House
$188,000
5 23080 DYKE ROAD
Richmond25 days on market
MLS® R3165203
1 / 14
1 bed · 1 bath · 634 sq ft · 1 parking
Condo · Single Family · built 1974 · listed today
Listed by Owen Bigland, Macdonald Realty Westmar
Realtor's description
LEASEHOLD Apartment in Sussex Square. Spacious 1 bedroom, top floor unit, is one of the best values and locations in Richmond. Centrally located within walking to elementary & secondary schools, transit, shopping, Thompson & Minoru Recreation Centres & Richmond Aquatic, and greenway trails. This is a quiet family orientated, leasehold complex, which has been very well maintained. Building improvements include repiping, bathroom & kitchen fan replacement, and building envelope work including balconies, balcony doors, windows, and screens. Monthly fee includes heat, hot water, property tax, caretakers, and management. Pre-paid land lease runs until 2087. A fantastic investment unit as Rentals are allowed, or makes a great place to call home. Offers due Tues, Oct 13 by 1pm
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 634 sq ft
- Parking
- 1
- Year built
- 1974
- Strata fee
- $631 / mo ($1.00 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 0
- MLS®
- R3174227
Features
- Central location
- Pets not Allowed
Monthly cost
$1,280/mo
Mortgage $649 · Strata $631
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $1,676/mo
- After all costs
- $227/mo
- Cap rate
- 7.1%
- yearly net rent ÷ price
Costs: mortgage $649 · strata $631 · 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 Donald E McKay Elementaryhomes in this catchment
200 m away · 7360 Lombard Rd, Richmond · 604-668-6470
- Secondary J.N. Burnett Secondaryhomes in this catchment
400 m away · 5011 Granville Ave, Richmond · 604-668-6478
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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