Property Type: Condo / ApartmentOwnership: Strata

111 7297 MOFFATT ROAD

Richmond, BC V6Y1X9

$488,000

2 bed1 bath1 parking948 sqftBuilt 1982
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Amenities

Gym

Also listed: Shared Laundry

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$375/mo
Annual property tax
$1,680 (2025)

Interior

Heating
Electric
Fireplace
None

Exterior & Lot

Pool
Outdoor pool

Parking

Total spaces
1

Restrictions & Policies

Pets
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®
R3147578
Listed
July 17, 2026
Time on market
On the market for 45 days
Tax assessment year
2025
Data last synced
August 28, 2026

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

Description

Welcome to this bright and beautifully updated 2-bedroom, 1-bath east-facing condo in the heart of Richmond. Perfectly positioned to capture the morning sun, this centrally located home offers both comfort and convenience in a highly desirable community. A thoughtfully renovated kitchen and bathroom (2019), featuring modern finishes and timeless design. The functional layout offers spacious bedrooms, an inviting living area, and large windows that fill the home with natural light. Enjoy resort-style amenities including an outdoor pool, fully equipped gym, and beautifully maintained mature gardens. Just steps from parks, shopping, schools, and transit, this location truly has it all. An ideal opportunity for first-time buyers and downsizers! NEW CARPET IN THE BEDROOMS, NEWLY PAINTED and NEW BLINDS! Nothing to do but move in! (id:63159)

Values & Trends

This listing

$515/sqft

Building average

No other active listings in this building

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

15°C

Clear

Humidity 100%

Wind NW 5 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

19

5/9 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
Richmond SecondaryElementary288 m
W D Ferris ElementaryElementary677 m
Blundell ElementaryElementary836 m
General Currie ElementaryElementary869 m
Samuel Brighouse ElementaryElementary881 m
St Paul School(Independent)Elementary1.2 km
William Cook ElementaryElementary1.4 km
R C Palmer SecondaryElementary1.4 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
Northbound Gilbert Rd @ Mang Rd185 m
Southbound Gilbert Rd @ Mang Rd199 m
Northbound Gilbert Rd @ Donald Rd270 m
Southbound Gilbert Rd @ Donald Rd278 m
Southbound Gilbert Rd @ Granville Ave321 m

Nearby Places

Restaurants (2)

  • Pho Lan Beef Noodle Soup · 6950 Number 3 Road738 m
  • Bamboo Grove Restaurant · 6920 Number 3 Road747 m

Cafes (1)

  • daydreamers by cafe 33 · 8060 Anderson Road783 m

Grocery (1)

  • Blundell Market · 7791 Number 3 Road717 m

Parks (4)

  • Brighouse Park601 m
  • Ferris Neighbourhood School Park · 7520 Sunnymede Crescent661 m
  • Garatt Park683 m
  • Minoru Park725 m

Banks & ATMs (1)

  • TD · 7008 Number 3 Road724 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,400) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$390,400.00
Periodic payment — Principal & Interest (monthly)$2,518.73
Additional monthly expenses (strata, tax, utilities, etc.)$561.53
Total monthly cost$3,080.26
Interest paid over 5-yr term$111,889.76
Balance at end of term$351,166.06

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,400
Stress test qualifying rate8.09%
Payment you must qualify for$3,564.92

Cash Needed at Closing

Minimum down payment$24,400
Estimated BC PTT$7,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,660

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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