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$1,099,800

1 8428 PARK ROAD

Richmond · MLS® R3127831

3 bed · 3 bath · 1,504 sq ft · 1 parking

Townhouse · Single Family · built 2024 · 134 days on market

Listed by Joey Chiu, Multiple Realty Ltd.

Welcome to LUXIO on the Park, a stunning oasis right in the center of Richmond! Conveniently located on Park Road and Cooney Road, this 3-Bedroom + 2.5-Bath corner townhome offers spacious kitchen with waterfall island, premium brand appliances (Bosch/Fisher & Paykel), exquisite quartz countertops, under-cabinet lighting and upgraded laminate flooring throughout. High efficiency heating and air conditioning for year round comfort. Inspired amenities include social resident's lounge, BBQ area and outdoor children's play area. Couple minutes walk to Richmond Centre, Public Market, Sungiven Grocery Store and Brighouse Skytrain Station. Steps to Cook Elementary. Comes with 1 parking stall.

Type: Townhouse, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,504 sq ft
Parking: 1
Year built: 2024
Property tax: $4,931 / yr
Strata fee: $941 / mo ($0.63 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 134
MLS®: R3127831

Typical for the area (+1.7%)

Price per sq ft: $731 vs $719 median for townhouses in Richmond for sale (346)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Pets Allowed With Restrictions
All

On market 134 days

Listed now: 50 days; median for 346 townhouses for sale; this one 134 days

Townhouses in Richmond. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$6,144/mo

Mortgage $4,792 · Tax $411 · Strata $941

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$4,792/ monthly

loan $879,840

25-year amortization

down payment20% · $219,96020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $557,677
property transfer tax: $19,996; BC general rate
cash to close: $239,956; down + PTT
total paid: $1,437,517

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,500/mo
After all costs: −$4,019/mo
Cap rate: 0.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,792 · tax $411 · strata $941 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ bedroom in Richmond (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

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