Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 17
2 bed · 2 bath · 1,192 sq ft · 1 parking
Condo · Single Family · built 1971 · 161 days on market
Listed by Bonnie Ng, RA Realty Alliance Inc.
Realtor's description
Rarely available CORNER UNIT + unobstructed view of Minoru Park on the 13/fl with 1192 Sq ft, 2 bedrooms 2 bathrooms highrise building. Enclosed balcony ideal for an office. Only this corner unit with window at the Kitchen for nature light. 1 locker and 1 covered parking on the 2/fl. Shared laundry and NO pets allowed building. Walking distance to Richmond centre, library, Minoru Park, Gym, Minoru indoor Pool and arena, restaurants, Richmond hospital and skytrain station. Building has exercise /party room. School catchments - Richmond Secondary and Ferris Elementary. Management fee including heat and water. All measurement are approx. Buyer to verify is important.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,192 sq ft
- Parking
- 1
- Year built
- 1971
- Property tax
- $2,006 / yr
- Strata fee
- $649 / mo ($0.54 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 161
- MLS®
- R3118003
Features
- Central location
- Elevator
- Pets not Allowed
- Refrigerator
- Dishwasher
- Stove
Monthly cost
$3,252/mo
Mortgage $2,436 · Tax $167 · Strata $649
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
- −$1,404/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,436 · tax $167 · strata $649 · 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 Samuel Brighouse Elementaryhomes in this catchment
600 m away · 6800 Azure Rd, Richmond · 604-668-6522
- Secondary Richmond Secondaryhomes in this catchment
500 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.
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
