Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 40
1 bed · 1 bath · 592 sq ft · 1 parking
Condo · Single Family · built 2020 · 55 days on market
Listed by Vivian Deng, Luxmore Realty
Realtor's description
RARELY available SE corner 1 Bed + Den at Concord Gardens Park Estates II, offering beautiful city & mountain views and exceptional outdoor space. Freshly painted, this well-appointed home features central A/C, marble counters & backsplash, Bosch & Blomberg appliances, gas cooktop and an upgraded high-power range hood. The standout feature is the impressive 400+ sq.ft. private rooftop patio with direct access to the building's rooftop garden-an ideal extension of your living space. Also includes a balcony accessible from both the living room & bedroom. Includes 1 regular EV parking stall conveniently located near the elevator. Enjoy 20,000+ sq.ft. of Diamond Club amenities. Steps to shopping, dining & future Capstan Way SkyTrain. A unique home that rarely comes to market!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 592 sq ft
- Parking
- 1
- Year built
- 2020
- Property tax
- $2,158 / yr
- Strata fee
- $416 / mo ($0.70 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 55
- MLS®
- R3155974
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,594/mo
Mortgage $2,998 · Tax $180 · Strata $416
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
- $1,676/mo
- After all costs
- −$2,087/mo
- Cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $2,998 · tax $180 · strata $416 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 1-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 R. C. Talmey Elementaryhomes in this catchment
600 m away · 9500 Kilby Dr, Richmond · 604-668-6275
- Secondary A.R. MacNeill Secondaryhomes in this catchment
2.8 km away · 6611 No. 4 Rd, Richmond · 604-668-6212
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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