Townhouse
$899,000
9% less per sq ft42 6388 ALDER STREET
Richmond2 days on market
2 bd3 ba1,380 sq ft
MLS® R31724381 / 31
$1,200,000
80 10199 RIVER DRIVE
Richmond · MLS® R3151090
4 bed · 4 bath · 1,780 sq ft · 2 parking
Townhouse · Single Family · built 2020 · 70 days on market
Listed by Derrick Chow, Interlink Realty
Realtor's description
Perfect home for growing family. This beautifully designed 1,780 sqft corner townhouse at Park Riviera Mews offers the space, comfort, and privacy that modern families truly need. With four generously sized bedrooms (3 ensuites) everyone can enjoy their own personal retreat. Stay comfortable all year round with built-in A/C, 9 ft ceilings and corner-unit exposure fill the home with natural light and an airy, open feel. Located in a peaceful waterfront community along a scenic popular biking trail, this home offers the perfect balance of nature and convenience. Short walk to Tait Waterfront Park and mins to Hwy 99, Costco, and Canada Line. access to clubhouse, indoor pool, hot tub, gym, and lounge. This is more than just a home-it's a place where your family can grow, relax, and thrive.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 4
- Bathrooms
- 4
- Living area
- 1,780 sq ft
- Parking
- 2
- Year built
- 2020
- Property tax
- $4,893 / yr
- Strata fee
- $714 / mo ($0.40 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 70
- MLS®
- R3151090
Features
- Private setting
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$6,350/mo
Mortgage $5,228 · Tax $408 · Strata $714
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
- $2,500/mo
- After all costs
- −$4,225/mo
- Cap rate
- 1.0%
- yearly net rent ÷ price
Costs: mortgage $5,228 · tax $408 · strata $714 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ 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 Robert J Tait Elementaryhomes in this catchment
300 m away · 10071 Finlayson Dr, Richmond · 604-668-6444
- Secondary Cambie Secondaryhomes in this catchment
2.7 km away · 4151 Jacombs Rd, Richmond · 604-668-6430
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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