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Listing history

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About this home

$145,610 below gov't assessed value! Most affordable 2 bed condo in Richmond! Discover this quiet and bright Penthouse 2-bedroom 1 bath home with insuite laundry at Cherry Tree Place, ideally located near schools, parks, and everyday conveniences. Overlooking the scenic Railway Greenway walking trail, this home offers a peaceful, nature-filled setting right outside your window. Inside, you'll find a functional and well-laid-out floor plan, complete with the convenience of in-suite laundry. Upgrades to the unit: Brand new hot water tank, 2 years old carpet, quartz countertop in Kitchen and Bathroom. Move in as-is or bring your renovation ideas to life-this home is a perfect canvas to create your own style and add value. Enjoy the ideal combination of comfort, location, and potential!

Home facts

Bedrooms: 2
Bathrooms: 1 full
Interior: 690 sq ft
Year built: 1977
Pets · restrictions: Allowed
Storey: 1
Parking: 1
Property type: Apartment/Condo
Basement: None
Carport: No
Area: Richmond
Sub-area: Boyd Park
Style: Penthouse
Listed: Hidden until you accept the VOW terms
Structure: Multi Family
PID: Hidden until you accept the VOW terms

Highlights

Balcony
Pool
In-suite laundry
Trail access
Caretaker

Features and inclusions

Appliances: Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating: Baseboard, Electric
Flooring: Hidden until you accept the VOW terms
Construction: Hidden until you accept the VOW terms
Roof: Hidden until you accept the VOW terms
Parking: Open, Front Access
Lot: Central Location, Recreation Nearby, Wooded
Interior features: Elevator
Laundry: In Unit
Community: Shopping Nearby

Board rules show these details to signed-in buyers who accept the VOW terms.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $1,422
Property tax: $83/mo
Home insurance: $150/mo
Estimated monthly total: $1,655

Purchase snapshot

List price: $299,990
Down payment: $59,998 (20%)
Estimated mortgage: $239,992

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Space and layout

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Home value

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Neighbourhood

Open the map

Walk to Safeway15 min

Bike to Richmond–Brighouse14 min

Walk to Richmond–Brighouse46 min

Drive to downtown Vancouver36 min

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Condo / Apartment · 43%

Homes for sale nearby, by type

Condo / Apartment362 for sale

Detached323 for sale

Townhouse127 for sale

Half-duplex19 for sale

Land9 for sale

Other3 for sale

Active listings within 3 km of this home.

Homes built in Richmond, by type

Low-rise apartment58.1% · 250

Single-detached24.4% · 105

Apartment in duplex17.4% · 75

Source: Statistics Canada, 2021 Census of Population. 430 dwellings.

Who lives here

Statistics Canada area 59151042 · Richmond

Median age: 49
Renter households: 36%
Average household size: 2.6
Median household income: $81,000

Population (2021): 1,271
Median rent: $1,360
Owner shelter cost: $950
30%+ of income on shelter: 30%
Owner households: 64%
Households with kids: 47%
Immigrants: 60%
Post-secondary: 54%
Average home value (2021): $1,160,000

Breakdown

Under $5,0003.5% · 15

$10,000 to $14,9991.2% · 5

$20,000 to $24,9993.5% · 15

$25,000 to $29,9994.7% · 20

$30,000 to $34,9993.5% · 15

$35,000 to $39,9992.3% · 10

$40,000 to $44,9993.5% · 15

$45,000 to $49,9992.3% · 10

$50,000 to $59,9995.8% · 25

$60,000 to $69,9998.1% · 35

$70,000 to $79,99910.5% · 45

$80,000 to $89,9997.0% · 30

$90,000 to $99,9997.0% · 30

$100,000 to $124,99910.5% · 45

$125,000 to $149,9999.3% · 40

$150,000 to $199,9998.1% · 35

$200,000 and over9.3% · 40

Source: Statistics Canada, 2021 Census Profile, dissemination area 59151042.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Form BReview strata fees, balances, parking, storage, and notices.
Bylaws and rulesReview rental, pet, renovation, and use restrictions.
Council and AGM minutesReview recent decisions, disputes, repairs, and planned work.
Depreciation reportReview the long-term repair plan and funding outlook.
Budget and financial statementsReview operating costs, contingency funds, and special levies.
Strata insurance summaryReview building coverage, deductibles, and policy limits.

Availability is not guaranteed. Review documents with a professional.

#413 – 8120 Colonial Drive

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