322 8120 Colonial Dr, Richmond BC - Apartment/Condo for Sale - MLS# R3035978

$360,000
Est. Mortgage $1,593/mo
Cherry Tree Place
1 Beds
1 Baths
523 sqft
688 $ /sqft
297.43 $ Maint. fee
1977 built
7.3% price reduction
$360,000
$388,500
Est. $1,593/mo with 20% down
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

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Property Details for 322 8120 Colonial Drive

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!

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 48
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.

Map & Neighbourhood

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

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 322 8120 Colonial Drive

Mortgage Calculator for 322 8120 Colonial Drive

/month
Principal & Interest
Property Taxes $93
Maintenance fee 0
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.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
At an estimated rental income of $1,468/month, this property runs a $339/month shortfall after mortgage and carrying costs. Break-even requires approximately 40% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — Boyd Park, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home $360,000
Richmond Loading...
Boyd Park Loading...

Based on 5 comparable active apartments/condos in Boyd Park, the average asking price is $356,533. This listing is priced 1% above the neighbourhood average. This property is flagged as a Hot Deal (7.3% price reduction) based on its competitive pricing and market demand.

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 Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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