407 8120 COLONIAL DRIVE, Richmond BC V7C 4V2

Richmond, Boyd Park

2 bed

1 bath

687 sqft

Apartment/Condo

Built in 1977

1 parking

Pets allowed

Freehold Strata

ZLR48 zone

Public remarks

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.

Private remarks

Floorplans measure by iShot. Currently rented for $2275 fixed term until May 2027 (annual increase allowed), great tenants - fantastic rental income. Feel free to SEND YOUR CLIENTS! FULL COOP. DRPO, To receive and present all offers without buyers' representation present. *some photos virtually staged* Call us to view! By appointment.

Buyer agency compensation

3.22% on first $100,000; 1.16% on remaning balance

Boyd Park Neighbourhood

407 8120 Colonial Drive Virtual Tour

$449,000 ($653/sqft)

Active

Listed

05/20/2025

Expiry date

Original price

Gross taxes (2024)

$1,342.17

Property transfer tax

$6,980.00

Association fees

$388.42

Last Updated: 05/20/2025 02:33 PM

Courtesy of Stilhavn Real Estate Services

407 8120 Colonial Drive Details

Above Grade Finished Area: 687
Association Amenities: Caretaker, Trash, Maintenance Grounds, Management, Recreation Facilities
Association Fee: 388.42
Association Yn: true
Basement: None
Bathrooms Full: 1
Bathrooms Half: 0
Bathrooms Total Integer: 1
Bedrooms Total: 2
Below Grade Finished Area: 0
Bridge Modification Timestamp: 2025-05-20T21:33:33.188Z
Building Area Total: 687
Buyer Agency Compensation: 3.22% ON FIRST $100,000; 1.16% ON REMANING BALANCE
City: Richmond
Co List Agent Key: 6b0d05395238c9f6734c49e294ff637a
Co List Agent Key Numeric: 37897
Co List Agent MLS: V44871
Co List Office Key: 8f71977f90231c367c5589df760ca6c4
Co List Office Key Numeric: 4390
Co List Office MLS: V005342
Common Interest: Condominium
Construction Materials: Frame Wood, Mixed (Exterior)
Country: CA
Expiration Date: 2025-11-20
Exterior Features: Balcony
Feed Types: IDX, VOW
Foundation Details: Concrete Perimeter
Heating: Baseboard, Electric
Heating Yn: true
Idx Participation Yn: true
Internet Address Display Yn: true
Internet Entire Listing Display Yn: true
Latitude: 49.153533
Laundry Features: In Unit
Levels: One
List Agent Key: 55cffaffb4e12556cd96015e4255fefe
List Agent Key Numeric: 45616
List Agent MLS: V60450
List Aor: Greater Vancouver
List Office Key: 8f71977f90231c367c5589df760ca6c4
List Office Key Numeric: 4390
List Office MLS: V005342
List Price: 449000
Listing Contract Date: 2025-05-20
Listing: R3004514
Listing Key: 77f73cc01228dfb12597904b8dceba86
Listing Key Numeric: 263026141
Living Area: 687
Longitude: -123.170604
Main Level Bathrooms: 1
MLS Area Major: Richmond
MLS Area Minor: Boyd Park
MLS Status: Active
Modification Timestamp: 2025-05-20T18:24:57.300Z
Open Parking Yn: true
Original Entry Timestamp: 2025-05-20T18:24:55.200Z
Original List Price: 449000
Originating System Name: GVR – FVREB – CADREB – BCNREB – Resi
Ownership: Freehold Strata
Parcel Number: 001571664
Parking Features: Open
Parking Total: 1
Pets Allowed: No
Photos Change Timestamp: 2025-05-20T18:33:58.709Z
Photos Count: 28
Pool Features: Outdoor Pool
Postal Code: V7C 4V2
Property Sub Type: Apartment/Condo
Property Type: Residential
Roof: Asphalt
Room Bathroom Level: Main
Rooms Total: 7
Sewer: Public Sewer, Sanitary Sewer
Showing Contact Name: TB/TEXT/CALL MICHELE WONG PREC
Source System Key: 263026141
Standard Status: Active
State Or Province: BC
Status Change Timestamp: 2025-05-20T07:00:00.000Z
Stories: 1
Street Name: Colonial
Street Number: 8120
Street Suffix: Drive
Structure Type: Multi Family, Residential Attached
Subdivision Name: Cherry Tree Place
Tax Annual Amount: 1342.17
Tax Legal Description: STRATA LOT 182 SECTION 23 BLOCK 4 NORTH RANGE 7 WEST NEW WESTMINSTER DISTRICT STRATA PLAN NW917 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1
Tax Year: 2024
Unit Number: 407
Unparsed Address: 407 8120 COLONIAL DRIVE, Richmond BC V7C 4V2
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Virtual Tour Url Branded: https://youtu.be/QQLx8UrWkBU
Water Source: Public
Year Built: 1977
Zoning: ZLR48

407 8120 Colonial Drive History

Address	MLS®	Changed	List date	Status	List price	Close price	List agent	List office
407 8120 Colonial Drive	R3004514	05/20/2025 02:33 PM	05/20/2025	Active	$449,000	Login to view	Michelle Wong PREC*	Stilhavn Real Estate Services