Open houseCondo
$549,000
33% less per sq ft311 7580 Minoru Boulevard
Richmond4 days on market
MLS® R3172996
1 / 40
1 bed · 1 bath · 677 sq ft · 1 parking
Condo · Single Family · built 2011 · 45 days on market
Listed by Marco Tam, Interlink Realty
Realtor's description
Location, Location, Location! A rare opportunity to own a premium NE-facing upper residence @ Saffron, priced below assessment + Super LOW strata fee for ONLY $330.18/m. This elegantly upgraded 1 bed + spacious WINDOWED DEN + 1 bath 677sqft home is bathed in natural light & finished with fresh paint, new laminate flooring & refined detailing throughout. The large-windowed Den works as a true executive office or flex space for your family. Enjoy this serene MOVE-IN-READY home with a big open concept gourmet kitchen, SS appliance, GAS cooktop, granite countertop electric fireplace and in-suite laundry, 1 parking+ 1 locker, elevator, Gym & Garden. Centrally located in the Heart of Richmond: STEPS to Canada Line, Richmond Centre, Lansdowne, parks, banks, Schools, Public Market, FOOD, restaurants, etc. Easy access to UBC, Airport & downtown. A Perfect home for both families & investment. Act Fast before too late. Open house Sat/Sun Aug 29/30 @1-4:30p.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 677 sq ft
- Parking
- 1
- Year built
- 2011
- Property tax
- $1,918 / yr
- Strata fee
- $330 / mo ($0.49 / sq ft)
- Strata rules
- Adult Oriented, Pets Allowed With Restrictions
- Days on market
- 45
- MLS®
- R3159047
Features
- Central location
- Treed
- Elevator
- Wheelchair access
- Gated community
- Adult Oriented
Floor plans
Found among the listing photos.
Monthly cost
$2,581/mo
Mortgage $2,091 · Tax $160 · Strata $330
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
- −$1,074/mo
- Cap rate
- 2.5%
- yearly net rent ÷ price
Costs: mortgage $2,091 · tax $160 · strata $330 · 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
100 m away · 8600 Cook Rd, Richmond · 604-668-6454
- Secondary A.R. MacNeill Secondaryhomes in this catchment
800 m 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.
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