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Orchid MLS® Listings
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Building Info
Orchid - 5580 No 3 Road, Richmond, BC V6X 2C8, Canada. Crossroads are No 3 Road and Lansdowne Road. This development has 139 residential units within a 15-storey residential tower and two-storey townhouse units. A unique collection of JR 1-bedroom, 2 and 3-bedroom homes over a luxury retail podium. Developed by Beedie Living. Architectural design by award-winning Rafii Architects Inc. and DYS Architecture. Interior design by Cristina Oberti Design.
Orchid offers boutique living in an exceptional locationsophisticated and stylish homes with unparalleled access to all the necessities of modern life. Designed with thoughtful attention to detail, spectacular finishes and exclusive amenities, Orchid is an urban oasis.
Nearby parks include Minoru Park Lakes, Minoru Park and Brighouse Park. Nearby schools are Samuel Brighouse Elementary, Richmond Secondary School, Richmond Continuing Education School District No. 38, William Cook Elementary School, Henry Anderson Elementary and A.R. MacNeill Secondary School. Nearby grocery stores are Langley Farm Market, PriceSmart Foods, Tindahan Grocery Ltd, Izumiya Japanese Marketplace, Real Canadian Superstore, Empire Supermarket (2010) Ltd, China World Supermarket and Richmond Night Market. Steps away from Lansdowne Centre, CF Richmond Centre, Richmond Hospital, National Defense 12 Svc, Richmond Public Library - Brighouse Branch and Lansdowne Station. Few minutes drive to Vancouver International Airport.
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
Contemporary high-rise concrete condominium by award-winning Rafii Architects Inc. and DYS Architecture, located in the heart of Richmond on Lansdowne & No. 3 Road
Luxury Carrara marble podium with public art framing high street retail along No. 3 Road
Grand main lobby with frameless curtain wall, double-height ceilings and Orchid reception lounge with wood and marble accents
LUXURY TO COME HOME TO
Choice of two colour schemes, Pearl & Nero, designed by Cristina Oberti Design
Individually controlled air conditioning and heating system
Rich laminate flooring throughout all living and bedroom areas
Grand, 7-foot interior doors
Solid core 7-foot wood stained suite entry door with quartz threshold
Premium door casing and 4" baseboards
Ceilings rise 8'-8" for every home
Expansive windows with roller shades
Oversized balconies with water, city and mountain views
LG Energy-efficient full-size front load washer and dryer with LED Display
USB port on electrical outlet in kitchen and master bedroom
Complimentary Telus Optik Internet & TV with PVR for one year
DESIGNER KITCHENS
Wood grain and pure white glass upper cabinets with wood grain lower cabinets
Soft-close cabinet hardware with elongated polished chrome pulls and LED under-cabinet lighting
Elegant quartz composite countertops and backsplash
Polished Grohe kitchen faucet over a 29" single undermount sink with in-sink disposal, rack, and built-in recycling station
Broan stainless steel slim profile 300 CFM hood fan