Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond44 days on market
3 bd2 ba1,182 sq ft
MLS® R31583801 / 10
$498,000
611 8988 PATTERSON ROAD
Richmond · MLS® R3167236
1 bed · 1 bath · 540 sq ft
Condo · Single Family · built 2017 · 19 days on market
Listed by Daniel Yeung, Oakwyn Realty Ltd.
Realtor's description
Welcome to Concord Gardens Park Estates! This well-kept, tenanted 1-bedroom home offers 540 sq. ft. of efficient contemporary living plus balcony. The open-concept layout features floor-to-ceiling windows, a modern kitchen with sleek cabinetry and stainless steel appliances, in-suite laundry, and a separate flex space ideal for working from home. Enjoy a north-facing outlook with greenery and mountain views. Residents enjoy access to the Diamond Club with indoor pool, hot tub, sauna, steam room, fitness centre, bowling alley, golf simulator, theatre, study lounge, banquet facilities and concierge. An appealing Richmond home with an exceptional amenity package. Enjoy a well-connected Richmond location with Costco, restaurants and everyday conveniences nearby, Capstan Canada Line Station just a short walk away, and easy access to YVR Airport.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 540 sq ft
- Parking
- 0
- Year built
- 2017
- Property tax
- $1,858 / yr
- Strata fee
- $429 / mo ($0.79 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 19
- MLS®
- R3167236
Features
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Monthly cost
$2,753/mo
Mortgage $2,170 · Tax $155 · Strata $429
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
- −$1,246/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,170 · tax $155 · strata $429 · 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 R. C. Talmey Elementaryhomes in this catchment
600 m away · 9500 Kilby Dr, Richmond · 604-668-6275
- Secondary A.R. MacNeill Secondaryhomes in this catchment
2.9 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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