Condo
$619,900
8% less per sq ft416 23222 GILLEY ROAD
Richmond113 days on market
MLS® R3137277
1 / 35
2 bed · 2 bath · 1,120 sq ft · 1 parking
Condo · Single Family · built 1975 · 81 days on market
Listed by Elizabeth Chau, Latitude Realty Inc.
Realtor's description
Welcome to this beautifully maintained TOP FLOOR, expansive home in the heart of Boyd Park, offering significantly more square footage than today´s typical new builds. In-suite laundry available! Heat included! TThis residence features a versatile original den, complete with a window & closet space, currently utilized as a 2nd bedroom, & a huge, clean private balcony perfect for relaxing/entertaining, complete with its own storage in balcony, plus 1 parking and 1 locker. The building has been exceptionally well managed, with major capital improvements: exterior, balconies, roof, piping, & lobby all completed, & ~$25,000 special levy fully paid for your peace of mind. Residents enjoy fantastic amenities, including indoor & outdoor pools, a sauna, a guest suite, & a library, alongside convenient access to shared laundry & a large private locker. With Seafair Mall just across.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,120 sq ft
- Parking
- 1
- Year built
- 1975
- Property tax
- $1,837 / yr
- Strata fee
- $565 / mo ($0.50 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 81
- MLS®
- R3147887
Features
- Private setting
- Elevator
- Pets Allowed With Restrictions
Monthly cost
$2,848/mo
Mortgage $2,130 · Tax $153 · Strata $565
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
- −$1,000/mo
- Cap rate
- 2.8%
- yearly net rent ÷ price
Costs: mortgage $2,130 · tax $153 · strata $565 · 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 R M Grauer Elementaryhomes in this catchment
600 m away · 4440 Blundell Rd, Richmond · 604-668-6547
- Secondary Hugh Boyd Secondaryhomes in this catchment
600 m away · 9200 No. 1 Rd, Richmond · 604-668-6615
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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