Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 21
1 bed · 1 bath · 645 sq ft · 1 parking
Condo · Single Family · built 2026 · 251 days on market
Listed by Vivian Deng, Luxmore Realty
Realtor's description
Welcome to one of the largest 1 BED+DEN floorplans at RC Richmond Centre. Open concept living with the most functional layout including a nook, storage and den spaces. European kitchen with Gaggenau gas cooktop and convection wall oven, Bosch fridge and dishwasher. Enjoy 73,000 sf of luxury amenities, including: fitness center, dance/yoga studio, party lounge with kitchen, theater room. Indoor children's playground, games room with ping pong, mahjong tables. Study lounges and coworking space. Guest suites, sky Gardens, pet run & wash area, and so much more! 1 EV parking included.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 645 sq ft
- Parking
- 1
- Year built
- 2026
- Property tax
- $2,431 / yr
- Strata fee
- $459 / mo ($0.71 / sq ft)
- Strata rules
- Pets Allowed, Rentals Allowed With Restrictions
- Days on market
- 251
- MLS®
- R3085074
Features
- Pets Allowed
- Rentals Allowed With Restrictions
- All
- Refrigerator
- Dishwasher
- Stove
Monthly cost
$3,708/mo
Mortgage $3,045 · Tax $203 · Strata $459
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
- −$2,201/mo
- Cap rate
- 1.5%
- yearly net rent ÷ price
Costs: mortgage $3,045 · tax $203 · strata $459 · 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 William Cook Elementaryhomes in this catchment
900 m away · 8600 Cook Rd, Richmond · 604-668-6454
- Secondary Richmond Secondaryhomes in this catchment
600 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.
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