Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond44 days on market
3 bd2 ba1,182 sq ft
MLS® R31583801 / 31
$515,000
809 5580 NO 3 ROAD
Richmond · MLS® R3161150
1 bed · 1 bath · 568 sq ft · 1 parking
Condo · Single Family · built 2018 · 35 days on market
Listed by Terry Tea, Oakwyn Realty Ltd.
Realtor's description
Welcome to ORCHID by Beedie Developments located in Central Richmond, steps to Lansdowne Mall, the skytrain station, restaurants & tons of other amenities at your doorstep. This west-facing home features an functional open floorplan equipped with S/S Bosch appliances, stone counter-tops, 9ft ceilings, AIR CONDITIONING and laminate flooring throughout. The floor to ceiling windows look out on panoramic views of the mountains and city. Over 10,000 square feet of indoor and outdoor amenities which includes a dance studio, yoga room, gym, lounge, roof top garden and play ground. Don't miss your opportunity to own in one of Richmond's best neighbourhoods. 1 parking and 1 storage locker included.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 568 sq ft
- Parking
- 1
- Year built
- 2018
- Property tax
- $1,888 / yr
- Strata fee
- $434 / mo ($0.76 / sq ft)
- Strata rules
- Adult Oriented, Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 35
- MLS®
- R3161150
Features
- Central location
- Elevator
- Wheelchair access
- Adult Oriented
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Monthly cost
$2,835/mo
Mortgage $2,244 · Tax $157 · Strata $434
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
- −$1,329/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,244 · tax $157 · strata $434 · 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 City Centre Elementaryhomes in this catchment
- Secondary A.R. MacNeill Secondaryhomes in this catchment
1.7 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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