House
$188,000
5 23080 DYKE ROAD
Richmond23 days on market
1 bd1 ba724 sq ft
MLS® R31652031 / 23
$258,000
117 8031 RYAN ROAD
Richmond · MLS® R3170439
2 bed · 1 bath · 964 sq ft · 1 parking
Condo · Single Family · built 1974 · 8 days on market
Listed by Tracy Niu, Nu Stream Realty Inc.
Realtor's description
Great investment opportunity, and the most affordable price in Richmond! This South facing, ground unit comes with a private fenced patio. Shopping mall across the street with freshco, shoppers drug mart, starbucks, restaurants, everything is just a few steps away, and Bus stop in front of the complex makes easy connection to brighouse skytrain station. South Arm Community Centre & Park is just a block away. Management fee included property tax, heat, hot water. The building is also very well maintained and updated. Rental allowed, no pets!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 964 sq ft
- Parking
- 1
- Year built
- 1974
- Property tax
- $213,386 / yr
- Strata fee
- $814 / mo ($0.84 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 8
- MLS®
- R3170439
Features
- Central location
- Pets not Allowed
- All
Floor plans
Found among the listing photos.
Monthly cost
$19,720/mo
Mortgage $1,124 · Tax $17,782 · Strata $814
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
- −$17,873/mo
- Cap rate
- -77.9%
- yearly net rent ÷ price
Costs: mortgage $1,124 · tax $17,782 · strata $814 · 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
400 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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