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$419,000

401 8880 JONES ROAD

Richmond · MLS® R3162111

All units at 8880 Jones Rd →

1 bed · 1 bath · 741 sq ft · 2 parking

Condo · Single Family · built 1993 · 31 days on market

Listed by Camilla Jayne, Oakwyn Realty Ltd.

Realtor's description

Welcome to Redonda! This beautifully refreshed TOP FLOOR 1 bedroom home offers a bright, spacious layout with soaring 18' vaulted ceilings and North Shore Mountain views. The oversized bedroom features a walk-in closet and ensuite, while the large balcony is perfect for relaxing or entertaining. Bonus: 2 parking stalls plus an extra-large storage locker conveniently located on the same floor. Well-maintained building. Central Richmond location close to Richmond Centre, Lansdowne, transit, Canada Line, schools and parks. Select listing photos have been digitally enhanced for presentation purposes. No virtual staging has been used. OPEN HOUSE SUN 11th OCT 2-4PM

Property details

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 741 sq ft
Parking: 2
Year built: 1993
Property tax: $1,760 / yr
Strata fee: $377 / mo ($0.51 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 31
MLS®: R3162111

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

Features

Central location
Private setting
Elevator
Pets Allowed With Restrictions

Floor plans

Found among the listing photos.

Price check

Below typical for the area (-29%)

2026 assessment: $522,100 · asking is -20%
Price per sq ft: $565 vs $792 median for condos in Richmond for sale (824)

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 31 days · no price changes so far

The market here

Listed now: 66 days; median for 855 condos for sale; this one 31 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$522,100	$1,847

The listing shows $1,760 a year in property tax.

Estimate: the BC Assessment value times Richmond's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

Monthly cost

$2,349/mo

Mortgage $1,826 · Tax $147 · Strata $377

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

estimated payment

$1,826/ monthly

loan $335,200

25-year amortization

down payment20% · $83,80020%+ 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: $212,463
property transfer tax: $6,380; BC general rate
cash to close: $90,180; down + PTT
total paid: $547,663

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: −$842/mo
Cap rate: 2.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,826 · tax $147 · strata $377 · 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: 10,570 m² (113,774 sq ft) · PID 018-201-750. 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 General Currie Elementaryhomes in this catchment
500 m away · 8220 General Currie Rd, Richmond · 604-668-6440
Secondary R C Palmer Secondaryhomes in this catchment
400 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.

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.

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