Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 18
1 bed · 1 bath · 553 sq ft · 1 parking
Condo · Single Family · built 2026 · 78 days on market
Listed by Emma Ge, Nu Stream Realty Inc.
Realtor's description
One bed room unit in RC at CF Richmond Centre, the most convenient place in Richmond: Directly access to shopping center, Sky train station; and steps away to lots of restaurants, Minoru Aquatic Centre, Minoru ParkRichmond General Hospital. This unit offers a luxury kitchen with high standard appliances,spacious open-concept living. 1 EV parking, and access to 73,000 SF of private amenities, including tranquil Sky Gardens, entertainment suites, children´s play area, fitness Center, guest suites, and co-working areas.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 553 sq ft
- Parking
- 1
- Year built
- 2026
- Property tax
- $2,127 / yr
- Strata fee
- $424 / mo ($0.77 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 78
- MLS®
- R3149255
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Refrigerator
- Oven - Built-In
Monthly cost
$3,128/mo
Mortgage $2,527 · Tax $177 · Strata $424
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
- $1,676/mo
- After all costs
- −$1,621/mo
- Cap rate
- 1.9%
- yearly net rent ÷ price
Costs: mortgage $2,527 · tax $177 · strata $424 · 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
RichmondGoogle Maps ↗
Schools
Catchment schools, Richmond School District 38
- Elementary William Cook Elementaryhomes in this catchment
900 m away · 8600 Cook Rd, Richmond · 604-668-6454
- Secondary Richmond Secondaryhomes in this catchment
600 m 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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