Property Type: Condo / ApartmentOwnership: Strata

303 7851 NO. 1 ROAD

Richmond, BC V7C1T7

$360,000

1 bed1 bath1 parking736 sqftBuilt 1976
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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
$558/mo
Annual property tax
$1,477.73 (2025)

Interior

Heating
Baseboard heaters, Electric
Fireplace
None

Parking

Total spaces
1 — covered indicated
Features
Garage, Visitor Parking

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®
R3147751
Listed
July 20, 2026
Time on market
On the market for 42 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: RE/MAX Westcoast · Data source: CREA DDF.

Description

Welcome to Beacon Cove! Large 1 Bedroom with massive patio overlooking a green belt! This unit is perfect for a first time home buyer looking to get into the market in a great neighborhood! Close to all amenities, transit and schools. Functional layout, large primary bedroom, and 2 ways to access your entertainer's patio. Includes 1 covered parking, additional parking can be rented. 2 storage included, 1 off patio, 1 underground. The building amenities include a clubhouse, party room, lounge, gym plus more. Pet-friendly complex with updates complete to roof, re-piping, rainscreen & balconies, windows and sliding doors. Book a private showing today! (id:63159)

Values & Trends

This listing

$489/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

15

3/9 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
Quilchena ElementaryElementary348 m
R M Grauer ElementaryElementary571 m
James Gilmore ElementaryElementary695 m
Hugh Boyd SecondaryElementary1.3 km
J.N. Burnett SecondarySecondary1.3 km
Donald E McKay ElementaryElementary1.3 km
James Thompson ElementaryElementary1.4 km
Alfred B Dixon 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 @ Blundell Rd117 m
Southbound No. 1 Rd @ Blundell Rd172 m
Southbound No. 1 Rd @ Moresby Dr246 m
Northbound No. 1 Rd @ Moresby Dr315 m
Northbound No. 1 Rd @ Pacemore Ave354 m

Nearby Places

Cafes (1)

  • Starbucks789 m

Grocery (1)

  • Safeway · 8671 Number 1 Road795 m

Parks (4)

  • Unnamed337 m
  • Grauer Neighbourhood School Park · 4440 Blundell Road618 m
  • Morris Neighbourhood Park645 m
  • Gilmore Neighbourhood School Park691 m

Nearby places data: © OpenStreetMap contributors.

School district: Richmond (SD38)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$288,000.00
Periodic payment — Principal & Interest (monthly)$1,858.08
Additional monthly expenses (strata, tax, utilities, etc.)$718.00
Total monthly cost$2,576.08
Interest paid over 5-yr term$82,541.63
Balance at end of term$259,056.93

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,000
Stress test qualifying rate8.09%
Payment you must qualify for$2,629.86

Cash Needed at Closing

Minimum down payment$18,000
Estimated BC PTT$5,200
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,700

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.

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