CHERRY TREE PLACEListing Information
Sold · MLS® R3004514
407 8120 COLONIAL DRIVE
Richmond · Boyd Park V7C 4V2
$430,000 (Sold Wed May 28 2025 00:00:00 GMT+0000 (Coordinated Universal Time))
- 2 Beds
- 1 Baths
- 687 Sqft
- 1 Parking
- Built 1977
Market data by RealtySuite
Listed by Stilhavn Real Estate Services
Property Description
Investor Alert! Seize this exceptional investment opportunity with a Cap Rate of 4.2% in Richmond''s desirable Boyd Park neighbourhood. This 2 bedroom + den, 1 bathroom condo offers 687 sq ft of well-designed living space, making it an ideal addition to any rental portfolio. Fantastic tenants and great monthly rent ($2275) on a long term lease (fixed until May 2027) equals piece of mind. Outdoor pool and well-maintained grounds provides added value. Strong rental demand in the area means low vacancy rates and long-term appreciation. Near the West Dyke Trail, IB Hugh Boyd Secondary and Safeway. One parking included. *some photos virtually staged* OPEN HOUSE SAT May 24th from 2-4pm.
Property Details
- Property Type
- Apartment Unit
- Style
- Multi Family,Residential Attached
- Title to Land
- Freehold Strata
- Year Built
- 1977
- Area
- Richmond · Boyd Park
- Outdoor
- Balcony
- Heating / Cooling
- Baseboard,Electric
- Construction
- Frame Wood,Mixed (Exterior)
- Parking
- Open (1 stall)
- Water Supply
- Public
- Kitchens
- 1
Financial
List Price$430,000
Gross Taxes$1,342 · 2024
Maintenance Fee$388/mo
✦ Included in the Maintenance Fee
- Caretaker
- Trash
- Maintenance Grounds
- Management
- Recreation Facilities
Rooms 7
Patio
Den
Kitchen
Dining Room
Living Room
Bedroom
Primary Bedroom
Features & Appliances
✦ Bylaws & Pets
- Pets Not Allowed
Where this information comes from:
Listing details, room sizes, features and financials are from the active MLS® listing
R3004514, Real Estate Board of Greater Vancouver, listed by Stilhavn Real Estate Services (Michelle Wong PREC*).
Listed May 20, 2025. Feed last updated Jul 15, 2025.
Building-level information is from the BCCondos.net building database.
Measurements are provided by the listing brokerage and are approximate — buyer to verify all data.
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407 8120 COLONIAL DRIVE · Cherry Tree Place · MLS® R3004514 · with Les Twarog
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