Condo
$619,900
8% less per sq ft416 23222 GILLEY ROAD
Richmond113 days on market
MLS® R3137277
1 / 35
2 bed · 2 bath · 985 sq ft · 2 parking
Condo · Single Family · built 2026 · listed today
Listed by Sean Lawson, RE/MAX Westcoast
Realtor's description
Enjoy $20,000 in incentives on this brand-new 4th floor CORNER 2 Bed + Den home at Hamilton Village. This bright 1,020 SF home offers geo heating & cooling, doube windows giving plenty of natural light, 2 parking stalls, a storage locker, and North Shore Mountain views from your living room and northeast-facing balcony. Enjoy access to an amenity room, fully equipped gym, and two children´s play areas. Move-in ready with everyday conveniences at your doorstep, including grocery, daycare, café, dining, personal/medical services, pharmacy, Hamilton Elementary and Community Centre - plus minutes to Walmart, Costco, Shoppers and more. All homes are PTT exempt, and GST exempt for eligible First-Time Home Buyers. Showhome open Saturdays & Sundays from 2-4 PM, (closed Oct. 11th).
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 985 sq ft
- Parking
- 2
- Year built
- 2026
- Strata fee
- $508 / mo ($0.52 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 0
- MLS®
- R3174317
Features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
$3,558/mo
Mortgage $3,049 · Strata $508
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $2,046/mo
- After all costs
- −$1,710/mo
- Cap rate
- 2.3%
- yearly net rent ÷ price
Costs: mortgage $3,049 · strata $508 · 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 Hamilton Elementaryhomes in this catchment
100 m away · 5180 Smith Dr, Richmond · 604-668-6514
- Secondary Matthew McNair Secondaryhomes in this catchment
11.4 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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