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
$649,900
1106 7380 ELMBRIDGE WAY
Richmond · MLS® R3142006
2 bed · 2 bath · 872 sq ft · 1 parking
Condo · Single Family · built 1996 · 97 days on market
Listed by Sylvie Zhao, RE/MAX City Realty
Realtor's description
Quality Bosa-built building in the heart of Richmond! This 872 sq. ft. home features 2 bedrooms, 2 bathrooms, and panoramic city and mountain views. Functional layout with bright living spaces in a well-maintained building. Updated flooring, Fresh painting, a balcony, parking, and storage. Rentals are allowed, and pets are welcome with restrictions. Conveniently located just steps to the SkyTrain, T&T Supermarket, shopping, restaurants, and a wide range of everyday amenities. An excellent opportunity for homeowners and investors alike. Open House: Sat, July 25, 2 pm-4 pm
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 872 sq ft
- Parking
- 1
- Year built
- 1996
- Property tax
- $1,862 / yr
- Strata fee
- $561 / mo ($0.64 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 97
- MLS®
- R3142006
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Monthly cost
$3,547/mo
Mortgage $2,832 · Tax $155 · Strata $561
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
- −$1,700/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,832 · tax $155 · strata $561 · 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 Samuel Brighouse Elementaryhomes in this catchment
800 m away · 6800 Azure Rd, Richmond · 604-668-6522
- Secondary Richmond Secondaryhomes in this catchment
1.2 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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