Open houseCondo
$399,800
29% less per sq ft207 8535 JONES ROAD
Richmond1 day on market
MLS® R3173970
1 / 38
$499,900
216 7531 MINORU BOULEVARD
Richmond · MLS® R3173955
2 bed · 1 bath · 922 sq ft · 1 parking
Condo · Single Family · built 1983 · 1 day on market
Listed by Sean Lawson, RE/MAX Westcoast
Realtor's description
Don´t miss this spotless and beautifully updated 2-bedroom home overlooking serene, mature trees at Cypress Point. This centrally located apartment complex is incredibly well-managed and features a convenient gym and pool deck with hot tub. The spacious layout provides for access to bathroom via the Primary Bedroom closet, like an ensuite, or via the main living area. The living room and both bedrooms enjoy outdoor access and there´s a large 9´ x 5´ private storage room off the balcony, perfect for sports equipment or pantry items. The home features new flooring, appliances, stone countertops and lighting. Nothing left to do but move in and enjoy this home in an unbeatable location, walking distance to CF Richmond Centre, the Canada Line SkyTrain, and Minoru Centre of Active Living + Sports fields.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 922 sq ft
- Parking
- 1
- Year built
- 1983
- Property tax
- $1,882 / yr
- Strata fee
- $541 / mo ($0.59 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 1
- MLS®
- R3173955
Features
- Pets Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
$2,876/mo
Mortgage $2,178 · Tax $157 · Strata $541
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
- −$1,029/mo
- Cap rate
- 2.8%
- yearly net rent ÷ price
Costs: mortgage $2,178 · tax $157 · strata $541 · 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 W D Ferris Elementaryhomes in this catchment
500 m away · 7520 Sunnymede Cres, Richmond · 604-668-6538
- Secondary Richmond Secondaryhomes in this catchment
400 m away · 7171 Minoru Blvd, Richmond · 604-668-6400
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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