Property Type: Condo / ApartmentOwnership: Strata

207 8740 NO. 1 ROAD

Richmond, BC V7C4L5

$634,999

3 bed2 bath1 parking1,182 sqftBuilt 1975
Get Directions

Amenities

Gym

Also listed: Recreation Centre, Guest Suite

Property Details

Property & Lot

Sub-type
Apartment

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$631/mo
Annual property tax
$2,102.42 (2025)

Interior

Heating
Baseboard heaters, Hot Water
Fireplace
None
Appliances
All

Exterior & Lot

Pool
Indoor pool, Outdoor pool
Lot features
Private setting, Elevator

Building

Parcel ID (PID)
001-188-810

Parking

Total spaces
1

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®
R3158380
Listed
August 24, 2026
Time on market
On the market for 7 days
Tax assessment year
2025
Data last synced
August 31, 2026

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

Description

Welcome to this beautifully renovated home in desirable Boyd Park! This rare, quiet inside-facing 3-bedroom unit offers a modern, turn-key living experience featuring an updated kitchen and bathroom, plus a convenient in-suite washer/dryer combo. Step out onto your oversized private patio with a dedicated storage shed-perfect for outdoor relaxing and entertaining. The well-maintained building has undergone major infrastructure upgrades (roof, exterior, balconies, windows, pipes, and lobby), and the $25K special levy is fully paid! Enjoy resort-style amenities including indoor and outdoor pools, a sauna, guest suite, library, plus an additional storage locker. Ideally located directly across from Seafair Shopping Centre. Move right in! (id:63159)

Values & Trends

This listing

$537/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

52

7/9 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
James Gilmore ElementaryElementary476 m
R M Grauer ElementaryElementary568 m
Hugh Boyd SecondaryElementary647 m
Alfred B Dixon ElementaryElementary852 m
Quilchena ElementaryElementary945 m
St Joseph the Worker(Independent)Elementary1.1 km
des NavigateursElementary1.2 km
Donald E McKay ElementaryElementary1.4 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 No. 1 Rd @ Youngmore Rd107 m
Southbound No. 1 Rd @ Youngmore Rd165 m
Southbound No. 1 Rd @ Pacemore Ave237 m
Northbound No. 1 Rd @ Pacemore Ave286 m
Northbound No. 1 Rd @ Francis Rd292 m

Nearby Places

Restaurants (1)

  • Takeya Sushi · 8671 Number 1 Road274 m

Cafes (2)

  • Starbucks249 m
  • Blenz Coffee · 8751 Number 1 Road300 m

Grocery (1)

  • Safeway · 8671 Number 1 Road254 m

Parks (4)

  • Gilmore Neighbourhood School Park476 m
  • Hugh Boyd Community Park · 9200 Number 1 Road529 m
  • Grauer Neighbourhood School Park · 4440 Blundell Road529 m
  • Railway Greenway798 m

Shopping (1)

  • Seafair Shopping Centre278 m

Pharmacies (1)

  • Shoppers Drug Mart · 8671 Number 1 Road302 m

Banks & ATMs (4)

  • Gulf & Fraser · 8900 Number 1 Road249 m
  • CIBC · 8751 Number 1 Road315 m
  • Unnamed359 m
  • TD · 3960 Francis Road368 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 6.1% ($38,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$507,999.00
Periodic payment — Principal & Interest (monthly)$3,277.44
Additional monthly expenses (strata, tax, utilities, etc.)$865.40
Total monthly cost$4,142.84
Interest paid over 5-yr term$145,593.97
Balance at end of term$456,946.74

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$38,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,586.87

Cash Needed at Closing

Minimum down payment$38,500
Estimated BC PTT$10,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$50,700

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.

Request more information