116 - 7240 Lindsay Road, Richmond, V7C 3M6 — photo 1

$209,900

116 - 7240 Lindsay Road, Richmond, V7C 3M6
Active
1 Bedrooms 1 Bathrooms 657 sqft Built 1974 Residential
1 Listing Signal Detected
Leasehold LandHigh

You own the building but not the land. Lease terms, prepaid amounts, and renewal conditions are critical to review.

About This Property

Discover this spacious & cozy ground-floor 1 bed home in the sought-after Sussex Square complex. Upgrades to the complex in recent years include new windows, balconies, patio fencing, building exterior, repaved parking lot and plumbing for the buildings. This south-facing unit features a large quiet patio perfect for outdoor relaxation. Inside, you'll find a functional layout with a generously sized bedroom & an additional storage room for added convenience. The property is leasehold title, with a maintenance fee covering property tax, heat & hot water. While the complex has a no-pet policy, it offers excellent rental returns, with 2 levels of schools nearby. Enjoy easy access to the Railway Trail, community center, and a short drive to the airport, Vancouver, and shopping destinations.

Leasehold

Property Details

MLS #

R3065920

Status

Active

Type

Residential

Sub-type

Apartment/Condo

Ownership

Leasehold prepaid-NonStrata

Zoning

MFD

Bedrooms

1

Full Baths

1

Half Baths

0

Kitchens

1

Living Area

657 sqft

Main Floor

657 sqft

Stories

3

Year Built

1974

Age

52 years

Construction

Frame Wood, Mixed (Exterior)

Structure

Multi Family, Residential Attached

Parking Stalls

1

Parking Type

Open, Front Access

Original Price

$209,900

Strata Fee

$621.91/mo

Listed

2025-11-07

MLS Area

Granville

City

Richmond

Postal Code

V7C 3M6

Subdivision

Sussex Square

Features & Finishes

Heating

Baseboard · Hot Water

Appliances

Refrigerator · Stove

Laundry

Common Area

Patio / Porch

Patio · Deck

Windows

Window Coverings

Building & Community

Pets

No

Restrictions

Pets Not Allowed,Rentals Allowed

Strata Mgmt Co.

Westsea Construction

Strata Mgmt Phone

604-681-2727

Transit

Nearby

Schools

Nearby

Lot Features

Central Location, Recreation Nearby

Fencing

Fenced

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Community

Shopping Nearby

Building Amenities

Caretaker · Trash · Heat · Hot Water · Management · Taxes

Disclosures

Property Disclosure

Yes

Coordinates: 49.160013, -123.166436 · Map data © Google

8.5

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market59% below market $/sqft
Days on market179 days — significantly stale, strong negotiation position
Price historyNo price reduction — seller firm on price
Market conditionsBuyer's market — avg 95% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$196,026

6.6% below asking price

Negotiation Range

$190,779$199,175

$8,396 spread

$190,779$209,900 ask

Based on 13 recent sales, a starting offer around $196,026 (6.6% below ask) is reasonable. Your negotiation range is $190,779 – $199,175.

What's factored in

Market baseline13 recent Richmond sales closed at median 95.2% of list price
Extended market time179 days listed — well above market avg of 158 days, increased negotiation leverage

Based on 13 residential sales in Richmond (last 60 days) · Updated May 4

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