7.3% price reduction
311 8120 Colonial Dr, Richmond, BC
$399,000
Est. Mortgage /mo
MLS® R3073952 · Cherry Tree Place
2
Beds
1
Baths
683
sqft
584
$
/sqft
388.43
$
Maint. fee
1977
built
Property Details & Specs
Discover this quiet and bright 2-bedroom home in Cherry Tree Place, perfectly situated near schools and parks. Overlooking the scenic Railway Greenway walking trail, this home offers a peaceful setting with a functional layout and the convenience of in-suite laundry. With a low maintenance fee, it's an excellent starter home ready for your renovation and design ideas. Make it your own and enjoy the perfect blend of comfort and potential!
Property Timeline
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 12' x 12' ft |
| Main Level | Dining Room | 11'0 x 11'0 ft |
| Main Level | Kitchen | 8'0 x 8'0 ft |
| Main Level | Primary Bedroom | 14'0 x 14'0 ft |
| Main Level | Bedroom | 10' x 10' ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
Listed by: RE/MAX Westcoast
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 & Transit 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
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
Local Info
Estimated Mortgage Calculator
/month
Principal & Interest
Property Taxes
$129
Maintenance fee
0
A 20% down payment of $79,800 on this $399,000 listing yields an estimated mortgage of $1,524/month (30-year fixed, 4%). Total estimated housing cost: $2,041/month, $129 property tax, $388 maintenance fee.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:
Estimated Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment
0%
With $1,627/month in estimated rental income against $2,087/month in mortgage payments, the monthly cashflow is -$460/month. A 45% down payment would reach break-even.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Home Price Evaluation Chart
This Home
$399,000
Richmond
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Boyd Park
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This $399,000 listing sits 4.9% below the Boyd Park average of $419,667 for similar 2-bedroom Apartment/Condos (2 active comparables).
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
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
Property FAQs
What are the closest top-rated schools to 311 8120 Colonial Drive, Richmond, BC?
The closest top-rated schools are Hugh Boyd Secondary School and R M Grauer Elementary School.
Is 311 8120 Colonial Drive, Richmond, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 311 8120 Colonial Drive, Richmond, BC?
With a standard down payment, the estimated monthly mortgage is approximately $2,394.
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