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$595,000

108 8860 NO. 1 ROAD

Richmond · MLS® R3168761

All units at 8860 No 1 Rd →

3 bed · 2 bath · 1,159 sq ft · 1 parking

Condo · Single Family · built 1973 · 16 days on market

Listed by Roshan Victor, Stonehaus Realty Corp.

Realtor's description

This APPLE GREENE PARK home has room for the whole family! The ELEVATED 1ST FLOOR CORNER Condo is MOVE-IN READY, featuring gorgeous updated LAMINATE WOOD FLOORING THROUGHOUT, NEUTRAL DESIGNER PAINT and CUSTOM WINDOW COVERINGS! It boasts 3 LARGE BEDROOMS with over 11500 Sqft of space, one and a half bath, Bright Southern Corner location & FLEX SPACE in the kitchen ideal for WORK FROM HOME SPACE, STUDY NOOK or KITCHEN TABLE ... whatever works best for you! The large South facing COVERED BALCONY is ideal for BBQ'ing all year round. COMPLEX has both INDOOR & OUTDOOR POOL, HOT TUB, SAUNA, PARTY ROOM, RECENT EXTERIOR RENO DONE & PAID and more. Centrally located close to transit, schools, parks, shops and restaurants... Come see for yourself.

Property details

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,159 sq ft
Parking: 1
Year built: 1973
Property tax: $2,042 / yr
Strata fee: $631 / mo ($0.54 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 16
MLS®: R3168761

Features

Central location
Private setting
Elevator
Wheelchair access
Pets Allowed With Restrictions
Rentals Allowed With Restrictions

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-35%)

2026 assessment: $603,900 · asking is -1.5%
Price per sq ft: $513 vs $789 median for condos in Richmond for sale (825)
Last sold: $628,800 · Jun 2, 2023

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 16 days · no price changes so far

The market here

Listed now: 66 days; median for 856 condos for sale; this one 16 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$603,900	$2,137
2025	$639,400	$2,042

Estimated tax up 4.7% from 2025 to 2026.

The listing shows $2,042 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

$3,394/mo

Mortgage $2,592 · Tax $170 · Strata $631

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

estimated payment

$2,592/ monthly

loan $476,000

25-year amortization

down payment20% · $119,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $301,707
property transfer tax: $9,900; BC general rate
cash to close: $128,900; down + PTT
total paid: $777,707

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: −$1,129/mo
Cap rate: 3.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,592 · tax $170 · strata $631 · 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: 52,018 m² (559,917 sq ft) · PID 001-189-867. 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 M Grauer Elementaryhomes in this catchment
700 m away · 4440 Blundell Rd, Richmond · 604-668-6547
Secondary Hugh Boyd Secondaryhomes in this catchment
500 m away · 9200 No. 1 Rd, Richmond · 604-668-6615

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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