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 · 584 sq ft · 1 parking
Condo · Single Family · built 2015 · 135 days on market
Listed by Kenneth Chan, RE/MAX Select Properties
Realtor's description
BRAVO in Richmond. Enjoy this magnificent and conveniently located in the desirable Brighouse neighbourhood. Well maintained & well designed open floor plan offers approx. 584 sq.ft. of living area with air-conditioning. Features a spacious bedroom and a full bath. Spacious living/dining area, and in-suite laundry. Also comes with 1 parking stall. Amenities include Exercise Centre, Garden and Recreation Centre. Close to Richmond Public Market, Lansdowne Shopping Centre, Richmond Shopping Center, shops, cafes and restaurants. Steps to public transit and skytrain station. Great to move-in or for investment. DO NOT want to miss this opportunity...PRICED TO SELL. MUST SEE. Public Open House July 26 (Sun) 2:00pm - 4:00pm.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 584 sq ft
- Parking
- 1
- Year built
- 2015
- Property tax
- $1,884 / yr
- Strata fee
- $311 / mo ($0.53 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 135
- MLS®
- R3128048
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
$2,716/mo
Mortgage $2,248 · Tax $157 · Strata $311
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
- −$1,209/mo
- Cap rate
- 2.4%
- yearly net rent ÷ price
Costs: mortgage $2,248 · tax $157 · strata $311 · 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
500 m away · 8600 Cook Rd, Richmond · 604-668-6454
- Secondary A.R. MacNeill Secondaryhomes in this catchment
1.2 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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