303 7240 Lindsay Rd, Richmond, BC
$299,900
Est. Mortgage /mo
MLS® R3067083
2
Beds
1
Baths
838
sqft
358
$
/sqft
1974
built
Property Details & Specs
Sunny and bright top-floor southeast corner unit.Leasehold prepaid till 2087. This is an excellent investment property with strong rental income potential. Located in a well-maintained complex with recent updates over the last few years including siding, roof, parking lot, and fencing. This 2-bedroom + den home offers open views, plenty of natural light, and modern upgrades throughout. Walking distance to Mckay elementray school, Burnett high school, parks, and community centre, with one parking stall included. Maintenance fee covers property tax, city utilities, heat, and hot water. No pets allowed. At a fraction of Vancouver’s typical home prices, this is an ideal entry point into the market or a secure investment offering stable, high returns.
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 15'2 x 15'2 ft |
| Main Level | Dining Room | 9'1 x 9'1 ft |
| Main Level | Kitchen | 8'6 x 8'6 ft |
| Main Level | Bedroom | 10'10 x 10'10 ft |
| Main Level | Bedroom | 9'9 x 9'9 ft |
| Main Level | Den | 4'10 x 4'10 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
Listed by: Heller Murch Realty
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 & Transit Info
Public Schools
- Elementary
- Donald E McKay Elementary School
- 0.08 km
- Secondary
- J N Burnett Secondary School
- 0.42 km
- Elementary
- Donald E McKay Elementary School
- 0.08 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
- 2.03 km
- Secondary
- City Vancouver Academy
- 3.92 km
Closest Transit
- Bus Stop
- Northbound Railway Ave @ Linfield Gate
- 0.25 km
- Skytrain
- Skytrain @ Brighouse Stn
- 2.34 km
Crime Rate
- Total Crime Rate
- Average
- Violent Crime Rate
- Low
- Property Crime Rate
- Average
Demographics
- Post-Secondary Education
- Average
- 29.1%
- No Certificate/Degree
- Average
- 14.7%
- Owner Occupied
- Below Average
- 56.8%
- Employment Rate
- Above Average
- 74.3%
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
Local Info
Estimated Mortgage Calculator
/month
Principal & Interest
Property Taxes
$0
Maintenance fee
0
Financing 80% of the $299,900 asking price over 30 years at 4% results in approximately $1,979/month in total estimated carrying costs, $834 maintenance fee.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:
Estimated Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment
0%
This listing generates an estimated $1,743/month in rental income, leaving a -$310/month cashflow at current carrying costs. Investors targeting break-even would need roughly 42% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Home Price Evaluation Chart
This Home
$299,900
Richmond
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Granville
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13 comparable Apartment/Condos are currently active in Granville, with a median asking price of $237,667. This property is listed 26.2% above the local average and 32.8% below the Richmond average.
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
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
Property FAQs
What are the closest top-rated schools to 303 7240 Lindsay Road, Richmond, BC?
The closest top-rated schools are Donald E McKay Elementary School and J N Burnett Secondary School.
Is 303 7240 Lindsay Road, Richmond, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 303 7240 Lindsay Road, Richmond, BC?
With a standard down payment, the estimated monthly mortgage is approximately $1,799.
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600-777 Hornby Street, Vancouver, BC V6Z 1S4. Call 778-918-5990.
600-777 Hornby Street, Vancouver, BC V6Z 1S4. Call 778-918-5990.
