Property Type: Condo / ApartmentOwnership: Strata

105 8740 CITATION DRIVE

Richmond, BC V6Y3A3

$379,000

1 bed1 bath1 parking694 sqftBuilt 1980
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Amenities

Also listed: Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$376/mo
Annual property tax
$1,320.93 (2025)

Interior

Heating
Baseboard heaters
Fireplace
None

Exterior & Lot

Pool
Outdoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Visitor Parking

Restrictions & Policies

Pets
Allowed with restrictions
Rentals
Allowed with restrictions

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
R3138373
Listed
June 22, 2026
Time on market
On the market for 70 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Spacious and private south-facing 1-bedroom home in desirable Citation Mews. Bright and inviting with fresh paint, new carpeting, updated kitchen cabinetry, countertops, and modern light fixtures. Functional layout with generous living space and large windows for abundant natural light. In-suite laundry can be installed. Centrally located in Richmond, close to shopping, restaurants, schools, parks, and transit. An excellent opportunity for first-time buyers, downsizers, or investors. (id:63159)

Values & Trends

This listing

$546/sqft

Building average

$503/sqft

2 active listing(s)

Richmond average

$802/sqft

869 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Apartment Market Stats — Richmond

Monthly figures from the Fraser Valley Real Estate Board for Richmond apartmentlistings — not specific to this property.

MLS® HPI Benchmark Price

$639,700

Jul 2026

Average Sale Price

$604,327

Jul 2026

Monthly Sales

92

Jul 2026

Active Listings

956

Jul 2026

Sales-to-Active Ratio

10.0%

Jul 2026

Median Days to Contract

38 days

Jul 2026

MLS® HPI Benchmark Price

$762,600
$625,400
Aug '21Aug '22Aug '23Aug '24Aug '25Jul '26

Source: Fraser Valley Real Estate Board (FVREB).

Location Insights

Weather

Clear

17°C

Clear

Humidity 100%

Wind WNW 13 km/h

Tonight

14°

Tuesday

21°

Tuesday night

16°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

209,937

(2021 Census)

+5.9% since 2016

Density: 1,629.1/km²

Dwellings: 85,035

Median household income: $79,000

After-tax: $71,000

Immigrant population: 60.3%

Top countries of origin (% of total population)

  • China22.1% · 46,490
  • Hong Kong11.6% · 24,340
  • Philippines6.5% · 13,570
  • Taiwan3.7% · 7,745
  • India2.6% · 5,380
  • United Kingdom1.1% · 2,210
  • United States of America0.8% · 1,600
  • Viet Nam0.7% · 1,510

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

30

6/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
William Cook ElementaryElementary293 m
Henry Anderson ElementaryElementary597 m
General Currie ElementaryElementary688 m
A.R. MacNeill SecondarySecondary730 m
R C Palmer SecondaryElementary1.0 km
Garden City ElementaryElementary1.1 km
Richmond SecondaryElementary1.1 km
St Paul School(Independent)Elementary1.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Eastbound Granville Ave @ 8700 Block64 m
Eastbound Granville Ave @ Garden City Rd146 m
Westbound Granville Ave @ Garden City Rd181 m
Northbound Garden City Rd @ Bennett Rd240 m
Eastbound Granville Ave @ St. Albans Rd259 m

Nearby Places

Restaurants (5+)

  • Redbud Restaurant · 8360 Granville Avenue371 m
  • Sea Fortune Restaurant · 8360 Granville Avenue376 m
  • Wing Kee Restaurant · 8260 Granville Avenue435 m
  • Kumo Sukiyaki Restaurant · 9111 Anderson Road590 m
  • Kumare Restaurant & Bakery · 8130 Park Road592 m

Cafes (5+)

  • Prunus · 6833 Buswell Street532 m
  • Tea Origin · 6833 Buswell Street549 m
  • Hui Lau Shan561 m
  • Cafe & Life Co. · 6833 Buswell Street573 m
  • Storeys Cafe · 8080 Anderson Road607 m

Grocery (2)

  • Wah Shang Supermarket · 8108 Park Road619 m
  • Sungiven Foods · 8119 Park Road629 m

Parks (5+)

  • Unnamed202 m
  • Cook Neighbourhood School Park308 m
  • Garden City Community Park375 m
  • MacNeill Neighbourhood School Park651 m
  • Paulik Neighbourhood Park · 7620 Heather Street713 m

Pharmacies (2)

  • Chemmart Pharmacy · 6633 Buswell Street576 m
  • McCue Pharmacy · 8120 Cook Road704 m

Banks & ATMs (4)

  • BDC · 8100 Granville Avenue576 m
  • TD · 7008 Number 3 Road690 m
  • Industrial And Commercial Bank Of China (Canada) · 6740 Number 3 Road723 m
  • RBC · 6400 Number 3 Road764 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$303,200.00
Periodic payment — Principal & Interest (monthly)$1,956.14
Additional monthly expenses (strata, tax, utilities, etc.)$520.87
Total monthly cost$2,477.01
Interest paid over 5-yr term$86,897.99
Balance at end of term$272,729.38

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,768.66

Cash Needed at Closing

Minimum down payment$18,950
Estimated BC PTT$5,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,030

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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