Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond44 days on market
3 bd2 ba1,182 sq ft
MLS® R31583801 / 31
$499,000
1007 6888 ALDERBRIDGE WAY
Richmond · MLS® R3163053
1 bed · 1 bath · 597 sq ft · 1 parking
Condo · Single Family · built 2008 · 28 days on market
Listed by Guo He, Royal Pacific Lions Gate Realty Ltd.
Realtor's description
Welcome to Flo by Onni! This well-maintained 1-bed 1-bath home features a bright & functional layout with excellent natural light throughout. The west-facing exposure offers beautiful afternoon and evening light, with views overlooking the outdoor swimming pool. Stainless steel appliances, a gas stove, and granite countertops. Residents enjoy access to a range of amenities, including an outdoor swimming pool, fitness centre, and party room. Ideally located within walking distance to Richmond Centre, the Olympic Oval, Canada Line SkyTrain, and convenient bus routes, this home offers exceptional convenience for both everyday living and commuting. Includes 1 parking & 1 locker. A fantastic opportunity for first-time buyers, investor or anyone looking for a well-connected home in Richmond!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 597 sq ft
- Parking
- 1
- Year built
- 2008
- Property tax
- $1,719 / yr
- Strata fee
- $354 / mo ($0.59 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 28
- MLS®
- R3163053
Features
- Pets Allowed With Restrictions
Monthly cost
$2,671/mo
Mortgage $2,174 · Tax $143 · Strata $354
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $1,676/mo
- After all costs
- −$1,164/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $2,174 · tax $143 · strata $354 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary Samuel Brighouse Elementaryhomes in this catchment
700 m away · 6800 Azure Rd, Richmond · 604-668-6522
- Secondary Richmond Secondaryhomes in this catchment
1.1 km away · 7171 Minoru Blvd, Richmond · 604-668-6400
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.
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