Condo
$868,000
305 7008 RIVER PARKWAY
Richmondlisted today
MLS® R3174222
1 / 21
3 bed · 2 bath · 1,207 sq ft · 1 parking
Condo · Single Family · built 2003 · 129 days on market
Listed by Stella Yiu, Sutton Group-West Coast Realty
Realtor's description
"Coronado At The Palm" built by Bosa, sub-penthouse NW corner unit. 1,207 s.f. has 3 bedrooms, 2 bathrooms and one balcony with unobstructed panoramic 180 degree views of the mountains, city, and water. The price includes one parking and storage locker. Central location, close to Richmond Centre, Library, Skytrain, restaurants. Unit has been upgraded from carpet to laminated floor in living room / dining room / 3 bedrooms. Building has exercise center, lounge, hot tub, steam room, media room, bicycle room, car wash area. Good tenant since 2018 Mar 1, tenanted on m/m lease at $2,360/mo. School catchment : Currie Elementary and Palmer Secondary. All measurements are approx. buyer to verify if deemed important.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,207 sq ft
- Parking
- 1
- Year built
- 2003
- Property tax
- $3,095 / yr
- Strata fee
- $736 / mo ($0.61 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 129
- MLS®
- R3130710
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
$4,558/mo
Mortgage $3,564 · Tax $258 · Strata $736
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
- $2,500/mo
- After all costs
- −$2,293/mo
- Cap rate
- 1.9%
- yearly net rent ÷ price
Costs: mortgage $3,564 · tax $258 · strata $736 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ 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 General Currie Elementaryhomes in this catchment
500 m away · 8220 General Currie Rd, Richmond · 604-668-6440
- Secondary R C Palmer Secondaryhomes in this catchment
1000 m away · 8160 St. Albans Rd, Richmond
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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