Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond44 days on market
3 bd2 ba1,182 sq ft
MLS® R31583801 / 37
$529,000
1511 6631 MINORU BOULEVARD
Richmond · MLS® R3142348
2 bed · 2 bath · 1,233 sq ft · 1 parking
Condo · Single Family · built 1971 · 96 days on market
Listed by Kim Leung, Royal Pacific Realty Corp.
Realtor's description
This two-bedroom home is absolutely sublime. From the bathrooms and kitchen to the flooring. Perfect for first-time homebuyers or investors, this home is move-in ready. This is a solid, well maintained concrete building, with incredible amenities. Amazing amenities includes an outdoor pool, hot tub, and gym. Located in the heart of Richmond, directly across from and close to Richmond Centre and SkyTrain Station, you'll be just steps from shopping, dining, transit, and everyday conveniences. Don't miss this opportunity - call today! Open house Sunday July 26, 2-4pm
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,233 sq ft
- Parking
- 1
- Year built
- 1971
- Property tax
- $2,057 / yr
- Days on market
- 96
- MLS®
- R3142348
Features
- Central location
- Elevator
- Refrigerator
- Stove
Monthly cost
$2,476/mo
Mortgage $2,305 · Tax $171
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
If you rented it out
- Rent
- $2,046/mo
- After all costs
- −$629/mo
- Cap rate
- 3.8%
- yearly net rent ÷ price
Costs: mortgage $2,305 · tax $171 · 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.
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