Condo
$399,000
216 8400 ACKROYD ROAD
Richmond3 days on market
MLS® R3173014
1 / 28
3 bed · 1 bath · 1,057 sq ft · 1 parking
Condo · Single Family · built 1974 · 2,723 days on market
Listed by Carolyn Chen, Latitude Realty Inc.
Realtor's description
"Leasehold" 3 bdrms expires in 2087, with balcony and in-suite storage. Shared Laundry. Rental allowed. no pets. Excellent investment for your cash flow. The management fee includes Property Tax, Heat, Water, Hot Water, City Utilities, and Caretaker. Building updates: new exteriors, new roof, new double vinyl windows & balcony doors, new balconies, new pipping. Walking distance to McKay Elementary School, Burnett Secondary School, Thompson Community Center, Park, the Dyke, and Public Transit. It's hard to get a mortgage. Cash sale preferred. Seller's mortgage available for qualified buyers. Newly renovated in Feb 2023. Easy to show.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 1
- Living area
- 1,057 sq ft
- Parking
- 1
- Year built
- 1974
- Strata fee
- $1,057 / mo ($1.00 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 2,723
- MLS®
- R2363069
Features
- Pets not Allowed
- Refrigerator
- Stove
Monthly cost
$2,533/mo
Mortgage $1,476 · Strata $1,057
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $2,500/mo
- After all costs
- −$268/mo
- Cap rate
- 4.3%
- yearly net rent ÷ price
Costs: mortgage $1,476 · strata $1,057 · 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 Donald E McKay Elementaryhomes in this catchment
100 m away · 7360 Lombard Rd, Richmond · 604-668-6470
- Secondary J.N. Burnett Secondaryhomes in this catchment
500 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.
