Terra Nova, Richmond Houses with Basement for Sale

Richmond houses with basements stand out in a city dominated by condos — detached homes here often represent the premium segment, and a finished basement adds living space or suite potential in one of Metro Vancouver's most internationally connected communities. There are currently 17 houses with basement for sale in Terra Nova, Richmond. Prices range from $1,849,000 to $4,899,000. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates. Due to Richmond's flat terrain and high water table, older parts of Steveston and Broadmoor often have crawl spaces; however, newer custom builds in McNair, West Cambie, and Shellmont feature properly waterproofed full-height basements designed for livable suites. A 1-bedroom basement suite in Richmond typically rents for $1,400–$2,000/month; 2-bedroom suites achieve $1,800–$2,400/month.

↓ Buyer's Market
17
Active Listings
2
Sold (30 days)
11.8%
Sales Ratio
Buyer's Market
$2.30M
Median List Price
$851
Avg $/sqft
80
Avg Days on Market
Sale-to-List Ratio & Sold Prices
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The houses market in Terra Nova, Richmond is currently a Buyer's Market with a 11.8% sales ratio — 2 homes sold against 17 active listings in the past 30 days. The median asking price is $2,298,000 ($851/sqft). Properties are selling slowly, averaging 80 days on the market.

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Market Activity by Price Range — Terra Nova, Richmond

Price Range Active Sold (30d) Sales Ratio
$1.75M–$2M 3 0 0%
$2M–$2.5M 11 1 9%
$2.5M–$3M Most Active 2 1 50%
Over $3M 1 0 0%

Sales ratio = homes sold in last 30 days ÷ active inventory. Over 20% = Seller's Market.

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Frequently Asked Questions — Terra Nova, Richmond

How many houses are for sale in Terra Nova, Richmond?
There are currently 17 houses listed for sale in Terra Nova, Richmond. Listings are updated daily from the MLS® database.
Is it a buyer's or seller's market for houses in Terra Nova, Richmond?
It is currently a Buyer's Market. With a 11.8% sales ratio, there are more houses available than buyers are purchasing, giving buyers more time and negotiating power. See the full Richmond Houses market report for monthly trends.
What is the median price of houses in Terra Nova, Richmond?
The median asking price for houses in Terra Nova, Richmond is $2,298,000. The average price per sqft is $851. See the full Richmond Houses market report for monthly trends.
How long do houses take to sell in Terra Nova, Richmond?
Houses in Terra Nova, Richmond are averaging 80 days on market before selling. Buyers have time to view multiple properties and negotiate.
Are basements common in Terra Nova, Richmond houses?
Many houses in Terra Nova, Richmond include finished or partially finished basements that can serve as extra living space, recreation rooms, or potential rental suites. Always verify basement ceiling height, permits, and legal suite status.

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