Condo
$868,000
305 7008 RIVER PARKWAY
Richmondlisted today
MLS® R3174222
1 / 36
3 bed · 3 bath · 1,245 sq ft · 1 parking
Condo · Single Family · built 2017 · 102 days on market
Listed by Cynthia Sun, RE/MAX Crest Realty
Realtor's description
Rarely available 1,245 SF Junior 3 Bedroom corner home at Cadence by Cressey in the heart of Oval Village! Thoughtfully designed over two levels, this bright and spacious home offers a functional townhouse-style layout with all bedrooms upstairs for added privacy. The signature Cressey kitchen features built-in stainless steel appliances, quartz countertops, gas cooktop and a side-by-side refrigerator. Spacious living and dining areas open to a generous balcony, perfect for BBQs and entertaining. Air conditioning, 1 parking and 1 locker included. Steps to T&T, Richmond Olympic Oval, the waterfront, restaurants, shopping and transit, with quick access to YVR and Richmond City Centre. Move-in ready!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,245 sq ft
- Parking
- 1
- Year built
- 2017
- Property tax
- $3,120 / yr
- Strata fee
- $917 / mo ($0.74 / sq ft)
- Days on market
- 102
- MLS®
- R3140911
Features
- Central location
- Elevator
- Gated community
- All
Monthly cost
$4,789/mo
Mortgage $3,612 · Tax $260 · Strata $917
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
- $2,500/mo
- After all costs
- −$2,524/mo
- Cap rate
- 1.6%
- yearly net rent ÷ price
Costs: mortgage $3,612 · tax $260 · strata $917 · 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
Location
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary Samuel Brighouse Elementaryhomes in this catchment
800 m away · 6800 Azure Rd, Richmond · 604-668-6522
- Secondary Richmond Secondaryhomes in this catchment
1.4 km 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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