Condo
$499,900
31% less per sq ft216 7531 MINORU BOULEVARD
Richmond1 day on market
MLS® R3173955
1 / 21
1 bed · 1 bath · 635 sq ft · 1 parking
Condo · Single Family · built 2015 · 1 day on market
Listed by Morning Yu, Laboutique Realty
Realtor's description
Introducing MONET by Concord Pacific, a prestigious landmark in the heart of Richmond. This rarely available, spacious 1-bedroom + den offers mountain views from a high-floor, east-facing unit overlooking the park. The den can accommodate a single bed. New flooring and freshly painted living room walls add a fresh touch. Exceptionally quiet and well maintained, it feels like new. Features include quartz countertops, European cabinetry, and high-end appliances. Amenities include concierge, fitness centre, party room, and garden courtyard. Prime location within walking distance to schools, SkyTrain, Richmond Centre, and parks. Includes 1 parking and 1 locker. Move-in ready!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 635 sq ft
- Parking
- 1
- Year built
- 2015
- Property tax
- $1,876 / yr
- Strata fee
- $339 / mo ($0.53 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 1
- MLS®
- R3173976
Features
- Central location
- Private setting
- Elevator
- Pets Allowed
- All
Monthly cost
$3,105/mo
Mortgage $2,610 · Tax $156 · Strata $339
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
- −$1,598/mo
- Cap rate
- 2.0%
- yearly net rent ÷ price
Costs: mortgage $2,610 · tax $156 · strata $339 · 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 Henry Anderson Elementaryhomes in this catchment
300 m away · 9460 Alberta Rd, Richmond · 604-668-6355
- Secondary A.R. MacNeill Secondaryhomes in this catchment
600 m 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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