Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 23
1 bed · 1 bath · 569 sq ft · 1 parking
Condo · Single Family · built 2025 · 149 days on market
Listed by Diana Chan, Macdonald Realty Westmar
Realtor's description
CG at CF Richmond Centre Tower B - NEW LANDMARK in Richmond. 1 bedrm unit with side by side laundry & storage. Floor heating in Master bedrm ensuite. 1 EV parking stall included. 9' ceiling for abundant natural light, European laminated floor throughout. Kitchen equipped w/full height European cabinetry, large kitchen island & Gaggenau appliances. Concierge service. 73,000sf of private sky gardens & Amenities incl. gym, lounges, media & party rms, guest suites, game rm, study & Mah-jong rm. Minutes away fm Richmond Centre Mall, $kytrain station, park, Olympic Oval and airport. Richmond secondary & Brighouse Elem. school catchment. Move in anytime. Some pictures were virtually staged. A pleasure to show.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 569 sq ft
- Parking
- 1
- Year built
- 2025
- Strata fee
- $441 / mo ($0.77 / sq ft)
- Strata rules
- Pets Allowed With Restrictions
- Days on market
- 149
- MLS®
- R3122738
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- All
Floor plans
Found among the listing photos.
Monthly cost
$2,963/mo
Mortgage $2,523 · Strata $441
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
If you rented it out
- Rent
- $1,676/mo
- After all costs
- −$1,456/mo
- Cap rate
- 2.2%
- yearly net rent ÷ price
Costs: mortgage $2,523 · strata $441 · 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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