407 8120 Colonial Drive
Richmond
V7C 4V2
$449,000
Residential
beds: 2
baths: 1.0
687 sq. ft.
built: 1977
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- R3004514
- Bedrooms:
- 2
- Bathrooms:
- 1
- Year Built:
- 1977
- Photos (28)
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Investor Alert! Seize this exceptional investment opportunity with a Cap Rate of 4.2% in Richmond's desirable Boyd Park neighbourhood. This 2 bedroom + den, 1 bathroom condo offers 687 sq ft of well-designed living space, making it an ideal addition to any rental portfolio. Fantastic tenants and great monthly rent ($2275) on a long term lease (fixed until May 2027) equals piece of mind. Outdoor pool and well-maintained grounds provides added value. Strong rental demand in the area means low vacancy rates and long-term appreciation. Near the West Dyke Trail, IB Hugh Boyd Secondary and Safeway. One parking included. *some photos virtually staged* OPEN HOUSE SAT May 24th from 2-4pm.
- Property Type:
- Residential
- Dwelling Type:
- Apartment/Condo
- Home Style:
- One Level
- Ownership:
- Freehold Strata
- Common Interest:
- Condominium
- Manufactured Type:
- Signup
- Year built:
- 1977 (Age: 48)
- Living Area:
- 687 sq. ft.
- Floor Area - Unfinished:
- Signup
- Floor Area - Detached 2nd Residence:
- Signup
- Building Area - Total:
- 687 sq. ft.
- Levels:
- One
- Rainscreen:
- Signup
- Bedrooms:
- 2 (Above Grd: 2)
- Bathrooms:
- 1.0 (Full:1/Half:0)
- Kitchens:
- Signup
- Rooms:
- Signup
- Taxes:
- $1,342.17 / 2024
- Exposure / Faces:
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- Rear Yard Exposure:
- Signup
- Outdoor Area:
- Balcony
- Pad Rental:
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- # or % of Rentals Allowed:
- Signup
- Water Supply:
- Signup
- Plan:
- NW917
- Name of Complex/Subdivision:
- Cherry Tree Place
- Construction Materials:
- Frame Wood, Mixed (Exterior)
- Foundation:
- Signup
- Basement:
- Signup
- Full Height:
- Signup
- Crawl Height:
- Signup
- Roof:
- Signup
- No. Floor Levels:
- 1.0
- Floor Finish:
- Signup
- Floor Area Fin - Above Grade:
- Signup
- Floor Area Fin - Above Main:
- 0 sq. ft.
- Floor Area Fin - Above Main 2:
- 0 sq. ft.
- Floor Area Fin - Main:
- 687 sq. ft.
- Floor Area Fin - Below Main:
- Signup
- Floor Area Fin - Below Grade:
- Signup
- Floor Area Fin - Basement:
- Signup
- Floor Area Fin - Total:
- 687 sq. ft.
- Heating:
- Signup
- Parking Features:
- Open
- Parking:
- Open
- # Of Parking Spaces - Total:
- Signup
- # Of Covered Spaces:
- Signup
- Parking Total/Covered:
- 1 / -
- Pool Features:
- Outdoor Pool
- Flood Plain:
- Signup
- Suite:
- Signup
- Balcony
- Outdoor Pool, Laundry In Unit, Recreation Facilities
- Caretaker, Trash, Maintenance Grounds, Management, Recreation Facilities
- 1
- Outdoor Pool, Laundry In Unit
- In Unit
- Floor
- Type
- Size
- Other
- Council Approval:
- Signup
- Income Per Annum:
- Signup
- Oper. Expenses:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- $388.42
- Age Restrictions:
- No
- By-Law Restrictions:
- Pets Not Allowed
- Dist to Public Trans:
- Signup
- Dist to School Bus:
- Signup
- Property Disclosure:
- Signup
- Fixtures Leased:
- Signup
- Fixtures Removed:
- Signup
- Pets Allowed:
- No
- Home Owners Association:
- Yes
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Virtual Tour
Listed by Stilhavn Real Estate Services
Data was last updated June 1, 2025 at 01:40 PM (UTC)
Area Statistics
- Listings on market:
- 37
- Avg list price:
- $1,650,000
- Min list price:
- $449,000
- Max list price:
- $4,380,000
- Avg days on market:
- 45
- Min days on market:
- 4
- Max days on market:
- 243
- Avg price per sq.ft.:
- $670.59
These statistics are generated based on the current listing's property type
and located in
Boyd Park. Average values are
derived using median calculations.
- KARIN SHOKER
- MACDONALD REALTY WESTMAR
- 1 (604) 8280322
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Karin Shoker
Macdonald Realty Westmar
Office Address:
#203 - 5188 Westminster Hwy
Richmond, BC, V7C 5S7