Condo
$868,000
305 7008 RIVER PARKWAY
Richmondlisted today
MLS® R3174222
1 / 20
3 bed · 3 bath · 1,811 sq ft · 2 parking
Townhouse · Single Family · built 1997 · 58 days on market
Listed by Andrew Chan, Realtyline
Realtor's description
Mayflower in sought-after Terra Nova. This bright 3/4 bed, 2.5 bath townhome offers 8'11 high ceilings on the main floor, open concept floor plan with 2 large balconies, side-by-side double garage, and North facing fenced front yard. Lower level media room with window and closet and can function as home office, gym, guest room, or 4th bedroom. Clubhouse has lounge/party room, gym, outdoor pool and hot tub. Dyke trail, parks, Terra Nova Village shopping mall and transit close by. 10 minutes walk to Spul'u'Kwuks Elementary School. One owner in the last 25 years and always owner occupied.
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,811 sq ft
- Parking
- 2
- Year built
- 1997
- Property tax
- $4,193 / yr
- Strata fee
- $428 / mo ($0.24 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 58
- MLS®
- R3155282
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Floor plans
Found among the listing photos.
Monthly cost
$5,954/mo
Mortgage $5,176 · Tax $349 · Strata $428
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
- −$3,829/mo
- Cap rate
- 1.4%
- yearly net rent ÷ price
Costs: mortgage $5,176 · tax $349 · strata $428 · 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 Spul'u'kwuks Elementaryhomes in this catchment
200 m away · 5999 Blanshard Dr, Richmond · 604-303-5100
- Secondary J.N. Burnett Secondaryhomes in this catchment
1.2 km away · 5011 Granville Ave, Richmond · 604-668-6478
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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