Land
$199,800
LOT 31 WESTMINSTER HIGHWAY
Richmond25 days on market
MLS® R3165304
1 / 16
1 bed · 1 bath · 675 sq ft · 1 parking
Condo · Single Family · built 1974 · 122 days on market
Listed by Carolyn Chen, Latitude Realty Inc.
Realtor's description
A very very beautiful & cozy leasehold apartment in prestigious Mayfair Court. Quiet and Bright facing south. South patio with thermos sliding doors. New window sills, new railings , new roof & new paint. Very convenient location: Fresh Co & TD, RBC, West Coast Bank, many restaurants, post-office, etc. right across the street. Bus-stops steps away. Maintenance fee includes: property tax, heat, water, hot water, City utility fee. Well managed leasehold until 2088. Walking distance to Hugh Roberts Secondary and William Bridge Elementary. Good for investor and the first time home buyers.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 675 sq ft
- Parking
- 1
- Year built
- 1974
- Strata fee
- $614 / mo ($0.91 / sq ft)
- Strata rules
- Pets not Allowed
- Days on market
- 122
- MLS®
- R3134368
Features
- Pets not Allowed
- Refrigerator
- Dishwasher
- Stove
Monthly cost
$1,607/mo
Mortgage $993 · Strata $614
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
- −$100/mo
- Cap rate
- 4.7%
- yearly net rent ÷ price
Costs: mortgage $993 · strata $614 · 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 William Bridge Elementaryhomes in this catchment
400 m away · 10400 Leonard Rd, Richmond · 604-668-6236
- Secondary Hugh McRoberts Secondaryhomes in this catchment
600 m away · 8980 Williams Rd, Richmond · 604-668-6600
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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