Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 11
1 bed · 1 bath · 554 sq ft · 1 parking
Condo · Single Family · built 2022 · 265 days on market
Listed by Torie Yang, Luxmore Realty
Realtor's description
The CASCADE CITY Built by Landa Global.Bright & functional South East facing 1 bedroom home is designed for modern living.Incredibly functional floor plan with generously sized rooms.A/C, Miele appliance package and engineered hardwood floors throughout.Surrounded by restaurants,shops and services.Richmond Centre, Lansdowne Center, Aberdeen Centre+YVR airport.Amenities include an exclusive 3,000sf double-height Fitness Centre,Guest Suite,Multi-functional Club Lounge.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 554 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $2,070 / yr
- Strata fee
- $373 / mo ($0.67 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 265
- MLS®
- R3080361
Features
- Central location
- Elevator
- Pets Allowed
- Oven - Built-In
- Washer & Dryer
Monthly cost
$3,185/mo
Mortgage $2,640 · Tax $172 · Strata $373
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
- −$1,679/mo
- Cap rate
- 1.9%
- yearly net rent ÷ price
Costs: mortgage $2,640 · tax $172 · strata $373 · 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 Samuel Brighouse Elementaryhomes in this catchment
600 m away · 6800 Azure Rd, Richmond · 604-668-6522
- Secondary Richmond Secondaryhomes in this catchment
1.2 km 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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