515 8988 Patterson Rd, Richmond BC - Apartment/Condo for Sale - MLS# R2974863

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Listing updated:
EstateBlock checked:
2 Beds
2 Baths
801 sqft
984 $ /sqft
598.71 $ Maint. fee
2017 built
Closed
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This property sold for
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Listing updated:
EstateBlock checked:

About the building: Concord Gardens

8988 Patterson Road, West Cambie, Richmond

Concord Gardens building details

Building

Built
2017
Homes
246 in 18 storeys
Construction
Concrete
Title
Freehold Strata
Strata plan
EPS4250
Managed by
Rancho Property Management
Parking
Garage: Underground, Garage Underbuilding
Lockers
Limited
Strata fee covers
WaterSnow removalSewerRecreation FacilityManagementHot WaterGasGardeningGarbage PickupCaretaker

Bylaws on record

Pets
Restricted
Cats and dogs OK, max 2
Rentals
Allowed

Market at Concord Gardens

For sale
7
Median ask
$499K
Median $/sqft
$887
Days on market
45
Sold, past year
16
This home

$984/sqft, 10.9% above the building median of $887.

  • Structural warranty runs to 2027 under BC's 2-5-10 new-home warranty.

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

VERIFIED ACCOUNT REQUIRED

Sold price & sold date
Original list price & price changes
Full photo gallery - 40 photos
Days on market & listing history

Map & Neighbourhood

Public Schools

Secondary
A.R. MacNeill Secondary School
2.96 km
Elementary
R. C. Talmey Elementary School
Average 0.58 km 5.2/10
Elementary
R. C. Talmey Elementary School
0.58 km

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

Private Schools

Elementary
Pythagoras Academy
0.94 km
Secondary
City Vancouver Academy
0.75 km

Noise/ Power Lines

Road/Hwy Noise
Unlikely
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

54 / 100
Overall sell-speed score
Moderate pace expected
—
Price competition grade
No comparable data
Balanced
Market conditions
Balanced market — steady conditions
Flood Risk
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely
Road / Highway noise
Unlikely
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How WEST CAMBIE compares
This property
141 DOM
Slower than area
West Cambie avg
52 DOM
Average
Richmond avg
52 DOM
Faster market

515 8988 Patterson Road has a sell-speed score of 54/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. 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.

Nearby Restaurants, Cafes & Shops

Mortgage Calculator for 515 8988 Patterson Road

/month
Principal & Interest
Property Taxes $201
Maintenance fee 598.71
Based on a 30-year fixed at 4% interest with 20% down ($157,600), the estimated monthly payment for this listing is $3,810/month — $3,010 principal & interest, $201 property tax, $599 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

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
At an estimated rental income of $2,748/month, this property runs a $1,110/month shortfall after mortgage and carrying costs. Break-even requires approximately 50% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for 515 8988 Patterson Road, 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.

Price vs Neighbourhood Average — West Cambie, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home
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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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy

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Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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