Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 26
2 bed · 2 bath · 855 sq ft · 1 parking
Condo · Single Family · built 2022 · 122 days on market
Listed by Elva Song, RE/MAX Crest Realty
Realtor's description
CASCADE CITY south Tower concrete building , incredibly functional floor plan with generously sized & separated bedrooms . Bright, open layout with plenty of windows for natural light; A/C, Miele appliance package, engineered hardwood floors throughout. Surrounded by T&T Supermarket, restaurants, Rona, Richmond Medical Center, Richmond shopping center, community, park and skytrain all within walking distance. Exclusive 3,000sf double-height Fitness Centre, Guest Suite, multi-functional Club Lounge, lushly landscaped 25,000sf podium-level outdoor space and much more! 1 Parking and 1 Storage included!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 855 sq ft
- Parking
- 1
- Year built
- 2022
- Property tax
- $2,842 / yr
- Strata fee
- $606 / mo ($0.71 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 122
- MLS®
- R3133312
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
$4,324/mo
Mortgage $3,481 · Tax $237 · Strata $606
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
- −$2,476/mo
- Cap rate
- 1.5%
- yearly net rent ÷ price
Costs: mortgage $3,481 · tax $237 · strata $606 · 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 Samuel Brighouse Elementaryhomes in this catchment
600 m away · 6800 Azure Rd, Richmond · 604-668-6522
- Secondary Richmond Secondaryhomes in this catchment
1.2 km away · 7171 Minoru Blvd, Richmond · 604-668-6400
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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