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$529,000

611 5788 GILBERT ROAD

Richmond · MLS® R3160485

1 bed · 1 bath · 549 sq ft · 1 parking

Condo · Single Family · built 2022 · 36 days on market

Listed by Jane Jiang, RE/MAX Westcoast

Welcome to Cascade City, the modern architectural form development by Landa Global Properties. With community amenities such as the Oval Community Centre, Minoru Park, Richmond Library, and walking and biking trails, the setting has everything you could ask for. This rarely SOUTH-facing 1 bed unit offers large windows, a spacious balcony overlooking the private rooftop garden, A/C, Miele appliances, engineered flooring & modern finishes. Amenities including 3,000 sf double-height fitness center, guest suite, club lounge; Mahjong Room; Theater room; Musical room; meeting room and much more! Attractive price, perfect for investors and first home buyer! easy to show! Locker is a big bonus! open house Sep 17, 1:00 to 2:30PM

Type: Condo, Single Family
Bedrooms: 1
Bathrooms: 1
Living area: 549 sq ft
Parking: 1
Year built: 2022
Property tax: $1,996 / yr
Strata fee: $391 / mo ($0.71 / sq ft)
Strata rules: Pets Allowed
Days on market: 36
MLS®: R3160485

Above typical for the area (+22%)

2026 assessment: $578,000 · asking is -8.5%
Price per sq ft: $964 vs $792 median for condos in Richmond for sale (829)

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.

Central location
Elevator
Pets Allowed
All

On market 36 days

Listed now: 70 days; median for 830 condos for sale; this one 36 days

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

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

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 Maps can be out of date or miss a lot line; confirm with the municipality.

$2,862/mo

Mortgage $2,305 · Tax $166 · Strata $391

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

estimated payment

$2,305/ monthly

loan $423,200

25-year amortization

down payment20% · $105,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $268,241
property transfer tax: $8,580; BC general rate
cash to close: $114,380; down + PTT
total paid: $691,441

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.

Rent: $1,676/mo
After all costs: −$1,355/mo
Cap rate: 2.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,305 · tax $166 · strata $391 · 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

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