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$649,000

303 23200 GILLEY ROAD

Richmond · MLS® R3114982

All units at 23200 Gilley Rd →

2 bed · 2 bath · 827 sq ft · 2 parking

Condo · Single Family · built 2026 · 170 days on market

Listed by Sophia Fan, Nu Stream Realty Inc.

Realtor's description

There are 2 bedrooms and 2 bathrooms in this unit, which faces south and has a quiet beautiful garden view, 2 parking spaces (one of which is for EV charging), and a storage locker. With geothermal heating and air conditioning, your new home in Hamilton Village West has a well-designed living space. Featuring an open-concept kitchen including a gas stove, quartz counters, and stainless steel appliances. With a balcony facing south, you are able to enjoy lovely sunshine and a quiet and open view. It has a gas hookup for barbecues. Building has a fitness room and is brand new. It's close to Queensborough Landing Outlet, commercial units on the ground floor, and HWY 91. Costco's new business center. Bus stop is just outside the building, 15 minutes by bus to skytrain station.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 827 sq ft
Parking: 2
Year built: 2026
Strata fee: $380 / mo ($0.46 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 170
MLS®: R3114982

Features

Elevator
Pets Allowed With Restrictions
All

Floor plans

Found among the listing photos.

Price check

Typical for the area (-0.6%)

2026 assessment: $506,000 · asking is +28%
Price per sq ft: $785 vs $789 median for condos in Richmond for sale (825)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 170 days · no price changes so far

The market here

Listed now: 66 days; median for 856 condos for sale; this one 170 days

Condos in Richmond. Sale prices register 1 to 3 months after a sale closes.

Property tax by year

Year	Assessed	Est. tax
2026	$506,000	$1,790

Estimate: the BC Assessment value times Richmond's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$3,208/mo

Mortgage $2,828 · Strata $380

20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.

estimated payment

$2,828/ monthly

loan $519,200

25-year amortization

down payment20% · $129,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $329,089
property transfer tax: $10,980; BC general rate
cash to close: $140,780; down + PTT
total paid: $848,289

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $2,046/mo
After all costs: −$1,360/mo
Cap rate: 2.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,828 · strata $380 · 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

The building's lot: 14,573 m² (156,862 sq ft) · PID 032-512-104. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary Hamilton Elementaryhomes in this catchment
200 m away · 5180 Smith Dr, Richmond · 604-668-6514
Secondary Matthew McNair Secondaryhomes in this catchment
11.3 km away · 9500 No. 4 Rd, Richmond · 604-668-6575

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.

Good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2016 (78 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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