.49 KM
Ahmadiyya Muslim School	Independent	Grades Served —	Catchment Info —	0	Distance 2.79 KM
Queen Elizabeth Elementary School	Public	Grades Served K-4	Catchment Info —	6.5 / 10	Distance 2.82 KM
Our Lady of Mercy	Independent	Grades Served —	Catchment Info —	10.0 / 10	Distance 2.84 KM

Pre-computed routes from 5531 Oliver Dr, Richmond, BC

5531 Oliver Dr, Richmond, BC 22nd Street 3.6 km

72 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via 22nd Street → Waterfront
72 min
Metrotown, Burnaby via 22nd Street → Metrotown
54 min
SFU Burnaby via 22nd Street → Production Way
60 min
Richmond Centre via 22nd Street → Brighouse
97 min
YVR Airport via 22nd Street → YVR-Airport
98 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
19 min
Metrotown, Burnaby via Lougheed Hwy
7 min
SFU Burnaby via Gaglardi Way
12 min
Richmond Centre via No. 3 Rd
14 min
YVR Airport via Bridgeport / Sea Island
18 min

Calculate your commute

5531 Oliver Dr, Richmond, BC is ideally located for commuters. The property is 3.6 km from 22nd Street, with a 72 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Westminster Hwy @ Hwy 91 (0.54 km). Walk Score Transit rating: Some Transit (42/100).

Walkability & Transit Near 5531 Oliver Drive

Car-Dependent 44

Walk Score - Car-Dependent

Most errands require a car

Some Transit 42

Transit Score - Some Transit

A few nearby public transportation options

Somewhat
Bikeable 38

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for 5531 Oliver Drive

Home Price

Down Payment

Down Payment (percent)

Interest Rate

Loan Type

/month

Principal & Interest

Property Taxes $376

Maintenance fee 0

Based on a 30-year fixed at 4% interest with 20% down ($247,600), the estimated monthly payment for this listing is $5,104/month — $4,728 principal & interest, $376 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: Sep 1, 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

At an estimated rental income of $4,739/month, this property runs a $523/month shortfall after mortgage and carrying costs. Break-even requires approximately 29% down.

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

Estateblock Rent Estimate for 5531 Oliver Drive, 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.