Condo
$499,900
31% less per sq ft216 7531 MINORU BOULEVARD
Richmond1 day on market
MLS® R3173955
2 bed · 2 bath · 1,050 sq ft · 1 parking
Condo · Single Family · built 1986 · 1 day on market
Listed by Romeo Di Pietra, RE/MAX City Realty
Realtor's description
Court order sale, 2 bedrooms, 2 baths, above ground suite. Allow time for showings.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,050 sq ft
- Parking
- 1
- Year built
- 1986
- Property tax
- $1,868 / yr
- Strata fee
- $517 / mo ($0.49 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 1
- MLS®
- R3173832
Features
- Pets not Allowed
Monthly cost
$3,004/mo
Mortgage $2,331 · Tax $156 · Strata $517
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
- −$1,157/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $2,331 · tax $156 · strata $517 · 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 W D Ferris Elementaryhomes in this catchment
800 m away · 7520 Sunnymede Cres, Richmond · 604-668-6538
- Secondary Richmond Secondaryhomes in this catchment
100 m 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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