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Renanza Realty
Richmond · Neighbourhood

Terra Nova Real Estate

Explore homes and condos for sale in Terra Nova, one of Richmond's neighbourhoods. Live MLS® listings, updated continuously, plus a direct line to a Renanza agent who knows the area.

Market snapshot

The Terra Nova market right now

Terra Nova currently has 50 active listings. Most homes for sale are priced between $695K and $3.69M, with a median around $1.93M. Detached houses make up the largest share of the market.

50
Active listings
50
For sale
$1.93M
Median list price
$695K–$3.69M
Typical range
$755
Median price / sq ft
61
Median days listed
5
New in last 7 days
1998
Median year built

Terra Nova prices by bedrooms

BedroomsActive listingsMedian asking price
13$475K
26$767K
310$1.35M
4+31$2.38M

Figures reflect current active MLS® listings and update as the market moves.

Neighbourhood guide

Living in Terra Nova

Terra Nova is a neighbourhood on Richmond's northwest corner combining newer residential development with a large protected rural park at the river's edge.

Location & boundaries

It sits at the northwest tip of Lulu Island where the Middle and South Arms of the Fraser meet, bordered by the West Dyke Trail. Seafair lies to the south and Riverdale to the east.

History

The land was used by the Musqueam and later European settlers for farming and fishing, with buildings dating to the 1890s and a cannery and market garden operating into the 20th century; much of it was preserved as parkland after debate over residential rezoning.

Lifestyle

It offers a quiet, nature-oriented setting popular with families and walkers.

Housing & property types

Housing is a mix of detached homes, townhouses and condominiums.

Parks & recreation

Terra Nova Rural Park is a roughly 63-acre natural area of farmland, gardens and trails beside Sturgeon Banks; the adjacent Terra Nova Adventure Play Environment is a popular playground, and the West Dyke Trail runs along the shore.

Schools

The Richmond School District (SD38) serves the area.

Getting around

Buses and arterials such as Westminster Highway, No. 1 Road and River Road serve this car-oriented corner.

Attractions & landmarks

Terra Nova Rural Park, with its heritage buildings and estuary views, is the main draw.

Who it may suit

It may suit families wanting newer homes next to natural parkland and waterfront trails.

Nearby neighbourhoods

Sources: richmond.ca, richmondmuseum.ca, richmond.ca

Neighbourhood snapshot — Richmond

Statistics Canada, 2021 Census of Population for Richmond, City (CY) [Census subdivision], British Columbia. These figures describe the city as a whole, not this specific address — useful context, not a substitute for local knowledge. View source

Population

209,937

Total population

+5.9%

Growth since 2016

43.6

Median age

Income

$79,000

Median household income

Household

2.6

Avg. household size

25.1%

Live alone

62.8%

Families w/ kids

Housing

71.3%

Owned

28.7%

Rented

$990,000

Median dwelling value

Apartment48.2%
Single-detached house30.1%
Row house / townhouse19.7%
Other2.0%

Education

Highest credential, ages 25–64

Bachelor's degree or higher46.0%
Trades or college diploma24.9%
High school diploma23.0%
No certificate, diploma or degree6.1%

Commute

How residents get to work

Car, truck or van79.0%
Public transit13.1%
Walked5.0%
Bicycle1.2%
Other1.7%

Languages

Mother tongue, top responses

English33.5%
Cantonese23.0%
Mandarin22.6%
Tagalog4.0%
Punjabi2.6%

Buying a home in Terra Nova

BC's 2023 small-scale multi-unit housing legislation now allows three to four units on most single-family lots in larger municipalities, which is reshaping what detached lots are worth. Check the lot's current zoning with the municipality, and get a home inspection and a title search before removing subjects.

Budget for BC's property transfer tax on top of the price — it's charged on the purchase and first-time buyers and new builds may qualify for exemptions. See our BC & Alberta closing costs checklist.

Common questions

Frequently asked

If yours isn't here, ask us directly — we'd rather answer it now.

How much does a home cost in Terra Nova?

The median asking price for homes currently for sale in Terra Nova is about $1,934,000, and most are listed between $695,000 and $3,691,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Terra Nova right now?

There are 50 active listings on this page's search, 5 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Terra Nova?

Median asking prices by bedroom count in Terra Nova right now — 1 bedroom: about $475,000; 2 bedrooms: about $767,000; 3 bedrooms: about $1,348,000; 4+ bedrooms: about $2,380,000. Based on 50 active listings.

What is the price per square foot for homes in Terra Nova?

The median asking price per square foot of living area is about $755 across homes currently listed in Terra Nova. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Terra Nova been on the market?

The typical active listing here first came on the market about 61 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Terra Nova?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Thinking about Terra Nova?

Tell us what you're after in Terra Nova and we'll send matching listings the moment they hit the market.