Home Richmond, BC Boyd Park Cherry Tree Place 322 8120 Colonial Drive

322 8120 Colonial Dr, Richmond BC – Condo for Sale – MLS® R3035978

322 8120 Colonial Drive, Richmond, British Columbia V7C 4V2

Richmond Condos for Sale

436 days on the market

$360,000

Est. Mortgage $1,593/mo

Listing updated: Sep 8, 2026 at 12:31pm

EstateBlock checked: Oct 21, 2026 at 10:25am

Cherry Tree Place

1 Beds

1 Baths

523 sqft

688 $ /sqft

297.43 $ Maint. fee

1977 built

7.3% price reduction

Photos

Exterior photo of 322 8120 Colonial Dr, Richmond, BC – MLS® R3035978

Exterior Rear Photo of 322 8120 Colonial Drive, Richmond, BC

Living Room Photo of 322 8120 Colonial Drive, Richmond, BC

Family Room Photo of 322 8120 Colonial Drive, Richmond, BC

Dining Area Photo of 322 8120 Colonial Drive, Richmond, BC

Kitchen Photo of 322 8120 Colonial Drive, Richmond, BC

Kitchen Island Photo of 322 8120 Colonial Drive, Richmond, BC

Pantry Photo of 322 8120 Colonial Drive, Richmond, BC

Breakfast Nook Photo of 322 8120 Colonial Drive, Richmond, BC

Primary Bedroom Photo of 322 8120 Colonial Drive, Richmond, BC

Primary Bathroom Photo of 322 8120 Colonial Drive, Richmond, BC

Walk-In Closet Photo of 322 8120 Colonial Drive, Richmond, BC

Bedroom 2 Photo of 322 8120 Colonial Drive, Richmond, BC

Bedroom 3 Photo of 322 8120 Colonial Drive, Richmond, BC

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!

Interior Features

Basement Finished Area (sqft)	0
Basement Features	None
Appliances Included	Washer/Dryer, Refrigerator, Stove
Interior Features	Elevator
Heating Type	Baseboard, Electric
Laundry	In Unit
# of Kitchens	1
Flooring	Laminate
Foundation	Concrete Perimeter

Exterior Features

Exterior Features	Garden, Balcony
Roof	Asphalt
Structures	Multi Family, Residential Attached

Building Details

Price	$360,000
Total Bedrooms	1
Total Bathrooms	1
Full Bathrooms	1
Half Bathrooms	0
Floor Area Total (sqft)	523
Year Built	1977
Age Of Building	49
Building Type	Apartment/Condo
Property Type	Residential
Stories	1
Building Amenities	Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Management
Building Name	Cherry Tree Place
Ownership Type	Freehold Strata
Maintenance Fee	$297.43
Amenities Nearby	Recreation Facilities, Caretaker, Trash, Maintenance Grounds, Management
Utility Type	Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer	Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource)	Public
Parking Type	Open, Guest, Front Access
Total Parking Spaces	1
Strata Restrictions	Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions	Cats OK, Dogs OK, Yes With Restrictions
Rental Suites	None
Units In Development	198

Lot & Land

Lot Size Depth	Feet
MLS^® #	R3035978
Area	Richmond
Neighbourhood	Boyd Park
City	Richmond
Postal Code	V7C 4V2
Gross Taxes	$1,120.8
Zoning	APT

Property Timeline

Status	Date	Price
R3035978 / Active	08-11-2025	$360,000

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

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4

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.

About the building: Cherry Tree Place

8120 Colonial Drive, Boyd Park, Richmond

Cherry Tree Place building details

Building

Built: 1980
Homes: 198
Construction: Frame - Wood
Title: Freehold Strata
Strata plan: NWS917
Managed by: Dorset Realty
Parking: Garage: Underground
Lockers: Limited
Strata fee covers: Recreation FacilityManagementGardeningGarbage PickupCaretaker

Bylaws on record

Pets: Restricted; Cats and dogs OK, max 1
Rentals: Allowed

Market at Cherry Tree Place

For sale: 5
Median ask: $360K
Median $/sqft: $539
Days on market: 142
Sold, past year: 2

This home

$688/sqft, 27.6% above the building median of $539.

Homes for sale at Cherry Tree Place, Richmond Recent sold listings in Cherry Tree Place, Richmond

From MLS® and public strata records. Verify against the current Form B and registered bylaws.

Map & Neighbourhood

Public Schools

Secondary
Hugh Boyd Secondary School: Average 1.03 km 6.8/10
Elementary
R M Grauer Elementary School: Average 0.36 km 6.1/10

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: Above Average 1.35 km 8.2/10
Secondary
Maple Hill School: Average 3.07 km 5.6/10

Closest Transit

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

Crime Rate

Total Crime Rate: Average
Violent Crime Rate: Low
Property Crime Rate: Average

Demographics

Post-Secondary Education: Average 31.9%
No Certificate/Degree: Below Average 12.3%
Owner Occupied: Below Average 49.6%
Employment Rate: Above Average 68.9%

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

Sell Speed & Competition

58 / 100

Overall sell-speed score

Moderate pace expected

Price competition grade

Avg comparable: $345,600

Balanced

Market conditions

Balanced market — steady conditions

Flood Risk

Unlikely — not in floodplain

Railway / Skytrain noise

Unlikely — 2.94 km from station

Road / Highway noise

Possible — major road nearby

Airport noise (YVR)

Unlikely

Power lines proximity

Unlikely

ALR (Agricultural Land Reserve)

No — not in ALR

How BOYD PARK compares

This property

436 DOM

Slower than area

Boyd Park avg

52 DOM

Average

Richmond avg

52 DOM

Faster market

322 8120 Colonial Drive has a sell-speed score of 58/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced 4% above comparable active properties in Boyd Park. The local market is currently a Balanced Market with a sales-to-active ratio of 12.1% and an area average of 52 days on market — conditions are balanced. With only 919 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V7C 4V2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V7C 4V2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.1 µg/m³ — meets WHO 2021 guideline. Nearest station: Vancouver International Airport #2, Richmond (~3.9 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Richmond currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.8 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Typical for region

Annual precipitation ~1117 mm (1981–2010 baseline), projected ~1159 mm by the 2050s. Extreme 1-day rainfall: ~39.9 mm baseline, ~44.4 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~25 days baseline, ~27 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Shopping (18 nearby)

Touch of class florist · 812 m · Florist
Gulf & fraser · 893 m · Bank
Eye station optical · 915 m · Optician

Restaurants (11 nearby)

Sushi lovers · 266 m · Restaurant
Mcdonald's · 889 m · Fast Food
Yummy slice pizza · 901 m · Fast Food

Groceries (9 nearby)

Happy house fresh taste meats · 266 m · Butcher
Sunshine farms · 808 m · Greengrocer
The boss bakery · 948 m · Bakery

Cafes (5 nearby)

Coco fresh tea & juice · 917 m · Cafe
Starbucks · 920 m · Cafe
Polar bear sweet house · 936 m · Cafe

Healthcare (1 nearby)

Shoppers drug mart · 995 m · Healthcare

Transit (1 nearby)

Bus stop southbound no. 1 rd @ francis rd · 996 m · Transit

Schools NearBy

32 Schools are within 3km

School	Type	Grades Served	Catchment Info	Rating	Distance
R M Grauer Elementary School	Public	Grades Served K-7	Catchment Info In Catchment	6.1 / 10	Distance 358 m
des Navigateurs	Public	Grades Served —	Catchment Info —	7.3 / 10	Distance 624 m
Donald E McKay Elementary School	Public	Grades Served K-7	Catchment Info —	7.9 / 10	Distance 777 m
Hugh Boyd Secondary School	Public	Grades Served 8-12	Catchment Info In Catchment	6.8 / 10	Distance 1.03 KM
Quilchena Elementary School	Public	Grades Served K-7	Catchment Info —	7.6 / 10	Distance 1.18 KM
Jessie Wowk Elementary School	Public	Grades Served K-7	Catchment Info —	8.5 / 10	Distance 1.24 KM
Alfred B Dixon Elementary	Public	Grades Served —	Catchment Info —	7.4 / 10	Distance 1.26 KM
J.N. Burnett Secondary	Public	Grades Served —	Catchment Info —	8.0 / 10	Distance 1.28 KM
James Gilmore Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 1.28 KM
Archibald Blair Elementary	Public	Grades Served —	Catchment Info —	8.5 / 10	Distance 1.34 KM
St Joseph the Worker	Independent	Grades Served —	Catchment Info —	8.2 / 10	Distance 1.35 KM
Blundell Elementary School	Public	Grades Served K-7	Catchment Info —	6.9 / 10	Distance 1.37 KM
James Thompson Elementary	Public	Grades Served —	Catchment Info —	7.9 / 10	Distance 1.71 KM
John G Diefenbaker Elementary School	Public	Grades Served K-7	Catchment Info —	8.2 / 10	Distance 1.82 KM
James McKinney Elementary School	Public	Grades Served K-7	Catchment Info —	8.2 / 10	Distance 1.90 KM
W D Ferris Elementary School	Public	Grades Served K-7	Catchment Info —	8.0 / 10	Distance 1.91 KM
Samuel Brighouse Elementary School	Public	Grades Served K-7	Catchment Info —	7.3 / 10	Distance 2.04 KM
Spul'u'kwuks Elementary School	Public	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.19 KM
Steveston-London Secondary School	Public	Grades Served 8-12	Catchment Info —	8.1 / 10	Distance 2.24 KM
Richmond Secondary	Public	Grades Served —	Catchment Info —	8.1 / 10	Distance 2.26 KM
John T Errington Elementary School	Public	Grades Served K-7	Catchment Info —	8.3 / 10	Distance 2.33 KM
Errington Learning Centre	Public	Grades Served —	Catchment Info —	8.3 / 10	Distance 2.38 KM
Continuing Ed SD 38	Public	Grades Served —	Catchment Info —	2.6 / 10	Distance 2.50 KM
Westwind Elementary School	Public	Grades Served K-7	Catchment Info —	7.4 / 10	Distance 2.61 KM
Robert A. McMath Secondary	Public	Grades Served —	Catchment Info —	8.0 / 10	Distance 2.64 KM
Mia Montessori Academy	Independent	Grades Served —	Catchment Info —	N/A	Distance 2.68 KM
Lord Byng Elementary School	Public	Grades Served K-7	Catchment Info —	7.1 / 10	Distance 2.68 KM
General Currie Elementary School	Public	Grades Served K-7	Catchment Info —	6.5 / 10	Distance 2.78 KM
Maple Lane Elementary School	Public	Grades Served K-7	Catchment Info —	8.1 / 10	Distance 2.79 KM
St.Paul School	Independent	Grades Served K-7	Catchment Info —	8.4 / 10	Distance 2.84 KM
Manoah Steves Elementary	Public	Grades Served —	Catchment Info —	7.4 / 10	Distance 2.87 KM
R C Palmer Secondary School	Public	Grades Served 8-12	Catchment Info —	7.6 / 10	Distance 2.98 KM

Pre-computed routes from 322 8120 Colonial Dr, Richmond, BC

322 8120 Colonial Dr, Richmond, BC Brighouse 2.9 km

63 min

Downtown Vancouver Waterfront Station

By transit (Skytrain)

Downtown Vancouver via Brighouse → Waterfront
63 min
Metrotown, Burnaby via Brighouse → Metrotown
81 min
SFU Burnaby via Brighouse → Production Way
88 min
Richmond Centre
38 min
YVR Airport via Brighouse → YVR-Airport
51 min

By car (off-peak)

Downtown Vancouver via HWY 1 / Grandview
18 min
Metrotown, Burnaby via Lougheed Hwy
17 min
SFU Burnaby via Gaglardi Way
26 min
Richmond Centre via No. 3 Rd
4 min
YVR Airport via Bridgeport / Sea Island
5 min

Calculate your commute

322 8120 Colonial Dr, Richmond, BC is ideally located for commuters. The property is 2.9 km from Brighouse, with a 63 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Railway Ave @ Colbeck Rd (0.11 km). Walk Score Transit rating: Some Transit (44/100).

Walkability & Transit Near 322 8120 Colonial Drive

Car-Dependent 52

Walk Score - Somewhat Walkable

Some errands can be accomplished on foot

Some Transit 44

Transit Score - Some Transit

A few nearby public transportation options

Somewhat
Bikeable 55

Bike Score - Bikeable

Some bike infrastructure

Mortgage Calculator for 322 8120 Colonial Drive

/month

Principal & Interest

Property Taxes $93

Maintenance fee 297.43

Based on a 30-year fixed at 4% interest with 20% down ($72,000), the estimated monthly payment for this listing is $1,765/month — $1,375 principal & interest, $93 property tax, $297 maintenance fee.

or Call 778-918-5990

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Investment Cashflow Calculator

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Mortgage Payment

Monthly Payment

Break Even Down Payment 0%

Cap Rate

Cash on Cash

At an estimated rental income of $1,395/month, this property runs a $413/month shortfall after mortgage and carrying costs. Break-even requires approximately 45% down.

All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 322 8120 Colonial Drive, Richmond

Buy Vs Rent Calculator

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Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.