Condo
$868,000
305 7008 RIVER PARKWAY
Richmondlisted today
MLS® R3174222
3 bed · 3 bath · 1,546 sq ft · 2 parking
Townhouse · Single Family · built 1973 · listed today
Listed by Wes Kroeker, Macdonald Realty Westmar
Realtor's description
SOMERSET MEWS. Great location in popular Westwind...a short walk to historic Steveston Village with all its charm, quaint shops & restaurants. This 2 storey, 1,546sf 3 bdrm - 2.5 bath townhouse is ready for your vision and design ideas. Steps to Westwind Elementary and a short walk to McMath Secondary School. This mature complex boasts beautiful landscaping, lush greenery & outside pool. Parking for 2 cars, one carport & open parking. Bonus-lots of storage upstairs too in the attic. Make this one yours - call for your private appointment. TODAY!
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,546 sq ft
- Parking
- 2
- Year built
- 1973
- Property tax
- $3,158 / yr
- Strata fee
- $505 / mo ($0.33 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 0
- MLS®
- R3174171
Features
- Central location
- Private setting
- Pets Allowed With Restrictions
- All
Monthly cost
$4,423/mo
Mortgage $3,655 · Tax $263 · Strata $505
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
- $2,500/mo
- After all costs
- −$2,298/mo
- Cap rate
- 1.9%
- yearly net rent ÷ price
Costs: mortgage $3,655 · tax $263 · strata $505 · insurance ~$175 · 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
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary Westwind Elementaryhomes in this catchment
300 m away · 11371 Kingfisher Dr, Richmond · 604-668-6497
- Secondary Steveston-London Secondaryhomes in this catchment
1.8 km away · 6600 Williams Rd, Richmond · 604-668-6668
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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