701 3200 Corvette Way

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$849,000

701 3200 Corvette Way

Richmond · MLS® R3109919

all units at 3200 Corvette Way →

221

846 sq ft · Condo · Single Family · built 2021 · 203 days on market

listed by Mia Li, Vanhaus Gruppe Realty Inc.

realtor's description

2 bed 2 bath like new condo with a/c in prime city centre location. Best layout, with 2 bedrooms separate from each other for max privacy. Lots of natural lights. Gorgeous river view. ViewStar, the largest water front live/work community in Richmond. Set in a stunning location that provides effortless access to the best of the West Coast, this is a community where the airport is close by, Capstan SkyTrain station is across the road, and all that Vancouver has to offer is 5 minutes away. Easy to show anytime.

property details

type: Condo, Single Family
bedrooms: 2
bathrooms: 2
living area: 846 sq ft
parking: 1
year built: 2021
property tax: $3,002 / yr
strata fee: $506 / mo ($0.60 / sq ft)
strata rules: Pets Allowed, Pets Allowed With Restrictions, Rentals Allowed With Restrictions
days on market: 203
MLS®: R3109919

features

Private setting
Elevator
Pets Allowed
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
Hot Tub

monthly cost

$4,493/mo

Mortgage $3,737 · Tax $250 · Strata $506

20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,737/ monthly

loan $679,200

25-year amortization

down payment20% · $169,80020%+ down: no mortgage insuranceinterest rate4.44%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 30, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $441,770
property transfer tax: $14,980; BC general rate
cash to close: $184,780; down + PTT
total paid: $1,120,970

first-time buyernewly builtforeign national

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

if you rented it out

rent: $2,310/mo
after all costs: −$2,403/mo
cap rate: 1.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,737 · tax $250 · strata $506 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Richmond: CMHC's average there ($2,046) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) 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 ↗

Rapid transit: Capstan SkyTrain station, 100 m (about 2 min walk); Aberdeen SkyTrain station, 700 m (about 11 min walk).

schools

Catchment schools, Richmond School District 38

Elementary R. C. Talmey Elementaryhomes in this catchment
1.1 km away · 9500 Kilby Dr, Richmond · 604-668-6275
Secondary A.R. MacNeill Secondaryhomes in this catchment
3.1 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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