Condo
$699,900
503 23222 GILLEY ROAD
Richmond105 days on market
MLS® R3140400
1 / 13
2 bed · 2 bath · 942 sq ft · 1 parking
Condo · Single Family · built 1997 · 66 days on market
Listed by Clinton Au, Interlink Realty
Realtor's description
Spacious 2-bedroom, 2-bathroom condo in the heart of Richmond. Featured with functional living space, floor-to-ceiling windows bringing in plenty of natural light. Enjoy an unbeatable central location just steps from the SkyTrain, TransLink bus services, Richmond Centre, Richmond Public Market, restaurants, shops, groceries and other everyday conveniences. Includes 1 parking stall and 1 storage locker.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 942 sq ft
- Parking
- 1
- Year built
- 1997
- Property tax
- $2,175 / yr
- Strata fee
- $406 / mo ($0.43 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 66
- MLS®
- R3152545
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Monthly cost
$3,113/mo
Mortgage $2,527 · Tax $181 · Strata $406
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
- −$1,266/mo
- Cap rate
- 2.6%
- yearly net rent ÷ price
Costs: mortgage $2,527 · tax $181 · strata $406 · 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 William Cook Elementaryhomes in this catchment
500 m away · 8600 Cook Rd, Richmond · 604-668-6454
- Secondary A.R. MacNeill Secondaryhomes in this catchment
1.3 km away · 6611 No. 4 Rd, Richmond · 604-668-6212
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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