Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 40
2 bed · 3 bath · 1,612 sq ft · 1 parking
Condo · Single Family · built 1971 · 104 days on market
Listed by Yuli Wang, Royal Pacific Realty Corp.
Realtor's description
Stop compromising on square footage. This rare 1,612 sf two-level penthouse at Regency Park Towers offers the expansive feel of a detached home with the panoramic views only a 16th-floor residence can provide. Featuring a unique 2 bedroom, 2.5 bathroom floor plan, this home is designed for those who value space, privacy, and functional living. Move-in ready with all brand-new appliances, in-suite laundry, and a private storage locker. Enjoy an unbeatable location steps from SkyTrain, Richmond Centre shopping, Minoru Park with running tracks, world-class Minoru Centre for Active Living and top schools Brighouse Elementary, and Richmond Secondary (IB Program). Resort-style building amenities include a large outdoor pool, indoor hot tub, sauna and gym. Maintenance fees include 2 live-in managers, hot water and heat, 1 parking & 1 locker. Easy to rent 2nd parking. Priced to sell.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 3
- Living area
- 1,612 sq ft
- Parking
- 1
- Year built
- 1971
- Property tax
- $2,643 / yr
- Strata fee
- $818 / mo ($0.51 / sq ft)
- Strata rules
- Pets not Allowed, Rentals Allowed With Restrictions
- Days on market
- 104
- MLS®
- R3140462
Features
- Central location
- Elevator
- Pets not Allowed
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$4,084/mo
Mortgage $3,045 · Tax $220 · Strata $818
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
- $2,046/mo
- After all costs
- −$2,236/mo
- Cap rate
- 1.4%
- yearly net rent ÷ price
Costs: mortgage $3,045 · tax $220 · strata $818 · 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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