Condo
$308,000
26% less per sq ft225 8120 COLONIAL DRIVE
Richmondlisted today
MLS® R3174180
1 / 11
2 bed · 1 bath · 834 sq ft · 1 parking
Condo · Single Family · built 1974 · 121 days on market
Listed by Carolyn Chen, Latitude Realty Inc.
Realtor's description
Central Location! The spacious, well-maintained upper unit has a wonderful floor plan with 2 bedrooms and 1 full bathroom. Extremely convenient location, Close to Thompson Community Centre, Blundell Shopping Centre, minutes drive to Richmond Centre. School Catchments: Burnett Secondary High, Mckay Elementary School. Excellent opportunity. Must see!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 834 sq ft
- Parking
- 1
- Year built
- 1974
- Strata fee
- $833 / mo ($1.00 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 121
- MLS®
- R3134544
Features
- Pets not Allowed
- Refrigerator
- Stove
Monthly cost
$2,001/mo
Mortgage $1,168 · Strata $833
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $2,046/mo
- After all costs
- −$154/mo
- Cap rate
- 4.5%
- yearly net rent ÷ price
Costs: mortgage $1,168 · strata $833 · 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 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.
Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.
