Condo
$619,900
8% less per sq ft416 23222 GILLEY ROAD
Richmond113 days on market
MLS® R3137277
1 / 35
2 bed · 2 bath · 982 sq ft · 1 parking
Condo · Single Family · built 2011 · 60 days on market
Listed by Stephan Sun, Saba Realty Ltd.
Realtor's description
Welcome to Cambridge Park by Polygon! This renovated 982 sq. ft. corner home offers 2 bedrooms, 2 full bathrooms, a separate dining area, kitchen with exterior window, park outlook and refreshing cross-breeze. The well-managed strata has nearly $1.4M in its contingency reserve fund and has completed major projects including exterior painting and caulking, boiler replacement and fob-system upgrades-funded through the CRF without a special levy. Amenities include a gym, clubhouse, guest suite, bike room and gated playground. Steps to buses and Tomsett Elementary, and close to Walmart, SkyTrain, KPU and Lansdowne Centre. Includes 1 parking! Huge CRF over 1.4 MIL!!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 982 sq ft
- Parking
- 1
- Year built
- 2011
- Property tax
- $2,523 / yr
- Strata fee
- $492 / mo ($0.50 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 60
- MLS®
- R3154117
Features
- Central location
- Elevator
- Gated community
- Pets Allowed With Restrictions
- All
Monthly cost
$3,748/mo
Mortgage $3,045 · Tax $210 · Strata $492
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
- −$1,901/mo
- Cap rate
- 2.0%
- yearly net rent ÷ price
Costs: mortgage $3,045 · tax $210 · strata $492 · 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 Tomsett Elementaryhomes in this catchment
300 m away · 9671 Odlin Rd, Richmond · 604-668-6448
- Secondary A.R. MacNeill Secondaryhomes in this catchment
1.9 km away · 6611 No. 4 Rd, Richmond · 604-668-6212
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.
