Condo
$868,000
305 7008 RIVER PARKWAY
Richmondlisted today
MLS® R3174222
1 / 11
4 bed · 2 bath · 1,364 sq ft · 2 parking
Townhouse · Single Family · built 1999 · 1 day on market
Listed by Dennis Lai, Oakwyn Realty Ltd.
Realtor's description
Discover exceptional value at Parc McLean, where 4-bedroom townhomes start in the low $700,000s. Located in Hamilton, East Richmond, this community offers options for homeowners and investors alike. This spacious 1,364 sq. ft. corner home features 4 bedrooms, 2 bathrooms, modern finishes, a family-friendly layout, an attached double garage and generous outdoor space. Whether you´re looking for your next home or an investment property, additional floor plans may be available to suit your needs. Enjoy convenient access to Highway 91, Queensborough Landing, Costco, parks, schools, restaurants and transit, with easy connections to Vancouver, Burnaby, New Westminster and central Richmond. Call today to book your private showing before it's all gone!
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 1,364 sq ft
- Parking
- 2
- Year built
- 1999
- Property tax
- $2,351 / yr
- Strata fee
- $401 / mo ($0.29 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 1
- MLS®
- R3173701
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$3,844/mo
Mortgage $3,247 · Tax $196 · Strata $401
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
- −$1,719/mo
- Cap rate
- 2.5%
- yearly net rent ÷ price
Costs: mortgage $3,247 · tax $196 · strata $401 · insurance ~$175 · 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 Hamilton Elementaryhomes in this catchment
1000 m away · 5180 Smith Dr, Richmond · 604-668-6514
- Secondary Matthew McNair Secondaryhomes in this catchment
10.5 km away · 9500 No. 4 Rd, Richmond · 604-668-6575
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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