1 / 36

$533,000

321 7453 MOFFATT ROAD

Richmond · MLS® R3174321

1 bed · 1 bath · 841 sq ft · 1 parking

Condo · Single Family · built 1989 · listed today

Listed by Vincent Lim, RE/MAX Crest Realty

Realtor's description

Discover elevated living in this beautifully renovated, top-floor 1-bedroom home at Colony Bay, a quiet 3-storey complex in the heart of Richmond. Thoughtfully redesigned with no expense spared, featuring smooth ceilings, wide-plank flooring, recessed dimmable lighting and refined finishes throughout. The stunning new kitchen boasts modern appliances, induction cooking, custom spice rack and under-cabinet lighting. Spa-inspired bathroom with double vanity, elegant tilework and designer lighting. Enjoy a cozy gas fireplace and sunny south-facing covered balcony with access from both the living room and bedroom. Includes parking and storage. Fully rainscreened and repiped in 2024. Steps to Minoru Park, Richmond Centre, Skytrain and more. A rare turnkey gem!

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 841 sq ft
Parking: 1
Year built: 1989
Property tax: $1,718 / yr
Strata fee: $339 / mo ($0.40 / sq ft)
Strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
Days on market: 0
MLS®: R3174321

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

Features

Central location
Elevator
Wheelchair access
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

Price check

Below typical for the area (-20%)

Price per sq ft: $634 vs $789 median for condos in Richmond for sale (825)

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.

Property insights

On market 0 days

The market here

Listed now: 66 days; median for 856 condos for sale; this one listed today

Condos in Richmond. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$2,805/mo

Mortgage $2,322 · Tax $143 · Strata $339

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

estimated payment

$2,322/ monthly

loan $426,400

25-year amortization

down payment20% · $106,60020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $270,269
property transfer tax: $8,660; BC general rate
cash to close: $115,260; down + PTT
total paid: $696,669

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.

If you rented it out

Rent: $1,676/mo
After all costs: −$1,298/mo
Cap rate: 2.3%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,322 · tax $143 · strata $339 · 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

The building's lot: 16,786 m² (180,683 sq ft) · PID 009-226-249. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary W D Ferris Elementaryhomes in this catchment
500 m away · 7520 Sunnymede Cres, Richmond · 604-668-6538
Secondary Richmond Secondaryhomes in this catchment
500 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.

Good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

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.

Keep private notes and ratings on homes you're considering. Sign in (email only) and they follow you to every device.