Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 27
1 bed · 1 bath · 596 sq ft · 1 parking
Condo · Single Family · built 2015 · 141 days on market
Listed by Samuel Tsang, RE/MAX Westcoast
Realtor's description
Welcome to BRAVO! This recently renovated west facing apartment is situated in central Richmond and contains 1 bedroom and bathroom plus a DEN. The property is equipped with top-of-line appliances from brands such as AEG, Fisher & Paykel, and Bloomberg. Grohe bathroom fixtures and faucets, granite countertops, air conditioning, BRAND NEW laminate flooring, NEW paint, and wooden cabinetry are fitted throughout the entire property. The building itself has been very well maintained and includes an exercise centre, party room, and playground. Richmond Centre, Lansdowne, Public Market, Price Smart Foods, and numerous restaurants and shops are all just minutes away. Easily take the Canada Line to anywhere in Metro Vancouver. Cook Elementary, Kwantlen, and Trinity University are also close by!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 596 sq ft
- Parking
- 1
- Year built
- 2015
- Property tax
- $1,935 / yr
- Strata fee
- $317 / mo ($0.53 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 141
- MLS®
- R3126089
Features
- Central location
- Private setting
- Elevator
- Wheelchair access
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Floor plans
Found among the listing photos.
Monthly cost
$2,783/mo
Mortgage $2,305 · Tax $161 · Strata $317
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
- −$1,276/mo
- Cap rate
- 2.3%
- yearly net rent ÷ price
Costs: mortgage $2,305 · tax $161 · strata $317 · 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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