322 8120 Colonial Dr, Richmond, BC | MLS^® R3035978 Property Details

7.3% price reduction

Welcome to Cherry Tree Place! This affordable 1-bedroom condo offers 523 sq ft of comfortable living in a quiet, family-friendly community in Richmond’s Boyd Park. Featuring laminate flooring, and in-suite laundry, this upper-level unit is bright and well-kept with a functional layout and peaceful views of surrounding greenery. Enjoy access to outdoor pool, playground, and nearby walking trails. Rentals allowed, low strata fees, and 1 parking. Just steps to transit, schools, shopping, and the Grauer Neighborhood School Park nearby. Perfect for first-time buyers or investors!

General Info

Price $360,000

Total Bedrooms 1

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 523

Lot Size -

Lot Size Depth Feet

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

Appliances Included Washer/Dryer, Refrigerator, Stove

Building Amenities Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Management

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS^® # R3035978

Area Richmond

Neighbourhood Boyd Park

City Richmond

Gross Taxes $1,120.8

Ownership Type Freehold Strata

Maintenance Fee $297.43

Amenities Nearby Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Management

Heating & Cooling

Fireplace -

Heating Type Baseboard, Electric

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Open, Guest, Front Access

Total Parking Spaces 1

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Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns

Pet Restrictions Cats OK, Dogs OK, Yes With Restrictions

Rental Restrictions -

Zoning APT

Rental Suites None

Laundry In Unit

# of Kitchens 1

Flooring Laminate

Foundation Concrete Perimeter

Interior Features Elevator

View -

View Description -

Units In Development 198

Exterior Features Garden, Balcony

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	10'7 x 10'7 ft
Main Level	Dining Room	10'7 x 10'7 ft
Main Level	Kitchen	7'9 x 7'9 ft
Main Level	Primary Bedroom	10'0 x 10'0 ft
Main Level	Storage	5'8 x 5'8 ft

Listed by: Royal LePage Westside

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 322 8120 Colonial Drive in Richmond, BC

As we walk through this charming community, you'll discover a world of amenities and benefits that make 322 8120 Colonial Drive an ideal place to call home. With its prime location and excellent schools, this property is sure to impress even the most discerning buyer.

Education

We're proud to say that 322 8120 Colonial Drive is serviced by R M Grauer Elementary School, rated No Rating, which is conveniently located just 0.36 km away. For secondary education, Hugh Boyd Secondary School is a short 1.03 km from this address, also with a rating of No Rating. Families love this area because of the easy access to quality education.

Additionally, the closest elementary independent school, St. Joseph the Worker School, is just 1.26 km from this home, with a rating of No Rating. For secondary independent education, City Vancouver Academy is a bit further, 4.64 km away, but still a great option for those seeking alternative education paths.

Crime

According to Statistics Canada's 2020 report, our neighborhood has a total of 16,909 violations, with an overall crime rate of 7,826.57 incidents per 100,000 population. This rate is Average compared to other Canadian cities. Year-over-year, crime has decreased by 3.39%. Feeling safe and secure in your community is essential, and our neighborhood strives to maintain a low crime rate for your peace of mind.

Breaking down the crime statistics, we see that drug-related offenses near the listing MLS^® R3035978 have a High rating, with 2,081.96 incidents per 100,000 population. However, property crimes in our neighborhood are Average, with 3,238.66 incidents per 100,000 population. Violent crime rates are also Low, at 919.25 incidents per 100,000 population.

Demographics

Our community is home to a diverse population, with 31.9% of residents holding a university certificate or degree, which is Above Average compared to other BC neighborhoods. On the other hand, 12.3% of the population has no certificate or degree, which is Below Average.

In terms of income, the median household income near this property is $63,915, which is Average compared to the British Columbia average. The median personal income is $28,335, which is Below Average. However, the unemployment rate in our area is Low, at 5.5%, making it an attractive location for job seekers.

Transit

We're conveniently located near public transportation, with the closest bus station, Northbound Railway Ave @ Colbeck Rd, just 0.11 km away from this listing with MLS^® R3035978.

Lifestyle Amenities

Our neighborhood offers a range of lifestyle amenities, including Boyd Park, which is just a short walk from this property. Other nearby attractions include shopping malls, grocery stores, restaurants, and coffee shops.

Real Estate Context

The average value of dwellings in our neighborhood is $1,291,699, which is High compared to other areas in British Columbia. With a mix of owner-occupied and rental properties, our community offers a range of housing options. The average owner payments are Above Average, with owners spending $1,492 per month on their dwellings. Tenants, on the other hand, are paying $1,581 per month, which is also High compared to other cities.

Language and Transportation

In our community, 6.6% of the population speaks both English and French, making it an Average language proficiency. However, 83.5% of the population speaks only English, which is Below Average. Meanwhile, 9.8% of the population speaks neither English nor French, which is High compared to other BC cities.

When it comes to transportation, 20.1% of the population uses public transport, which is Above Average. On the other hand, 74.4% of the population uses cars, which is Below Average. 2.4% of the population uses bicycles, which is Above Average. And 1.8% of the population walks, which is Low.

Conclusion

In conclusion, 322 8120 Colonial Drive in Richmond, BC is an excellent choice for those seeking a safe, convenient, and desirable community. With its prime location, excellent schools, and range of lifestyle amenities, this property is sure to meet your needs. Contact us today to schedule a viewing and make this beautiful home yours.

MLS^® R3035978