Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 37
2 bed · 2 bath · 867 sq ft · 1 parking
Condo · Single Family · built 1997 · 112 days on market
Listed by Karen Will, Sutton Group Seafair Realty
Realtor's description
Private south Garden Apartment with the feel of a townhouse entry. Enter via your private gate off Dyke Road to a premium garden oasis, 20 x 16 ft, with covered outdoor eating area. Dble French doors with magnetic screen open to your bright living/dining area with peek a boo opening to kitchen. Perfect for entertaining! Fireplace, laundry w/pantry storage, shower & a tub, & walk-in closet are all desired extras. Wake to your personal garden view out 2 large primary bed windows. Close to Preschools, Homma Elementary, McMath Secondary. Walk to shops on 2 Road or stroll the dyke to Steveston & all it offers. This is a lifestyle near the water; feel the small town vibe. Fitness room & amenity room. Come see this 2 bed, 2 bath & live the lifestyle! Open House Sunday, June 2, 12-2 pm.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 867 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
- 112
- MLS®
- R3137719
Features
- Private setting
- Elevator
- Wheelchair access
- Pets Allowed With Restrictions
- All
Monthly cost
$3,577/mo
Mortgage $2,897 · 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
- −$1,729/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,897 · 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
1.5 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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