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$779,900

420 23200 GILLEY ROAD

Richmond · MLS® R3089404

All units at 23200 Gilley Rd →

2 bed · 2 bath · 861 sq ft · 2 parking

Condo · Single Family · built 2025 · 239 days on market

Listed by Orson Chan, Saba Realty Ltd.

Realtor's description

Hamilton Village West, Well designed living space and Your new bright and spacious home offers 2 Bed, 2 Bath, 1 Den, 9' Ceilings, open layout, geothermal heating and AC included. Open-concept kitchen including gas stove, quartz counters, stainless steel appliances giving you the feeling of luxury living. Balcony offers panoramic city views, gas hookup for BBQs. Primary bedroom includes walk-in closet and private ensuite. Includes 2 parking stalls, with EV charging available, and 1 storage locker. Located in a brand new building with a fitness room. Just minutes to Queensborough Landing Outlet, commercial units on the ground floor, and quick access to HWY 91. New Costco Business Centre. Lease Agreement a year start at June 1 2026 $2,700 per month. Contact agent via Touchbase.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 861 sq ft
Parking: 2
Year built: 2025
Property tax: $1,854 / yr
Strata fee: $415 / mo ($0.48 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 239
MLS®: R3089404

Features

Pets Allowed With Restrictions
Refrigerator
Intercom
Dishwasher
Stove
Washer & Dryer

Floor plans

Found among the listing photos.

Price check

Above typical for the area (+15%)

2026 assessment: $524,000 · asking is +49%
Price per sq ft: $906 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 239 days · no price changes so far

The market here

Listed now: 66 days; median for 856 condos for sale; this one 239 days

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

Property tax by year

Year	Assessed	Est. tax
2026	$524,000	$1,854

The listing shows $1,854 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

$3,968/mo

Mortgage $3,398 · Tax $155 · Strata $415

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

estimated payment

$3,398/ monthly

loan $623,920

25-year amortization

down payment20% · $155,98020%+ 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: $395,465
property transfer tax: $13,598; BC general rate
cash to close: $169,578; down + PTT
total paid: $1,019,385

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: $2,046/mo
After all costs: −$2,120/mo
Cap rate: 2.0%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,398 · tax $155 · strata $415 · 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

The building's lot: 14,573 m² (156,862 sq ft) · PID 032-512-104. 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 Hamilton Elementaryhomes in this catchment
200 m away · 5180 Smith Dr, Richmond · 604-668-6514
Secondary Matthew McNair Secondaryhomes in this catchment
11.3 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.

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: 2016 (78 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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