Condo
$699,900
503 23222 GILLEY ROAD
Richmond105 days on market
MLS® R3140400
1 / 21
1 bed · 1 bath · 605 sq ft · 1 parking
Condo · Single Family · built 2017 · 74 days on market
Listed by Stella Chang, Royal LePage Sussex
Realtor's description
Well layout one bedroom and den unit in the Cadence Complex by Cressey Developments. The signature kitchen comes with upscale stainless steel appliances, integrated double refrigerator and gas cook top for your cooking pleasure. Air conditioning, spacious rooms and good sized balcony add to your living comfort. Well maintained buildings with concierge, comes with one parking and one large exterior storage locker. Residents can also enjoy the use of the multi purpose sports court, steam sauna, function room, garden courtyard plus the arranged access to the Fitness World gym in the building. Great location , open view to the city, with close proximity to restaurants, shopping area, bank and transits. Must see.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 605 sq ft
- Parking
- 1
- Year built
- 2017
- Property tax
- $1,958 / yr
- Strata fee
- $443 / mo ($0.73 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 74
- MLS®
- R3150336
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
- Oven - Built-In
Monthly cost
$2,998/mo
Mortgage $2,392 · Tax $163 · Strata $443
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
- −$1,491/mo
- Cap rate
- 2.0%
- yearly net rent ÷ price
Costs: mortgage $2,392 · tax $163 · strata $443 · 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 Samuel Brighouse Elementaryhomes in this catchment
800 m away · 6800 Azure Rd, Richmond · 604-668-6522
- Secondary Richmond Secondaryhomes in this catchment
1.4 km 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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