Condo
$619,900
8% less per sq ft416 23222 GILLEY ROAD
Richmond113 days on market
MLS® R3137277
1 / 20
2 bed · 2 bath · 929 sq ft · 1 parking
Condo · Single Family · built 1994 · 116 days on market
Listed by Dennis Wang, Nu Stream Realty Inc.
Realtor's description
929 sf large two bed room and two bath concrete highrise with low management fee . Located at the core area of Richmond center (No.3 Rd/Westminster Hwy) ,bringing VERY HIGH RENT , Downstairs are banks (CIBC , TD ,BMO, etc), sky train Brighouse station, countless restaurants, . Hundred meters away is public market, price smart and T&T. Tim Hortons and Starbucks are also within reach. Not facing No.3 Rd , very quiet . One parking one locker . Best choice for first home buyer , investment and self living. Call for a private showing right way. One parking #68. One locker #27. Elementary school : cook elementary school Secondary school: Very good public secondary school in Richmond , the only one with IB class
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 929 sq ft
- Parking
- 1
- Year built
- 1994
- Property tax
- $1,951 / yr
- Strata fee
- $292 / mo ($0.31 / sq ft)
- Days on market
- 116
- MLS®
- R3136282
Features
- Elevator
- All
Monthly cost
$3,500/mo
Mortgage $3,045 · Tax $163 · Strata $292
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
- −$1,653/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $3,045 · tax $163 · strata $292 · 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
900 m away · 8600 Cook Rd, Richmond · 604-668-6454
- Secondary Richmond Secondaryhomes in this catchment
1.1 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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