Condo
$699,900
503 23222 GILLEY ROAD
Richmond105 days on market
MLS® R3140400
1 / 19
2 bed · 2 bath · 890 sq ft · 1 parking
Condo · Single Family · built 2003 · 115 days on market
Listed by Mark Wiens, RE/MAX Crest Realty
Realtor's description
Beautiful bright and well maintained with BRAND NEW GLEAMING EUROPEAN LAMINATE FLOOR close to everything. Right across of Richmond Centre, and next to London Drugs. Steps to Lansdowne Mall, Price Smart, Minoru Park and Community Centre, Brighouse Skytrain Station, supermarkets, banks, recreation facilities and more. It is just a few minutes to the airport, Olympic Oval and the River Road dyke trails. This unit is a well maintained 2 bedroom + 2 bath, close to 900 sfqt. Features include functional layout , kitchen cabinets, composite stone counter-top. Resort-like amenities include large exercise room, club house with media room, guest suite, outdoor pool, sauna and hot tub. Comes with 1 parking stall and 1 locker storage. Don't wait!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 890 sq ft
- Parking
- 1
- Year built
- 2003
- Property tax
- $2,303 / yr
- Strata fee
- $495 / mo ($0.56 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 115
- MLS®
- R3136852
Features
- Central location
- Pets Allowed
- All
Monthly cost
$3,640/mo
Mortgage $2,954 · Tax $192 · Strata $495
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
- $2,046/mo
- After all costs
- −$1,793/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,954 · tax $192 · strata $495 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-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
1.0 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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