407 - 8120 Colonial Drive, Richmond, V7C 4V2
2 Bed, 1 Bath Condo FOR SALE in Boyd Park MLS: R3004514
Details
Description
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*
Strata ByLaws
Mortgage
| Downpayment | |
| Rental Income | |
| Monthly Mortgage Payment | |
| Effective Monthly Mortgage Payment | |
| Qualification Monthly Payment | |
| Interest Rate | |
| Qualification Interest Rate | |
| Income Required | |
| Qualification Annual Income Required | |
| CMHC Fees | |
| Amortization Period |
Mortgages can be confusing. Got Questions? Call us 604-330-3784
Amenities
Site Influences
Property Information
| MLS® # | R3004514 |
| Property Type | Apartment |
| Dwelling Type | Apartment Unit |
| Home Style | Multi Family,Residential Attached |
| Kitchens | Login to View |
| Year Built | 1977 |
| Parking | Open |
| Tax | $1,342 in 2024 |
| Strata No | NWS917 |
| Postal Code | V7C 4V2 |
| Complex Name | Cherry Tree Place |
| Strata Fees | $388 |
| Address | 407 - 8120 Colonial Drive |
| Subarea | Boyd Park |
| City | Richmond |
| Listed By | Stilhavn Real Estate Services |
Floor Area (sq. ft.)
| Main Floor | 687 |
| Above | 687 |
| Total | 687 |
Location
| Date | Address | Bed | Bath | Kitchen | Asking Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 05/20/2025 | This Property | 2 | 1 | 1 | $449,000 | Login to View | 13 | 1 | 1977 | 687 sqft | N/A |
| 02/27/2025 | 311 8120 Colonial Drive |
2 | 1 | 1 | $449,900 | Login to View | 95 | 1 | 1977 | 683 sqft | N/A |
| Date | Address | Bed | Bath | Kitchen | Asking Price | Sold Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 05/03/2025 | 316 8860 No. 1 Road |
2 | 1 | 1 | Login to View | Login to View (-4.5%) | Login to View | 26 | 1 | 1973 | 960 sqft | N/A |
| 04/05/2025 | 201 8880 No. 1 Road |
2 | 2 | 1 | Login to View | Login to View (-4.4%) | Login to View | 10 | 1 | 1973 | 949 sqft | N/A |
| 04/02/2025 | 212 8120 Colonial Drive |
1 | 1 | 1 | Login to View | Login to View (-3.9%) | Login to View | 23 | 1 | 1977 | 528 sqft | N/A |
| 03/02/2025 | 406 8120 Colonial Drive |
1 | 1 | 1 | Login to View | Login to View (-7.5%) | Login to View | 16 | 1 | 1977 | 537 sqft | N/A |
| 02/27/2025 | 112 8720 No. 1 Road |
2 | 2 | 1 | Login to View | Login to View (-1.8%) | Login to View | 3 | 1 | 1975 | 996 sqft | N/A |
| 02/26/2025 | 314 8880 No. 1 Road |
2 | 2 | 1 | Login to View | Login to View (-1.3%) | Login to View | 13 | 1 | 1973 | 955 sqft | N/A |
| 02/07/2025 | 105 8760 No. 1 Road |
2 | 2 | 1 | Login to View | Login to View (-1.7%) | Login to View | 95 | 1 | 1976 | 1,028 sqft | N/A |
| 02/05/2025 | 105 4111 Francis Road |
2 | 2 | 1 | Login to View | Login to View (-0.7%) | Login to View | 69 | 1 | 1973 | 963 sqft | N/A |
| 01/25/2025 | 230 8860 No. 1 Road |
2 | 1 | 1 | Login to View | Login to View (-2.0%) | Login to View | 46 | 1 | 1973 | 928 sqft | N/A |
| 12/09/2024 | 106 9320 Parksville Drive |
2 | 1 | 1 | Login to View | Login to View (-1.8%) | Login to View | 83 | 0 | 1980 | 857 sqft | N/A |
| Date | Address | Bed | Bath | Kitchen | Asking Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 days ago | 16 4411 Williams Road |
3 | 3 | 1 | $1,328,000 | Login to View | 5 | 2 | 1986 | 1,845 sqft | N/A |
| 5 days ago | 205 8160 Colonial Drive |
3 | 1 | 1 | $559,000 | Login to View | 6 | 2 | 1979 | 943 sqft | N/A |
| 5 days ago | 214 8860 No. 1 Road |
2 | 2 | 1 | $635,000 | Login to View | 6 | 1 | 1973 | 959 sqft | N/A |
| 5 days ago | 4684 Lancelot Court |
3 | 3 | 1 | $1,650,000 | Login to View | 6 | 3 | 1976 | 2,130 sqft | 7,189 sqft |
| 6 days ago | 4920 Mahood Drive |
4 | 3 | 1 | $1,699,900 | Login to View | 7 | 2 | 1980 | 2,206 sqft | 3,877 sqft |
| 6 days ago | 203 8040 Colonial Drive |
3 | 1 | 1 | $589,000 | Login to View | 9 | 3 | 1977 | 1,050 sqft | N/A |
| 1 week ago | 407 8120 Colonial Drive |
2 | 1 | 1 | $449,000 | Login to View | 13 | 1 | 1977 | 687 sqft | N/A |
| 1 week ago | 1303 4900 Francis Road |
3 | 2 | 1 | $948,888 | Login to View | 13 | 2 | 1977 | 1,415 sqft | N/A |
| 1 week ago | 209 8160 Colonial Drive |
3 | 1 | 1 | $598,000 | Login to View | 14 | 2 | 1977 | 908 sqft | N/A |
| 2 weeks ago | 116 8880 No. 1 Road |
2 | 2 | 1 | $548,000 | Login to View | 17 | 1 | 1973 | 942 sqft | N/A |
Frequently Asked Questions About 407 - 8120 Colonial Drive
What year was this home built in?
How long has this property been listed for?
Is there a basement in this home?
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. - The advertising on this website is provided on behalf of the BC Condos & Homes Team - Re/Max Crest Realty, 300 - 1195 W Broadway, Vancouver, BC
