Open houseCondo
$549,000
33% less per sq ft311 7580 Minoru Boulevard
Richmond4 days on market
MLS® R3172996
1 / 25
1 bed · 1 bath · 806 sq ft · 1 parking
Condo · Single Family · built 1991 · 186 days on market
Listed by Michael Cowling, RE/MAX Michael Cowling and Associates Realty
Realtor's description
Welcome to Colony Bay! This rarely available 1-bedroom, 1-bathroom condo offers over 806 sqft of bright and spacious living. Enjoy two large balconies, perfect for soaking up the sun and fresh air. The building underwent a full rainscreen upgrade in 2022, including balconies, windows, doors, decks, and siding for peace of mind. Additional updates include repiped plumbing (2011) and a new roof (2014). Inside, the home features newer laminate hardwood flooring in the living room and hallway, re-tiled kitchen and bathroom floors, and a quiet, open outlook from the living area. The kitchen has updated lighting fixtures, and the home includes the convenience of in-suite laundry, a cozy gas fireplace, and secured underground parking. Located in the heart of Richmond, this home is just a short walk to Richmond Centre, Minoru Park, and the SkyTrain, offering the perfect blend of comfort and convenience.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 806 sq ft
- Parking
- 1
- Year built
- 1991
- Property tax
- $1,539 / yr
- Strata fee
- $357 / mo ($0.44 / sq ft)
- Days on market
- 186
- MLS®
- R3107328
Features
- Central location
- Elevator
- All
Floor plans
Found among the listing photos.
Monthly cost
$2,658/mo
Mortgage $2,173 · Tax $128 · Strata $357
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
- −$1,151/mo
- Cap rate
- 2.5%
- yearly net rent ÷ price
Costs: mortgage $2,173 · tax $128 · strata $357 · 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 W D Ferris Elementaryhomes in this catchment
600 m away · 7520 Sunnymede Cres, Richmond · 604-668-6538
- Secondary Richmond Secondaryhomes in this catchment
400 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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