Condo
$389,000
31% less per sq ft202 8700 ACKROYD ROAD
Richmond84 days on market
1 bd1 ba714 sq ft
MLS® R31468611 / 15
$338,000
220 8231 GRANVILLE AVENUE
Richmond · MLS® R3142121
1 bed · 1 bath · 653 sq ft · 1 parking
Condo · Single Family · built 1979 · 97 days on market
Listed by Hilary Lui, Sutton Group-West Coast Realty
Realtor's description
Excellent location in the heart of Richmond at an unbeatable price! This bright and spacious 1-bedroom home features a functional rectangular layout with a generous living room, oversized bedroom, and large private balcony overlooking lush greenery. Natural light filtering through the trees creates a warm and inviting atmosphere throughout the home. Unbeatable convenience with a bus stop just a 1-minute walk away, and walking distance to Richmond Centre, Richmond City Hall, Minoru Park, restaurants, shopping, and everyday amenities. An excellent opportunity for first-time buyers, down-sizers, or investors!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 653 sq ft
- Parking
- 1
- Year built
- 1979
- Property tax
- $1,293 / yr
- Strata fee
- $314 / mo ($0.48 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 97
- MLS®
- R3142121
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Refrigerator
- Stove
Monthly cost
$1,895/mo
Mortgage $1,473 · Tax $108 · Strata $314
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
- $1,676/mo
- After all costs
- −$388/mo
- Cap rate
- 3.9%
- yearly net rent ÷ price
Costs: mortgage $1,473 · tax $108 · strata $314 · 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 Cook Elementaryhomes in this catchment
400 m away · 8600 Cook Rd, Richmond · 604-668-6454
- Secondary A.R. MacNeill Secondaryhomes in this catchment
1.2 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.
