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$1,198,000

1005 3280 Corvette Way

Richmond · MLS® R3109351

All units at 3280 Corvette Way →

3 bed · 3 bath · 1,238 sq ft · 2 parking

Condo · Single Family · built 2022 · 184 days on market

Listed by Alice Zheng, LeHomes Realty Premier

Realtor's description

Welcome to Landmark Richmond water front building highly sought after community, this southwest upper corner unit come with 3 BEDROOM and 3Bathrooms ( TWO SUITES) with fantastic WATER , GARDEN AND CITY view .Taking a deep breath and Immersing yourself in a unique painting on the a generous wrap-around BALCONY for outdoor living. steps back to the opening layout of inner, a convenient island in the gourmet extensive used hardwood floor thru out, high end cabinetry with Miele appliances, air conditioning. view star offers over 130,000sf including INDOOR SWIMMING POOL, SAUNA room, music and dancing Room, GYM, Entertainment Room with ROOF GARDEN. A resort living style. 2 SIDE BY SIDE PARKINGS , A LOCKER. Mins to to Skytrain, all restaurants, grocery centers.Some photos are virtual staged

Property details

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 3
Living area: 1,238 sq ft
Parking: 2
Year built: 2022
Property tax: $4,487 / yr
Strata fee: $731 / mo ($0.59 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 184
MLS®: R3109351

Features

Elevator
Pets Allowed With Restrictions
All
Refrigerator
Dishwasher
Stove

Price check

Above typical for the area (+23%)

2026 assessment: $1,465,000 · asking is -18%
Price per sq ft: $968 vs $788 median for condos in Richmond for sale (826)

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.

Property insights

On market 184 days · no price changes so far

The market here

Listed now: 66 days; median for 858 condos for sale; this one 184 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$1,465,000	$5,184
2025	$1,405,000	$4,487

Estimated tax up 15.5% from 2025 to 2026.

The listing shows $4,487 a year in property tax.

Estimate: the BC Assessment value times Richmond's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$6,324/mo

Mortgage $5,220 · Tax $374 · Strata $731

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

estimated payment

$5,220/ monthly

loan $958,400

25-year amortization

down payment20% · $239,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 10, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $607,471
property transfer tax: $21,960; BC general rate
cash to close: $261,560; down + PTT
total paid: $1,565,871

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.

If you rented it out

Rent: $2,500/mo
After all costs: −$4,059/mo
Cap rate: 1.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,220 · tax $374 · strata $731 · insurance ~$35 · 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

Location

The building's lot: 13,204 m² (142,127 sq ft) · PID 031-600-433. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary R. C. Talmey Elementaryhomes in this catchment
1.1 km away · 9500 Kilby Dr, Richmond · 604-668-6275
Secondary A.R. MacNeill Secondaryhomes in this catchment
3.1 km away · 6611 No. 4 Rd, Richmond · 604-668-6212

From the Richmond School District 38's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

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.

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