1 / 12

$688,000

303 8535 JONES ROAD

Richmond · MLS® R3123227

2 bed · 2 bath · 1,016 sq ft · 1 parking

Condo · Single Family · built 1991 · 147 days on market

Listed by Frank Peng, Dracco Pacific Realty

Rarely available TOP FLOOR PENTHOUSE corner unit at Catalina by Polygon! This beautifully maintained 2 bed, 2 bath home offers 1,016 SF of bright, airy living with soaring vaulted ceilings and large picturesque windows throughout. Thoughtfully updated with newer laminate flooring and fresh paint, featuring a spacious open layout, cozy gas fireplace, insuite laundry, oversized bedrooms, and a quiet sunny balcony. Includes 1 parking & 1 locker. Well-managed rainscreened building with major upgrades including roof/skylights/vents (2011), repiping (2012), and elevator modernization (2026). Excellent central yet quiet location steps to Richmond Centre, Minoru Park, transit, shopping, restaurants. A rare penthouse corner home in one of Richmond's most convenient locations - don't miss this one!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,016 sq ft
Parking: 1
Year built: 1991
Property tax: $1,717 / yr
Strata fee: $708 / mo ($0.70 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 147
MLS®: R3123227

Buying in a building from 1982 to 2000: what to read first

Below typical for the area (-14%)

2026 assessment: $576,000 · asking is +19%
Price per sq ft: $677 vs $792 median for condos in Richmond for sale (829)

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.

Central location
Private setting
Elevator
Pets Allowed With Restrictions
All

On market 147 days

Listed now: 70 days; median for 830 condos for sale; this one 147 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

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 Maps can be out of date or miss a lot line; confirm with the municipality.

$3,849/mo

Mortgage $2,998 · Tax $143 · Strata $708

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

estimated payment

$2,998/ monthly

loan $550,400

25-year amortization

down payment20% · $137,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $348,865
property transfer tax: $11,760; BC general rate
cash to close: $149,360; down + PTT
total paid: $899,265

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.

Rent: $2,046/mo
After all costs: −$2,001/mo
Cap rate: 1.7%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,998 · tax $143 · strata $708 · 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

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.

RichmondGoogle Maps ↗