Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 16
1 bed · 1 bath · 654 sq ft · 1 parking
Condo · Single Family · built 2021 · 183 days on market
Listed by Jade Shen, Royal Pacific Realty Corp.
Realtor's description
A gem in the heart of Richmond. Centrally located while quiet. Quality built by Famous Developers Pinnacle. Solid concrete building with 1 bedrooms 1 Den and 1 baths. Granite counter tops, s/s appliances and gas stove which is included in the strata fee. Located in the heart of Richmond, Capstan Sky Train Station nearby, with Yohan Center, Aberdeen Center, Union Square Shopping Center, and many more; close to schools, parks, Richmond Centre and public transportation. Amenities includes fully equipped gym room. 1 parking. Don't miss your chance, call today book your private showing
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 654 sq ft
- Parking
- 1
- Year built
- 2021
- Property tax
- $2,255 / yr
- Strata fee
- $276 / mo ($0.42 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 183
- MLS®
- R3108959
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$3,592/mo
Mortgage $3,128 · Tax $188 · Strata $276
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
- −$2,085/mo
- Cap rate
- 1.7%
- yearly net rent ÷ price
Costs: mortgage $3,128 · tax $188 · strata $276 · 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 R. C. Talmey Elementaryhomes in this catchment
800 m away · 9500 Kilby Dr, Richmond · 604-668-6275
- Secondary A.R. MacNeill Secondaryhomes in this catchment
2.9 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.
