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 / 31
$678,000
120 5500 ANDREWS ROAD
Richmond · MLS® R3119115
2 bed · 2 bath · 865 sq ft · 1 parking
Condo · Single Family · built 1997 · 155 days on market
Listed by Taylor Perry, RE/MAX Westcoast
Realtor's description
Welcome home to a fantastic ground-floor suite offering both comfort and convenience in a highly desirable location. Updates include vinyl plank flooring throughout, and new appliances. Enjoy outdoor living on a 264 square ft SOUTH-facing patio, a sun-filled space perfect for relaxing, entertaining, or enjoying your morning coffee. With direct walk-up access-offering a townhouse-like feel. Equipped with an EV-stall, and ample parking along Dyke Road making hosting guests effortless. Enjoy a leisurely stroll to the charm and amenities of Steveston Village, all while being located within the sought-after Homma Elementary and McMath Secondary school catchments. A rare combination of lifestyle, layout, and location.*Some photos virtually staged*
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 865 sq ft
- Parking
- 1
- Year built
- 1997
- Property tax
- $2,143 / yr
- Strata fee
- $501 / mo ($0.58 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 155
- MLS®
- R3119115
Features
- Private setting
- Treed
- Elevator
- Wheelchair access
- Trash compactor
- Pets Allowed With Restrictions
Monthly cost
$3,633/mo
Mortgage $2,954 · Tax $179 · Strata $501
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
- −$1,786/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,954 · tax $179 · strata $501 · 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 Tomekichi Homma Elementaryhomes in this catchment
400 m away · 5100 Brunswick Dr, Richmond · 604-668-7844
- Secondary Robert A. McMath Secondaryhomes in this catchment
1.6 km away · 4251 Garry St, Richmond · 604-718-4050
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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