702 3200 Corvette Way

Richmond · MLS® R3179887

all units at 3200 Corvette Way →

111

643 sq ft · Condo · Single Family · built 2021 · listed today

listed by Paul Chu, Sutton Group - 1st West Realty

realtor's description

PRICED TO SELL! Location, Lifestyle & Amazing Value! Welcome to this bright and spacious concrete 1 bedroom plus den. This home offers 643 square ft of thoughtfully designed living space, with a spacious den that would be perfect to make a home office. Features include A/C, 8'7" ceilings, Miele integrated Fridge & stainless steel gas cooktop, high end cabinetry, quartz countertops and backsplash, a dedicated parking stall, a large storage locker and much more! Amenities include a clubhouse, study rooms, indoor swimming pool, sauna, hot tub, sauna, bike room, music & dance studios, playground and a rooftop garden. Minutes to Capstan Station, Canadian Tire, Costco, Yaohan Centre, Aberdeen Centre and a plethora of restaurants.

property details

type: Condo, Single Family
bedrooms: 1
bathrooms: 1
living area: 643 sq ft
parking: 1
year built: 2021
property tax: $2,268 / yr
strata fee: $378 / mo ($0.59 / sq ft)
strata rules: Pets Allowed With Restrictions, Rentals Allowed With Restrictions
days on market: 0
MLS®: R3179887

features

Central location
Elevator
Pets Allowed With Restrictions
Rentals Allowed With Restrictions
All

the market here

listed now: 73 days; median for 780 condos for sale; this one listed today

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

monthly cost

$2,987/mo

Mortgage $2,420 · Tax $189 · Strata $378

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

estimated payment

$2,420/ monthly

loan $439,840

25-year amortization

down payment20% · $109,96020%+ 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: $286,084
property transfer tax: $8,996; BC general rate
cash to close: $118,956; down + PTT
total paid: $725,924

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: $1,920/mo
after all costs: −$1,255/mo
cap rate: 2.5%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $2,420 · tax $189 · strata $378 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Richmond: CMHC's average there ($1,676) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% 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

the building's lot: 13,204 m² (142,127 sq ft) · PID 031-601-634. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

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.

good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

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.

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