Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond44 days on market
3 bd2 ba1,182 sq ft
MLS® R31583801 / 33
$529,000
304 5500 LYNAS LANE
Richmond · MLS® R3171313
2 bed · 2 bath · 809 sq ft · 2 parking
Condo · Single Family · built 1996 · 6 days on market
Listed by Dan Roberts, Oakwyn Realty Ltd.
Realtor's description
Incredible value! This fully renovated west facing 2 bed, 2 bath home at The Hamptons offers effortless living in a quiet, sought-after pocket near Dover Park. The well-appointed floor plan separates the bedrooms for privacy, while the open-concept living and dining area is flooded with natural light through oversized windows. Step outside to two west-facing covered patios with dyke water views-perfect for year-round indoor-outdoor living and evening sunsets. The spacious primary easily fits a king with generous closet space, while the second bedroom is ideal for guests, kids, or a home office. Features include a large pantry, dedicated laundry room, and 2 parking (tandem). Steps to the dyke trails, Olympic Oval, shops, dining, transit, and top-rated schools, making this an ideal fit for downsizers, young families, or professionals. OPEN HOUSE: SAT OCT 3 12:30-1:30
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 809 sq ft
- Parking
- 2
- Year built
- 1996
- Property tax
- $2,057 / yr
- Strata fee
- $545 / mo ($0.67 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 6
- MLS®
- R3171313
Features
- Elevator
- Pets Allowed
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,021/mo
Mortgage $2,305 · Tax $171 · Strata $545
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
- $2,046/mo
- After all costs
- −$1,174/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $2,305 · tax $171 · strata $545 · 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
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary Archibald Blair Elementaryhomes in this catchment
900 m away · 6551 Lynas Lane, Richmond · 604-668-6330
- Secondary J.N. Burnett Secondaryhomes in this catchment
1.1 km away · 5011 Granville Ave, Richmond · 604-668-6478
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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