Condo
$587,900
501 5520 MCNAUGHTON ROAD
Richmond9 days on market
1 bd1 ba535 sq ft
MLS® R31701121 / 17
$489,999
328 7480 ST. ALBANS ROAD
Richmond · MLS® R3070578
2 bed · 1 bath · 773 sq ft · 1 parking
Condo · Single Family · built 1992 · 314 days on market
Listed by Paul Su Ming Chang, Multiple Realty Ltd.
Realtor's description
Location! Location! Location! only 5 minutes walking to famous high school (school catchment: Palmer secondary). This fantastic two-bedroom suite on the penthouse level was fully renovated in 2018 has a IN-SUITE LAUNDRY with a bright, spacious open floor plan, laminate floors, quartz counter top, a large balcony, and includes 1 1 secure parking (#36). CENTRALLY LOCATED just minutes to shops, popular restaurants, Brighouse sky train station, transit, Garden City & Richmond Centre mall. A gorgeous unit in quiet place! Must see!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 773 sq ft
- Parking
- 1
- Year built
- 1992
- Property tax
- $1,539 / yr
- Strata fee
- $448 / mo ($0.58 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 314
- MLS®
- R3070578
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
$2,711/mo
Mortgage $2,135 · Tax $128 · Strata $448
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
- −$864/mo
- Cap rate
- 3.1%
- yearly net rent ÷ price
Costs: mortgage $2,135 · tax $128 · strata $448 · 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 General Currie Elementaryhomes in this catchment
200 m away · 8220 General Currie Rd, Richmond · 604-668-6440
- Secondary R C Palmer Secondaryhomes in this catchment
600 m away · 8160 St. Albans Rd, Richmond
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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