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$698,000

305 7459 Moffatt Road

Richmond · MLS® R3124623

2 bed · 2 bath · 1,085 sq ft · 1 parking

Condo · Single Family · built 1987 · 144 days on market

Listed by Valerie Laurendeau, RE/MAX Westcoast

Realtor's description

Welcome to this bright and spacious TOP FLOOR 2 bedroom, 2 bath home in Colony Bay, with over 1,000 square ft of comfortable living space. Vaulted ceilings in the living room allows an abundance of natural light, with private north-facing tree-lined views. Recent updates include brand new luxury vinyl flooring, stove, hood fan, and dishwasher. Both bedrooms are generously sized, with access to the balcony including from the living room. This well-cared-for building was fully rainscreened and re-piped in 2024. Includes 1 secured parking stall, with a locker currently rented for just $20/month. Located just steps from Rmd Centre, Brighouse Library, Minoru Centre for Active Living, Minoru Track, transit, Richmond Secondary and Ferris Elementary.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,085 sq ft
Parking: 1
Year built: 1987
Property tax: $2,197 / yr
Strata fee: $448 / mo ($0.41 / sq ft)
Strata rules: Pets Allowed, Rentals Allowed With Restrictions
Days on market: 144
MLS®: R3124623

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

Features

Central location
Elevator
Pets Allowed
Rentals Allowed With Restrictions
All

Price check

Below typical for the area (-18%)

2026 assessment: $656,000 · asking is +6.4%
Price per sq ft: $643 vs $788 median for condos in Richmond for sale (826)

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 144 days · no price changes so far

The market here

Listed now: 66 days; median for 859 condos for sale; this one 144 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$656,000	$2,321

The listing shows $2,197 a year in property tax.

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

$3,672/mo

Mortgage $3,041 · Tax $183 · Strata $448

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

estimated payment

$3,041/ monthly

loan $558,400

25-year amortization

down payment20% · $139,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 11, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $353,936
property transfer tax: $11,960; BC general rate
cash to close: $151,560; down + PTT
total paid: $912,336

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: −$1,825/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,041 · tax $183 · strata $448 · 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: 16,786 m² (180,683 sq ft) · PID 009-226-249. 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 W D Ferris Elementaryhomes in this catchment
500 m away · 7520 Sunnymede Cres, Richmond · 604-668-6538
Secondary Richmond Secondaryhomes in this catchment
400 m away · 7171 Minoru Blvd, Richmond · 604-668-6400

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: 2018 (13 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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