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 / 40
$799,999
1031 8988 PATTERSON ROAD
Richmond · MLS® R3164636
2 bed · 2 bath · 926 sq ft · 1 parking
Condo · Single Family · built 2017 · 26 days on market
Listed by Babita Kumari, Century 21 In Town Realty
Realtor's description
WELCOME TO CONCORD GARDENS - resort-style living in one of Richmond´s most convenient locations! This bright BED + DEN offers exceptional flexibility, The open-concept layout features a large kitchen island ideal for entertaining, a generous primary bedroom with ensuite, and a large balcony overlooking the peaceful courtyard and park. Enjoy new automated blinds, Blomberg washer/dryer, 1 PARKING and storage. Diamond Club featuring world class amenities including indoor swimming pool, hot tub, steam room, play area, gym, bowling alley, badminton + basketball court, theatre room, party room, gym, yoga area, golf, pool table MUCH MORE! Steps from SkyTrain, shopping and restaurants, with easy access to YVR.The place is messy since it's tenanted and moving out
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 926 sq ft
- Parking
- 1
- Year built
- 2017
- Property tax
- $2,897 / yr
- Strata fee
- $768 / mo ($0.83 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 26
- MLS®
- R3164636
Features
- Central location
- Treed
- Gated community
- Pets Allowed With Restrictions
- All
Monthly cost
$4,495/mo
Mortgage $3,486 · Tax $241 · Strata $768
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
- $2,046/mo
- After all costs
- −$2,648/mo
- Cap rate
- 1.3%
- yearly net rent ÷ price
Costs: mortgage $3,486 · tax $241 · strata $768 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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 R. C. Talmey Elementaryhomes in this catchment
600 m away · 9500 Kilby Dr, Richmond · 604-668-6275
- Secondary A.R. MacNeill Secondaryhomes in this catchment
2.9 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.
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