Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 37
2 bed · 2 bath · 846 sq ft · 1 parking
Condo · Single Family · built 2020 · 276 days on market
Listed by Will Zhao, RE/MAX Crest Realty
Realtor's description
A Masterpiece built by Concord Pacific. Welcome to Concord Garden Park Estate II! This highly sought-after 2-bed+den home boasts an open kitchen equipped with high-quality built-in appliances and elegant granite countertops, central air conditioning, and in-suite laundry. The Diamond Club amenities include concierge service, indoor swimming pool, sauna/steam room, hot tub, basketball court, bowling alley, golf simulator, gym, movie theatre, library, and much more. This high-class urban lifestyle complex is only steps from shopping centre, restaurants, supermarkets & the Capstan Way skytrain station. With convenient access to Highway 99 and the YVR airport. Must See!
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 846 sq ft
- Parking
- 1
- Year built
- 2020
- Property tax
- $2,766 / yr
- Strata fee
- $578 / mo ($0.68 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 276
- MLS®
- R3075938
Features
- Central location
- Elevator
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
- All
Monthly cost
$4,508/mo
Mortgage $3,699 · Tax $230 · Strata $578
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
- −$2,661/mo
- Cap rate
- 1.5%
- yearly net rent ÷ price
Costs: mortgage $3,699 · tax $230 · strata $578 · 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 R. C. Talmey Elementaryhomes in this catchment
600 m away · 9500 Kilby Dr, Richmond · 604-668-6275
- Secondary A.R. MacNeill Secondaryhomes in this catchment
2.8 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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