Richmond Homes under $500,000

Welcome to Richmond, British Columbia – a vibrant city that beautifully blends urban living with stunning natural landscapes. Nestled along the banks of the Fraser River and just a stone’s throw from Vancouver, Richmond is renowned for its diverse culture, exceptional dining options, and an array of recreational activities. With its rich history and commitment to sustainability, Richmond is not just a place to live; it’s a community that thrives.

For those seeking affordable housing options, Richmond offers a selection of homes under $500,000, making it an attractive choice for first-time buyers, young families, and investors alike. These homes provide a fantastic opportunity to enter the real estate market in a city that boasts a strong economy and a high quality of life. Whether you’re looking for a cozy condo with modern amenities or a charming townhouse with a private garden, Richmond has something to suit every taste and budget.

One of the highlights of living in Richmond is the access to breathtaking parks and waterfronts, including the picturesque Steveston Village, where you can enjoy fresh seafood and scenic views. With excellent schools, diverse shopping options, and a robust public transit system, Richmond caters to residents of all ages.

Explore the possibilities of homeownership in this thriving city. With homes priced under $500,000, your dream of living in Richmond can become a reality. Embrace the lifestyle, culture, and community that makes Richmond a truly special place to call home!

Newest Richmond Homes under $500,000

$388,800

1 Beds ⋅ 1 Baths ⋅ R3171748 MLS® #

LOOK NO FURTHER! BEST VALUE in Central Richmond and PERFECT FOR FIRST-TIME HOME BUYERS, downsizers, or investors! This MOVE-IN READY 665 SF 1 BEDROOM home offers an excellent layout, LOW STRATA FEES, and tasteful updates throughout. Featuring stylish laminate flooring, fresh paint, and a bright, functional living space, this home is ready for immediate occupancy. Enjoy a spacious living and dining area, well-appointed kitchen, and generous bedroom with a WALK-IN closet. Well-maintained & proactive strata/building. STEPS to RC, retail, shopping, restaurants, parks, schools, transit, Canada Line w/ easy access to all of Richmond’s amenities. An incredible opportunity to own a beautifully updated home in a prime location at an exceptional value! 1 PARKING.

8620 Jones Rd Unit 231, Richmond

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$499,880

2 Beds ⋅ 1 Baths ⋅ R3171310 MLS® #

Discover this beautiful Waterstone Pier home featuring an open layout, high ceilings, pot lighting, and granite counters. Enjoy unobstructed Mount Baker views from the East-facing primary bedroom, balcony, and living room. Strata fees include gas, geothermal heating and cooling. Equipped with Alexa-controlled smart home technology for lighting, TV, and integrated audio with prewired speakers. The second bedroom features built-in cabinets and a sound system, doubling as a media room. Close to golf courses, the Entertainment Complex, Silver City, Watermania, Ironwood Plaza, transit, and freeway access. School catchments include Woodward Elementary and McNair Secondary. Includes 1 parking stall, 1 locker, recent flooring (2020), and a new washer (2022). OPEN HOUSE: Oct 3rd & 4th, 2-4PM

14300 Riverport Way Unit 201, Richmond

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$465,000

1 Beds ⋅ 1 Baths ⋅ R3171241 MLS® #

Welcome to Wall Centre Richmond! This bright 1-bedroom home offers comfortable living in a well-maintained concrete building in the heart of West Cambie. Enjoy a desirable north-facing outlook, 1 parking stall, and convenient access to transit, shopping, restaurants, and everyday amenities. With Capstan Station just minutes away, this is an excellent opportunity for first-time buyers, investors, or anyone seeking a convenient Richmond lifestyle. Open house Sunday Oct 4th 2-4pm. Video link - https://youtu.be/ZV-vHbcp70Q?si=0xWRfjOOY7gusnpM

3111 Corvette Way Unit 1105, Richmond

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$429,000

2 Beds ⋅ 1 Baths ⋅ R3171193 MLS® #

Great location, 2 minute walk to Kwantlan College and Lansdowne Mall. (T&T, banks, restaurants, various shops). Original condition, clean and tidy, courtyard view. 5 Min walk to Skytrain.

8500 Lansdowne Rd Unit 218, Richmond

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5911 Alderbridge Way Unit 1202, Richmond

$429,000

1 Beds ⋅ 1 Baths ⋅ R3171167 MLS® #

Fabulous Location. Property fully renovated with high end materials in 2026, includes A/C, laundry. Close to skytrain, Minoru Park, mall, restaurants. Amenities include Gym, indoor pool, hot tub and garden terrace

5911 Alderbridge Way Unit 1202, Richmond

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$330,000

1 Beds ⋅ 1 Baths ⋅ R3171143 MLS® #

A fantastic opportunity for first-time buyers! Welcome to Dolphin Square, where this exceptionally spacious 680 sq ft 1-bedroom + den home offers the space and flexibility rarely found at this price point. The den is ideal for a home office, study or extra storage. Enjoy a bright, functional layout, generous living area, good-sized balcony and insuite storage. Freshly updated with a renovated bathroom in 2026, brand new dishwasher, fresh paint and a refrigerator approximately 2 years old. Includes 1 parking stall. Centrally located near Richmond Centre, Canada Line, shopping, restaurants, parks and everyday conveniences. Move-in ready and a great place to call home! Open House Sunday Oct 4th, 2-4pm

8231 Granville Ave Unit 205, Richmond

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$258,000

2 Beds ⋅ 1 Baths ⋅ R3170439 MLS® #

Great investment opportunity, and the most affordable price in Richmond! This South facing, ground unit comes with a private fenced patio. Shopping mall across the street with freshco, shoppers drug mart, starbucks, restaurants, everything is just a few steps away, and Bus stop in front of the complex makes easy connection to brighouse skytrain station. South Arm Community Centre & Park is just a block away. Management fee included property tax, heat, hot water. The building is also very well maintained and updated. Rental allowed, no pets!

8031 Ryan Rd Unit 117, Richmond

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$390,000

1 Beds ⋅ 1 Baths ⋅ R3170826 MLS® #

INVESTOR ALERT! It's not a Two Bedroom, YET! This Townhouse style unit offers an incredibly unique opportunity. This HUGE (900 sq ft) one bed, ground floor unit. No shared any walls with neighbours, and a private entry from the 100 sq ft patio . It is incredibly sound proof, as it is completely concrete, all walls, and ceiling. And the Best Part? It has the perfect layout to make it a spacious Two bedroom unit with a simple partition wall dividing the living room. Bring your design ideas!

8655 Jones Rd Unit 100, Richmond

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$498,000

1 Beds ⋅ 1 Baths ⋅ R3170079 MLS® #

RARE COURTYARD-FACING 1 BED AT ORA BY ONNI! This northeast-facing 1 bed 1 bath unit overlooks the peaceful inner courtyard. 541 sq ft of functional living space with AIR CONDITIONING and 1 parking. Currently TENANTED at $2,300/month on a month-to-month basis — perfect as a cash-flowing investment or your future home. Enjoy 42,000+ sq ft of 5-STAR amenities: indoor heated swimming pool, hot tub, steam & sauna, fitness centre, yoga studio, squash court, lounge, party and media rooms. Steps to the Olympic Oval, dyke trails, future Whole Foods Market and restaurants; minutes to Richmond Centre, Lansdowne Mall and the SkyTrain station.Please note: some listing photos have been AI-enhanced.

6951 Elmbridge Way Unit 610, Richmond

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$499,000

2 Beds ⋅ 2 Baths ⋅ R3169209 MLS® #

Welcome to Admiral Court in the heart of Steveston! This spacious 2-bed home offers comfortable living w/ a wonderful outlook toward green space & the fields of Manoah Steves School Park. Bright, quiet, generous living & dining areas, practical kitchen, large bedrooms & a private covered deck create an inviting home for first-time buyers, young families, downsizers or investors. Enjoy the convenience of being steps from schools, shopping, cafes, restaurants, new community center, Steveston Village, Fisherman's Wharf, the waterfront, West Dyke Trail & Garry Point Park. Building amenities include an outdoor pool, clubhouse, sauna, guest suites, workshop & more. A wonderful opportunity to own in one of Richmond's most cherished waterfront communities—where everyday life feels connected!

3451 Springfield Dr Unit 119, Richmond

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7631 Steveston Highway Unit 214, Richmond

$458,000

2 Beds ⋅ 2 Baths ⋅ R3169177 MLS® #

Welcome to Admiral’s Walk! This bright 2-bed, 2-bath home offers 963 sq ft of functional living space. Features a modern kitchen with high-gloss cabinetry, updated appliances, and ample counter space. The open-concept living/dining area boasts a cozy white brick fireplace and large windows overlooking lush gardens. Spacious primary bedroom with walk-in closet and renovated ensuite. Upgraded flooring throughout. Resort-style amenities include an outdoor pool, sauna, clubhouse, and community garden. Quiet, well-maintained complex on Steveston Hwy, minutes to shopping, transit, and Steveston Village. Move-in ready!

7631 Steveston Highway Unit 214, Richmond

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$165,000

1 Beds ⋅ 1 Baths ⋅ R3169103 MLS® #

Affordable living in popular Sussex Square! This bright and spacious 1-bed 1-bath leasehold home features a functional layout, large windows, and a east-facing balcony overlooking the green space at McKay Elementary. Very well maintained building with updates including exterior wall, plumbing, piping, windows, doors and balcony. The all-inclusive maintenance fee covers heat, hot water, management and property taxes, and the prepaid land lease runs until December 2087. The shared laundry room is conveniently located beside the unit, and rentals are permitted - an excellent opportunity for both homebuyers and investors. Walking distance to transit, Mckay Elementary, Burnett Secondary school, Thompson Community Centre and Railway trail. A must-see!

7220 Lindsay Rd Unit 203, Richmond

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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.