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$685,000

307 5860 DOVER CRESCENT

Richmond · MLS® R3171612

3 bed · 2 bath · 1,201 sq ft · 2 parking

Condo · Single Family · built 1997 · 5 days on market

Listed by Claire Gong, Dracco Pacific Realty

Experience bright, contemporary living in this beautifully maintained home, filled with natural light and refined finishes. This west-facing unit enjoys abundant sunlight and features a private balcony with lovely water and mountain views-perfect for relaxing evenings! The spacious layout offers comfortable living and dining areas, with the living room also capturing serene water views. Amenities: gym, meeting room, daycare, and landscaped gardens. Just steps from the scenic Richmond waterfront dyke trail and directly across from the park. 5 Mins walk to the Fraser River Walk, 5 Mins Walk to Olympic OVAL , TNT, community centre. 10 mins Drive to Richmond Shopping Centre, Canada Line skytrain station, Minoru Park, Terra Nova Park etc. OH Oct 3 & 4, Sat & Sun 2-5pm

Type: Condo, Single Family
Bedrooms: 3
Bathrooms: 2
Living area: 1,201 sq ft
Parking: 2
Year built: 1997
Property tax: $2,603 / yr
Strata fee: $608 / mo ($0.51 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 5
MLS®: R3171612

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

Below typical for the area (-28%)

2026 assessment: $744,000 · asking is -7.9%
Price per sq ft: $570 vs $792 median for condos in Richmond for sale (829)
Last sold: $653,000 · May 17, 2023

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
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 5 days

Listed now: 70 days; median for 830 condos for sale; this one 5 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.

$3,809/mo

Mortgage $2,984 · Tax $217 · Strata $608

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

estimated payment

$2,984/ monthly

loan $548,000

25-year amortization

down payment20% · $137,00020%+ 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: $347,344
property transfer tax: $11,700; BC general rate
cash to close: $148,700; down + PTT
total paid: $895,344

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: $2,500/mo
After all costs: −$1,544/mo
Cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,984 · tax $217 · strata $608 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a 3+ 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

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