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$1,279,800

1408 8111 PARK ROAD

Richmond · MLS® R3149477

All units at 8111 Park Rd →

2 bed · 3 bath · 1,279 sq ft · 2 parking

Condo · Single Family · built 2024 · 77 days on market

Listed by Samuel Cheung, Sutton Group Seafair Realty

Realtor's description

PENTHOUSE UNIT - SUMMER SPECIAL PRICE!!! GREAT SELECTIONS of 1, 2,3 Bedrooms and Penthouse Units!! Move into "ONE PARK" at Richmond Core today! A Master Planned Development at Excellent Central location in the heart of Richmond!! Located across from Richmond Centre, only a few minutes walk to Brighouse Skytrain Station. All-in-one living with Restaurants, 2 Supermarkets, Medical and Dental clinics, offices and other retail within the complex at "One Park". Features with private 32,000 s.f. Sky Park connects all three towers, 7000 s.f. wellness centre with a fully outfitted gym, yoga studio, sauna and steam rooms, as well as party rooms featuring billiards and ping-pong tables, and much more...!!! Measurements are approximate

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 3
Living area: 1,279 sq ft
Parking: 2
Year built: 2024
Property tax: $4,503 / yr
Strata fee: $908 / mo ($0.71 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 77
MLS®: R3149477

Features

Central location
Elevator
Wheelchair access
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Refrigerator

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+26%)

2026 assessment: $1,336,000 · asking is -4.2%
Price per sq ft: $1,001 vs $795 median for condos in Richmond for sale (819)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 77 days · no price changes so far

The market here

Listed now: 68 days; median for 848 condos for sale; this one 77 days

Condos in Richmond. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$1,336,000	$4,727

The listing shows $4,503 a year in property tax.

Estimate: the BC Assessment value times Richmond's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$6,859/mo

Mortgage $5,576 · Tax $375 · Strata $908

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$5,576/ monthly

loan $1,023,840

25-year amortization

down payment20% · $255,96020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $648,950
property transfer tax: $23,596; BC general rate
cash to close: $279,556; down + PTT
total paid: $1,672,790

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $2,046/mo
After all costs: −$5,012/mo
Cap rate: 0.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $5,576 · tax $375 · strata $908 · 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

The building's lot: 10,216 m² (109,964 sq ft). From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary William Cook Elementaryhomes in this catchment
500 m away · 8600 Cook Rd, Richmond · 604-668-6454
Secondary A.R. MacNeill Secondaryhomes in this catchment
1.3 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.

Good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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