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$688,000

320 8880 JONES ROAD

Richmond · MLS® R3054653

2 bed · 2 bath · 948 sq ft · 2 parking

Condo · Single Family · built 1993 · 370 days on market

Listed by Ellen Guan, RE/MAX Westcoast

Top floor corner unit with immaculate natural lighting throughout the home. Bright 948 sqft 2 bedroom & 2 bathroom unit with South West exposure & high vaulted ceilings. Master bedroom has enough space for a king size bed and a good size walk in closet. Unit features Laminate flooring, in suite laundry, large pantry space and a huge covered balcony perfect for your outdoor entertainment. Conveniently located to transportation, recreation and a short stroll to Richmond Centre. Well run building with clubhouse & garden. BONUS: 2 parking stalls. Not to be missed!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 948 sq ft
Parking: 2
Year built: 1993
Property tax: $2,165 / yr
Strata fee: $465 / mo ($0.49 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 370
MLS®: R3054653

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

Below typical for the area (-8.3%)

Price per sq ft: $726 vs $792 median for condos in Richmond for sale (829)

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
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

On market 370 days

Listed now: 70 days; median for 830 condos for sale; this one 370 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 Maps can be out of date or miss a lot line; confirm with the municipality.

$3,643/mo

Mortgage $2,998 · Tax $180 · Strata $465

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

estimated payment

$2,998/ monthly

loan $550,400

25-year amortization

down payment20% · $137,60020%+ 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: $348,865
property transfer tax: $11,760; BC general rate
cash to close: $149,360; down + PTT
total paid: $899,265

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: $2,046/mo
After all costs: −$1,796/mo
Cap rate: 2.1%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,998 · tax $180 · strata $465 · 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

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