1 / 20

$799,000

1601 8238 SABA ROAD

Richmond · MLS® R3170593

All units at 8238 Saba Rd →

2 bed · 2 bath · 1,229 sq ft · 2 parking

Condo · Single Family · built 1997 · 10 days on market

Listed by Vicky Kao, Royal Pacific Realty Corp.

Realtor's description

Welcome to The Chancellor! This spacious 16F sub-penthouse offers 1,229 sqft. of interior living with large windows, abundant natural light and unobstructed southeast views. Featuring 2 bedrooms + office and 2 bathrooms, the versatile office can easily serve as a 3rd bedroom. A separate kitchen provides added privacy from the main living area, while enjoy 139 sqft. of outdoor space across 2 balconies. Thoughtfully renovated with air conditioning and wallpaper throughout. Steps to SkyTrain, Richmond Centre, Richmond Public Market, restaurants, shopping and everyday conveniences. Includes 2 parking stalls and 1 storage locker. Currently tenanted. A great opportunity for spacious sub-penthouse living in downtown Richmond! Some photos of living, dining rooms and bedrooms are virtually staged.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,229 sq ft
Parking: 2
Year built: 1997
Property tax: $2,901 / yr
Strata fee: $522 / mo ($0.42 / sq ft)
Strata rules: Adult Oriented
Days on market: 10
MLS®: R3170593

Buying in a building from 1982 to 2000: what to read first

Features

Central location
Elevator
Adult Oriented
All
Intercom
Dishwasher

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-18%)

2026 assessment: $820,000 · asking is -2.6%
Price per sq ft: $650 vs $789 median for condos in Richmond for sale (825)

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 10 days · no price changes so far

The market here

Listed now: 66 days; median for 856 condos for sale; this one 10 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$820,000	$2,901
2025	$891,000	$2,846

Estimated tax up 1.9% from 2025 to 2026.

The listing shows $2,901 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

$4,245/mo

Mortgage $3,481 · Tax $242 · Strata $522

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

estimated payment

$3,481/ monthly

loan $639,200

25-year amortization

down payment20% · $159,80020%+ 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: $405,150
property transfer tax: $13,980; BC general rate
cash to close: $173,780; down + PTT
total paid: $1,044,350

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: −$2,398/mo
Cap rate: 1.6%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,481 · tax $242 · strata $522 · 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: 5,831 m² (62,764 sq ft) · PID 024-369-217. 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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.