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$719,000

916 7988 ACKROYD ROAD

Richmond · MLS® R3145239

2 bed · 2 bath · 859 sq ft · 1 parking

Condo · Single Family · built 2013 · 88 days on market

Listed by Chris Piao, Parallel 49 Realty

QUINTET TOWER A! Fantastic 859 SQFT urban sanctuary in Richmond's most connected central location. This highly desirable West-facing unit sits at the perfect courtyard leve l (4th floor)-offering an ideal height that overlooks a quiet, beautifully landscaped rooftop garden oasis and playground rather than busy street traffic. Inside features a highly functional, bright open-concept layout. Enj oy world-class resort amenities including a premium indoor pool, fully equipped fitness gym, and pristine common spaces. ULTIMATE CONVENIENCE: Leave the car at home! Effortless walking distance to Richmond Centre, Lansdowne Mall, multiple Skytrain stations, A pristine property perfect f o r urban professionals, down-sizers, or savvy investors!

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 859 sq ft
Parking: 1
Year built: 2013
Property tax: $2,600 / yr
Strata fee: $525 / mo ($0.61 / sq ft)
Strata rules: Pets Allowed With Restrictions
Days on market: 88
MLS®: R3145239

Typical for the area (+5.7%)

Price per sq ft: $837 vs $792 median for condos in Richmond for sale (829)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Elevator
Pets Allowed With Restrictions
All
Dishwasher

On market 88 days

Listed now: 70 days; median for 830 condos for sale; this one 88 days

Condos in Richmond. Sale prices register 1 to 3 months after a sale closes.

FloodplainNo
Not within a designated floodplain on the provincial floodplain maps. These maps are historical and don't cover every river or the coast.
Source: Province of BC, Mapped Floodplains in BC
Agricultural Land ReserveNo
Not inside the Agricultural Land Reserve on the provincial map.
Source: Agricultural Land Commission, ALR boundary
HeritageNo
Not on the BC Register of Historic Places or in a heritage conservation area.
Source: BC Heritage Branch, historic places and conservation areas

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

$3,874/mo

Mortgage $3,133 · Tax $217 · Strata $525

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$3,133/ monthly

loan $575,200

25-year amortization

down payment20% · $143,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $364,584
property transfer tax: $12,380; BC general rate
cash to close: $156,180; down + PTT
total paid: $939,784

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Rent: $2,046/mo
After all costs: −$2,027/mo
Cap rate: 1.8%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $3,133 · tax $217 · strata $525 · 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

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