121 7437 MOFFATT ROAD
Richmond, BC V6Y3V9
$498,800
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Apartment
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $357/mo
- Annual property tax
- $1,538.59 (2024)
Interior
- Heating
- Electric
- Fireplace
- None
Parking
- Total spaces
- 1
Listing Information
- MLS®
- R3107328
- Listed
- April 7, 2026
- Time on market
- On the market for 146 days
- Tax assessment year
- 2024
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Michael Cowling and Associates Realty · Data source: CREA DDF.
Description
Welcome to Colony Bay! This rarely available 1-bedroom, 1-bathroom condo offers over 806 sqft of bright and spacious living. Enjoy two large balconies, perfect for soaking up the sun and fresh air. The building underwent a full rainscreen upgrade in 2022, including balconies, windows, doors, decks, and siding for peace of mind. Additional updates include repiped plumbing (2011) and a new roof (2014). Inside, the home features newer laminate hardwood flooring in the living room and hallway, re-tiled kitchen and bathroom floors, and a quiet, open outlook from the living area. The kitchen has updated lighting fixtures, and the home includes the convenience of in-suite laundry, a cozy gas fireplace, and secured underground parking. Located in the heart of Richmond, this home is just a short walk to Richmond Centre, Minoru Park, and the SkyTrain, offering the perfect blend of comfort and convenience. (id:63159)
Values & Trends
This listing
$619/sqft
Building average
—
No other active listings in this building
Richmond average
$802/sqft
869 active listing(s)
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
Source: Fraser Valley Real Estate Board (FVREB).
Location Insights
Weather
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
7
2/9 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
| School | Type | Distance |
|---|---|---|
| Richmond Secondary | Elementary | 387 m |
| W D Ferris Elementary | Elementary | 586 m |
| Blundell Elementary | Elementary | 729 m |
| General Currie Elementary | Elementary | 909 m |
| Samuel Brighouse Elementary | Elementary | 953 m |
| St Paul School(Independent) | Elementary | 1.2 km |
| Donald E McKay Elementary | Elementary | 1.4 km |
| R C Palmer Secondary | Elementary | 1.4 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
| Stop | Type | Distance |
|---|---|---|
| Southbound Gilbert Rd @ Mang Rd | — | 163 m |
| Northbound Gilbert Rd @ Donald Rd | — | 167 m |
| Southbound Gilbert Rd @ Donald Rd | — | 179 m |
| Northbound Gilbert Rd @ Mang Rd | — | 197 m |
| Northbound Gilbert Rd @ Blundell Rd | — | 357 m |
Nearby Places
Grocery (1)
- Blundell Market · 7791 Number 3 Road711 m
Parks (4)
- Ferris Neighbourhood School Park · 7520 Sunnymede Crescent571 m
- Garatt Park610 m
- Brighouse Park688 m
- Blundell Park · 6480 Blundell Road768 m
Nearby places data: © OpenStreetMap contributors.
School district: Richmond (SD38)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,940) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.