Condo
$308,000
27% less per sq ft225 8120 COLONIAL DRIVE
Richmondlisted today
MLS® R3174180
1 / 15
2 bed · 1 bath · 940 sq ft · 1 parking
Condo · Single Family · built 1975 · 289 days on market
Listed by Chris Cheng, Sutton Group - 1st West Realty
Realtor's description
GROUND FLOOR, INSIDE COURTYARD FACING, AWAY FROM STAIRS UNIT! Welcome to this beautifully maintained 2-bedroom, 1-bathroom ground-floor home at Bristol Court. Featuring laminate and tile flooring throughout, this well-kept unit offers a bright, comfortable, and spacious layout ideal for everyday living, with plenty of in-suite storage space. The ground-level location provides easy access and added convenience. Situated just steps from shopping, banking, dining, and entertainment, this home is perfect for those seeking walkable, low-maintenance living in a central location. Maintenance fee INCLUDES hot and cold water, heat, and property tax, offering excellent value!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 940 sq ft
- Parking
- 1
- Year built
- 1975
- Strata fee
- $960 / mo ($1.02 / sq ft)
- Strata rules
- Rentals Allowed With Restrictions
- Days on market
- 289
- MLS®
- R3074948
Features
- Central location
- Rentals Allowed With Restrictions
- Refrigerator
- Stove
Monthly cost
$2,045/mo
Mortgage $1,085 · Strata $960
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $2,046/mo
- After all costs
- −$198/mo
- Cap rate
- 4.3%
- yearly net rent ÷ price
Costs: mortgage $1,085 · strata $960 · 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 William Bridge Elementaryhomes in this catchment
200 m away · 10400 Leonard Rd, Richmond · 604-668-6236
- Secondary Hugh McRoberts Secondaryhomes in this catchment
600 m away · 8980 Williams Rd, Richmond · 604-668-6600
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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