Richmond · V7C 4V2
$1,924/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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Welcome to Cherry Tree Place! This affordable 1-bedroom condo offers 523 sq ft of comfortable living in a quiet, family-friendly community in Richmond’s Boyd Park. Featuring laminate flooring, and in-suite laundry, this upper-level unit is bright and well-kept with a functional layout and peaceful views of surrounding greenery. Enjoy access to outdoor pool, playground, and nearby walking trails. Rentals allowed, low strata fees, and 1 parking. Just steps to transit, schools, shopping, and the Grauer Neighborhood School Park nearby. Perfect for first-time buyers or investors!
Buy / sell history for Unit 322 – 8120 Colonial Drive, Richmond (Apartment/Condo)
Market
Balanced
Buyer’s market
Balanced
Seller’s market
Richmond Apartment: 14.7% sales-to-active ratio (balanced market).
1
Beds
523 ft²
Floor area
1977
Year built
Apartment/Condo
Type
Richmond
Area
Listed
August 11, 2025
Estimate
Unit 322 – 8120 Colonial Drive, Richmond (Apartment/Condo)
Estimated value
?Estimated rent
?Rental yield
?School
iGrowth
iRental
i$360,000 is 45.6% below the Richmond Apartment HPI benchmark of $662,200 (2026-04-01).
A few details are member-only
Room-by-room dimensions, the level-by-level area split, construction & systems, zoning, PID and legal. Free to reveal with an account.
Space & layout
Finished area
523ft²
Level-by-level split
MemberRoom by room
Main floor
Living Room
Kitchen
Dining Room
Primary Bedroom
Basement
Bedroom
Recreation Room
Construction & systems
Construction
Foundation
Roof
Flooring
Water
Sewer
Utilities
Lot, zoning & legal
Zoning
Legal description
Nearby & Commute
15 min
walk to Safeway
14 min
bike to Richmond–Brighouse
46 min
walk to Richmond–Brighouse
36 min
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Condo / Apartment · 44%
| Condo / Apartment | 397 | 43.5% |
| Detached | 349 | 38.3% |
| Townhouse | 136 | 14.9% |
| Duplex | 10 | 1.1% |
| Half-duplex | 10 | 1.1% |
| Other | 10 | 1.1% |
| Under $5,000 | 15 | 3.5% |
| $10,000 to $14,999 | 5 | 1.2% |
| $20,000 to $24,999 | 15 | 3.5% |
| $25,000 to $29,999 | 20 | 4.7% |
| $30,000 to $34,999 | 15 | 3.5% |
| $35,000 to $39,999 | 10 | 2.3% |
| $40,000 to $44,999 | 15 | 3.5% |
| $45,000 to $49,999 | 10 | 2.3% |
| $50,000 to $59,999 | 25 | 5.8% |
| $60,000 to $69,999 | 35 | 8.1% |
| $70,000 to $79,999 | 45 | 10.5% |
| $80,000 to $89,999 | 30 | 7.0% |
| $90,000 to $99,999 | 30 | 7.0% |
| $100,000 to $124,999 | 45 | 10.5% |
| $125,000 to $149,999 | 40 | 9.3% |
| $150,000 to $199,999 | 35 | 8.1% |
| $200,000 and over | 40 | 9.3% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$1,924
Principal and interest
Calculated estimate
$1,665
Property tax
Calculated estimate
$108/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$360,000
Down payment
Calculated estimate
$72,000 (20%)
Estimated mortgage
Calculated estimate
$288,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Original list price
$378,000
Mortgage estimate
Metro averages
Est. monthly total
$1,924
/mo
Rate
%
Amortization
Principal and interest
$1,665
Property tax (est.)
$108
P&I
Tax
Down payment
$72,000 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $72,000 down (20%) on $360,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
At 3.1937 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Daily mean across the year.
On the drier side for BC.
Snow is the exception here.
Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
