413 8120 Colonial Dr, Richmond BC - Apartment/Condo for Sale - MLS# R3121549

$395,000
Est. Mortgage $1,747/mo
Cherry Tree Place
2 Beds
1 Baths
690 sqft
572 $ /sqft
390 $ Maint. fee
1977 built
$395,000
$405,000
Est. $1,747/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

Photos

Property Details for 413 8120 Colonial Drive

$45K below gov't assessed value! Discover this quiet and bright Penthouse 2-bedroom 1 bath home at Cherry Tree Place, ideally located near schools, parks, and everyday conveniences. Overlooking the scenic Railway Greenway walking trail, this home offers a peaceful, nature-filled setting right outside your window. Inside, you'll find a functional and well-laid-out floor plan, complete with the convenience of in-suite laundry. With low maintenance fees, this property presents an excellent opportunity for first-time buyers or investors. Move in as-is or bring your renovation ideas to life-this home is a perfect canvas to create your own style and add value. Enjoy the ideal combination of comfort, location, and potential! Open house, May 24, Sunday 2-4pm

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features Elevator
Heating Type Baseboard, Electric
# of Kitchens 1
Flooring Mixed, Tile, Carpet
Foundation Concrete Perimeter

Exterior Features

Exterior Features Balcony
Roof Asphalt
Structures Multi Family, Residential Attached

Building Details

Price $395,000
Total Bedrooms 2
Total Bathrooms 1
Full Bathrooms 1
Half Bathrooms 0
Floor Area Total (sqft) 690
Year Built 1977
Age Of Building 49
Building Type Apartment/Condo
Property Type Residential
Architecture Style Penthouse
Stories 1
Building Amenities Caretaker, Trash, Maintenance Grounds, Management
Building Name Cherry Tree Place
Ownership Type Freehold Strata
Maintenance Fee $390
Community Features Shopping Nearby
Amenities Nearby Caretaker, Trash, Maintenance Grounds, Management
Utility Type Electricity Connected, Water Connected
Utility Sewer Public Sewer
Water (WaterSource) Public
Parking Type Open, Front Access
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Yes With Restrictions
Rental Suites None
Units In Development 198

Lot & Land

MLS® # R3121549
Area Richmond
Neighbourhood Boyd Park
City Richmond
Postal Code V7C 4V2
Gross Taxes $1,608.04
Zoning ZLR28

Property Timeline

Status Date Price
R3121549 / Active 05-08-2026 $395,000
Rooms
Floor Type Dimensions
Main Level Living Room 12'0 x 12'0 ft
Main Level Dining Room 11'0 x 11'0 ft
Main Level Kitchen 9'0 x 9'0 ft
Main Level Primary Bedroom 11'0 x 11'0 ft
Main Level Bedroom 11'0 x 11'0 ft
Main Level Laundry 8'0 x 8'0 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #4

Listed by: Interlink Realty

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

Elementary
R M Grauer Elementary School
0.36 km
Secondary
Hugh Boyd Secondary School
1.03 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
Market Performance

Real Estate Stats for June 2026 in Richmond

REBGV Report city Level
Apartment Benchmark

$676K

6.3% Year-over-Year

Sales (Mo.)

88

-27.3%
Active Inventory

775

+26.2%
Market Climate Buyer's Market

Average Days on Market (DOM) is 54 days.

Buyer's (< 12%) Balanced (12-20%) Seller's (> 20%)

Sales-to-Active Ratio: 11.4%

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 413 8120 Colonial Drive

Mortgage Calculator for 413 8120 Colonial Drive

/month
Principal & Interest
Property Taxes $134
Maintenance fee 390
A 20% down payment of $79,000 on this $395,000 listing yields an estimated mortgage of $1,509/month (30-year fixed, 4%). Total estimated housing cost: $2,033/month, $134 property tax, $390 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%
With $1,611/month in estimated rental income against $2,079/month in mortgage payments, the monthly cashflow is -$468/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.

Price vs Neighbourhood Average — Boyd Park, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home $395,000
Richmond Loading...
Boyd Park Loading...

Based on 3 comparable active apartments/condos in Boyd Park, the average asking price is $397,667. This listing is priced 0.7% below the neighbourhood average.

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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