Condo
$308,000
27% less per sq ft225 8120 COLONIAL DRIVE
Richmondlisted today
MLS® R3174180
1 / 23
1 bed · 1 bath · 684 sq ft · 1 parking
Condo · Single Family · built 1981 · 126 days on market
Listed by Daniel Lumsden, Vybe Realty
Realtor's description
Welcome To A Turn Key Ground Floor Unit At Dorchester Circle. This Unit Has Recently Had Many New Updates That Include: New Flooring, New Paint, New Fixtures, New Bathroom Vanity, New Bathroom Toilet, Complete New Kitchen (Including Soft Close Drawers + Cabinets) And New Kitchen Appliances (Not Fridge). Fantastic For A First Time Home Buyer, Downsizer, Or Student. Unbeatable Location With Easy Access To: Richmond Centre, Aquatic Center And Canada Line. Building Has Amazing Upkeep As It Boats A Roof That Was Recently Done In 2013, And A Recently Upgraded Elevator Done In 2020. Come And Enjoy All The Additional Amenities Such As: Outdoor Pool, Fitness Room, And Recently Upgraded Laundry Facilities. You Don't Want To Miss This Lovely Unit!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 684 sq ft
- Parking
- 1
- Year built
- 1981
- Property tax
- $1,350 / yr
- Strata fee
- $319 / mo ($0.47 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 126
- MLS®
- R3132438
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
$2,043/mo
Mortgage $1,612 · Tax $112 · Strata $319
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
- −$536/mo
- Cap rate
- 3.5%
- yearly net rent ÷ price
Costs: mortgage $1,612 · tax $112 · strata $319 · 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 W D Ferris Elementaryhomes in this catchment
800 m away · 7520 Sunnymede Cres, Richmond · 604-668-6538
- Secondary Richmond Secondaryhomes in this catchment
300 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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