Open houseCondo
$634,999
32% less per sq ft207 8740 NO. 1 ROAD
Richmond45 days on market
MLS® R3158380
1 / 9
1 bed · 1 bath · 584 sq ft · 1 parking
Condo · Single Family · built 2020 · 36 days on market
Listed by Ricky Lu, Royal Pacific Realty Corp.
Realtor's description
CONCORD GARDENS PARK ESTATES II, quiet unit with amazing garden views. Nice practical layout, 1 bedrooms plus guest room which can be 2nd bedroom, floor to ceiling bright windows, laminate & tiles flooring throughout, gourmet kitchen, Bosch appliances, modem bathrooms, top quality Groche and Kohler faucets. The diamond club with indoor swimming pool, hot tub, sauna & steam room, basketball court, bowling alley, golf simulator, gym, movie theatre. Central location, close to sky-train station, restaurants, and shops. one parking.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 584 sq ft
- Parking
- 1
- Year built
- 2020
- Property tax
- $1,926 / yr
- Strata fee
- $404 / mo ($0.69 / sq ft)
- Strata rules
- Pets Allowed With Restrictions, Rentals Allowed With Restrictions
- Days on market
- 36
- MLS®
- R3161104
Features
- Pets Allowed With Restrictions
- Rentals Allowed With Restrictions
Monthly cost
$2,869/mo
Mortgage $2,305 · Tax $160 · Strata $404
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
- −$1,362/mo
- Cap rate
- 2.1%
- yearly net rent ÷ price
Costs: mortgage $2,305 · tax $160 · strata $404 · 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 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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