Vancouver Neighbourhood
Buyers investing in Terra Nova at current market levels around $2.39M can expect modern, well-constructed homes in a nature-integrated community with strong resale momentum. With an average price per square foot of $776, this neighbourhood represents Richmond's premium residential market for those prioritizing newer construction and park-adjacent living.
Avg recent sale: $1,952,667
Terra Nova is a contemporary west Richmond community that perfectly balances modern suburban living with access to nature. Located adjacent to the expansive Terra Nova Rural Park, this neighbourhood offers residents a distinctive lifestyle where quality homes are surrounded by green space and outdoor recreation opportunities. The area has developed into a sought-after destination for families and professionals seeking newer construction homes in a carefully planned setting. Terra Nova real estate is characterized by modern detached homes and townhouses featuring contemporary designs and quality finishes, making it an attractive option for buyers looking for move-in-ready properties in Richmond.
The neighbourhood appeals to a diverse range of buyers, from growing families to empty nesters who value proximity to nature without sacrificing urban convenience. Current Terra Nova homes for sale reflect strong market fundamentals, with properties commanding an average price of $2,390,000 and maintaining a healthy 94.8% sale-to-list ratio. This metric indicates a well-balanced market where homes are selling close to asking price, demonstrating consistent buyer confidence in the community. The average price per square foot of $776 positions Terra Nova within Richmond's premium residential segments.
Accessibility is a key advantage of Terra Nova real estate, with the community well-connected to Richmond's broader transportation network and amenities. Residents enjoy convenient access to shopping, dining, and recreational facilities while maintaining a peaceful, residential character. The proximity to Terra Nova Rural Park provides exceptional outdoor lifestyle benefits, including walking trails, natural landscapes, and community gathering spaces. Terra Nova MLS listings attract serious buyers ready to invest in a newer, well-maintained property in one of Richmond's most desirable newer communities, where modern construction quality meets established neighbourhood appeal.
Listed by Macdonald Realty Westmar
$1,508,000
$1,680,000
Terra Nova
Sold Mar 11, 2026