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$659,000

1415 5115 GARDEN CITY ROAD

Richmond · MLS® R3159804

2 bed · 2 bath · 840 sq ft · 2 parking

Condo · Single Family · built 2004 · 38 days on market

Listed by Mario Cruz, Maple Supreme Realty Inc.

Realtor's description

CENTRAL downtown Richmond location! Penthouse 2 bedroom and 2 bathrooms layout, overlooking the park. high ceiling with updated bathrooms and it comes with two parking. It's walking distance to shopping -Lansdowne Mall, T&T supermarket, Walmart, Kwantlen college & restaurants nearby. Close to all transportation & Canada Line train. Pets allowed (with restrictions) and Rental friendly. Guest suites are available for your guests. Open hse Oct.11 Sunday 2-4pm

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 840 sq ft
Parking: 2
Year built: 2004
Property tax: $2,286 / yr
Strata fee: $485 / mo ($0.58 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 38
MLS®: R3159804

Features

Pets Allowed With Restrictions
Refrigerator
Washer & Dryer

Price check

Typical for the area (-1.2%)

2026 assessment: $646,000 · asking is +2.0%
Price per sq ft: $785 vs $794 median for condos in Richmond for sale (827)

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 38 days

The market here

Listed now: 70 days; median for 828 condos for sale; this one 38 days

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

Monthly cost

$3,547/mo

Mortgage $2,871 · Tax $190 · Strata $485

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

estimated payment

$2,871/ monthly

loan $527,200

25-year amortization

down payment20% · $131,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $334,160
property transfer tax: $11,180; BC general rate
cash to close: $142,980; down + PTT
total paid: $861,360

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: −$1,699/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,871 · tax $190 · strata $485 · 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 ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary City Centre Elementaryhomes in this catchment
Secondary A.R. MacNeill Secondaryhomes in this catchment
1.5 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.

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