Condo
$587,900
501 5520 MCNAUGHTON ROAD
Richmond9 days on market
1 bd1 ba535 sq ft
MLS® R31701121 / 20
$489,000
313 10880 NO. 5 ROAD
Richmond · MLS® R3123331
1 bed · 1 bath · 590 sq ft · 1 parking
Condo · Single Family · built 2014 · 147 days on market
Listed by Daniel Chen, LeHomes Realty Premier
Realtor's description
East-facing extra large unit with no intense west facing Summer heat. Welcome to The Gardens in desirable Ironwood! Conveniently located near transit, Hwy 99, tunnel, shopping, restaurants, and everyday amenities. Built by Townline in 2014, this pristine 1 bed, 1 bath homes is move-in ready and exceptionally well maintained. Functional floor plan featuring stainless steel appliances, granite countertops, dark wood cabinetry and in-suite stacked W/D. Includes 1 parking and 1 locker. Gas included in Strata fee. Pets and rentals allowed. Located on the Historic Fantasy Gardens grounds. steps to Ironwood Plaza, parks, and more! Open house, 2-4pm, Sept 12th, Sat
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 590 sq ft
- Parking
- 1
- Year built
- 2014
- Property tax
- $1,683 / yr
- Strata fee
- $439 / mo ($0.74 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 147
- MLS®
- R3123331
Features
- Central location
- Private setting
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
$2,710/mo
Mortgage $2,131 · Tax $140 · Strata $439
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
- −$1,203/mo
- Cap rate
- 2.3%
- yearly net rent ÷ price
Costs: mortgage $2,131 · tax $140 · strata $439 · 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 Thomas Kidd Elementaryhomes in this catchment
1000 m away · 10851 Shell Rd, Richmond · 604-668-6602
- Secondary Matthew McNair Secondaryhomes in this catchment
1.9 km away · 9500 No. 4 Rd, Richmond · 604-668-6575
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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