225 8120 Colonial Dr, Richmond, BC, MLS® R3048359

$334,500
Est. Mortgage /mo

$334,500
$349,800
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
1 Beds
1 Baths
1 Stories
$ 300.28 Maint. Fee
528 sqft
1977 built
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Map
Street view
Schools
Crime
Commute
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225 8120 Colonial Dr, Richmond, BC | MLS® R3048359 Property Details

Cozy one bedroom with and in-suite laundry making this a perfect starter home. Nestled in a quite neighbourhood with beautifully manicured landscaping, the unit's balcony faces west with views of Grauer Neighbourhood School Park and Cherry Tree Place pool. Affordable strata fees. Includes 1 parking spot. Rentals allowed. Catchment schools include Grauer Elementary, Hugh Boyd Secondary. Building has elevator access. Unit previously rented out at $1900/month.

General Info

Price $334,500
Total Bedrooms 1
Total Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 528
Lot Size -
Lot Size Depth -
Lot Size Frontage -
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1977
Age Of Building 48
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Caretaker, Trash, Maintenance Grounds, Management, Snow Removal
Building Features BuildingFeatures
Structures Multi Family, Residential Attached

Additional Details

MLS® # R3048359
Area Richmond
Neighbourhood Boyd Park
City Richmond
Gross Taxes $1,277.8
Ownership Type Freehold Strata
Maintenance Fee $300.28
Amenities Nearby Caretaker, Trash, Maintenance Grounds, Management, Snow Removal

Heating & Cooling

Fireplace -
Heating Type Baseboard

Utilities

Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer
Water (WaterSource) Public

Parking

Parking Type Front Access
Total Parking Spaces -

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Strata Restrictions Pets Not Allowed,Rentals Allwd w/Restrctns
Pet Restrictions No
Rental Restrictions -
Zoning ZLR 28
Rental Suites -
Laundry In Unit
# of Kitchens 1
Flooring Vinyl
Foundation Other
Interior Features Elevator
View -
View Description -
Units In Development -
Exterior Features Balcony
Sewer Public Sewer, Sanitary Sewer
Roof Other

Property History

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Status Date Price
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Listed by: 1NE Collective Realty Inc.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Hugh Boyd Secondary School
1.03 km
Elementary
R M Grauer Elementary School
0.36 km
Elementary
R M Grauer Elementary School
0.36 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Joseph the Worker School
1.26 km
Secondary
City Vancouver Academy
4.64 km

Closest Transit

Bus Stop
Northbound Railway Ave @ Colbeck Rd
0.11 km
Skytrain
Skytrain @ Brighouse Stn
2.94 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to the charming neighborhood of Richmond, BC, where you'll find the perfect blend of comfort, convenience, and community spirit. I'm thrilled to introduce you to this stunning property, 225 8120 Colonial Drive, Richmond, BC, listed with MLS® R3048359. As we explore this incredible home, I'll highlight the many reasons why it's the perfect choice for families, professionals, and anyone looking to make a lasting connection with their surroundings.

Education

As a proud parent, you'll love knowing that your children will thrive in the excellent schools nearby. R M Grauer Elementary School, located just 0.36 km from 225 8120 Colonial Drive, boasts a strong reputation for academic excellence. With a rating of No Rating (as per the latest available data), you can trust that your child will receive a top-notch education. Additionally, Hugh Boyd Secondary School, situated 1.03 km from this property, offers a comprehensive curriculum and a supportive learning environment.

Safety

Richmond is a safe and welcoming community, and 225 8120 Colonial Drive is no exception. According to the latest crime statistics from Statistics Canada (2020), this neighborhood has an average crime rate compared to other Canadian cities. With a total of 16,909 reported incidents, you'll enjoy peace of mind knowing that your family is protected. The overall crime rate near this address is 7,826.57, which is considered average. Moreover, the rate of violent crimes is Low, with a rating of 919.25 incidents per 100,000 population.

Community and Amenities

Richmond is a vibrant city with a rich cultural scene, and 225 8120 Colonial Drive is surrounded by an abundance of amenities. The closest Bus station, Northbound Railway Ave @ Colbeck Rd, is just 0.11 km away, providing easy access to public transportation. You'll also find a range of parks, beaches, and trails within walking distance, perfect for outdoor enthusiasts and families.

Demographics

This neighborhood is home to a diverse population, with 31.9% of residents holding a university certificate or degree. This is above average compared to other BC neighborhoods. The median household income is $63,915, which is average for the region. Additionally, the unemployment rate is Low, at 5.5%, making this an attractive location for professionals and families.

Real Estate Context

The average value of dwellings in this neighborhood is $1,291,699, which is High compared to other areas in British Columbia. With average owner payments of $1,492 and tenants paying $1,581, you can trust that your investment will appreciate over time. The property is also situated in a desirable area, with 27.3% of the population renting, making it an attractive option for investors and homebuyers alike.

Lifestyle

Richmond is a thriving community with a strong sense of identity. With a population density of 3,985 people per square kilometer, you'll enjoy a lively atmosphere without sacrificing the benefits of small-town living. The average age of the population is 43.2, which is above average for the region. You'll also find a range of cultural and recreational activities, from arts festivals to outdoor events, making this an ideal location for families and individuals alike.

In conclusion, 225 8120 Colonial Drive, Richmond, BC, listed with MLS® R3048359, is an exceptional opportunity for anyone seeking a balanced lifestyle. With its excellent schools, safe community, and abundance of amenities, this property is the perfect choice for families, professionals, and anyone looking to call Richmond home.

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $334,500
Richmond $366,954
Boyd Park $360,000
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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