Townhouse
$899,000
9% less per sq ft42 6388 ALDER STREET
Richmond3 days on market
MLS® R3172438
1 / 20
2 bed · 2 bath · 846 sq ft · 1 parking
Condo · Single Family · built 2022 · 310 days on market
Listed by Jade Shen, Royal Pacific Realty Corp.
Open house · Sunday, October 11, 2pm–4pm
Realtor's description
Open house Dec.7 Sunday 2-4pm.The CASCADE CITY Built by Landa Global, designed by renowned Rafii Architects & Arno Matis. Incredibly functional floor plan with generously sized & separated bedrooms in Richmond's most iconic building. Bright, open layout with plenty of windows for natural light; A/C, Miele appliance package+ engineered hardwood floors throughout. Surrounded by restaurants, shops and services. Richmond Centre, Aberdeen Centre+ YVR airport all a short drive away! Easy to get downtown with Canada Line nearby. Bonus: you have your own private Rooftop Patio!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 846 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $3,162 / yr
- Strata fee
- $500 / mo ($0.59 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 310
- MLS®
- R3071446
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
$5,077/mo
Mortgage $4,313 · Tax $263 · Strata $500
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
- −$3,229/mo
- Cap rate
- 1.3%
- yearly net rent ÷ price
Costs: mortgage $4,313 · tax $263 · strata $500 · 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
1.2 km 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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