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$449,000

407 8120 COLONIAL DRIVE

Richmond BC V7C 4V2 - Boyd Park
2 bd
1 ba
687 sqft
Built 1977

About This Property

Investor Alert! Seize this exceptional investment opportunity with a Cap Rate of 4.2% in Richmond's desirable Boyd Park neighbourhood. This 2 bedroom + den, 1 bathroom condo offers 687 sq ft of well-designed living space, making it an ideal addition to any rental portfolio. Fantastic tenants and great monthly rent ($2275) on a long term lease (fixed until May 2027) equals piece of mind. Outdoor pool and well-maintained grounds provides added value. Strong rental demand in the area means low vacancy rates and long-term appreciation. Near the West Dyke Trail, IB Hugh Boyd Secondary and Safeway. One parking included. *some photos virtually staged* OPEN HOUSE SAT May 24th from 2-4pm.

Features

Balcony
Open
Room measurements7 rooms
Primary BedroomMain · 9'2 × 11'11
BedroomMain · 7'2 × 10'11
Living RoomMain · 10' × 10'8
Dining RoomMain · 7'11 × 9'11
KitchenMain · 7'7 × 7'7
DenMain · 3'7 × 5'5
PatioMain · 8' × 10'

Property Details

MLS NumberR3004514
Property TypeApartment/Condo
Bedrooms2
Bathrooms1
Square Feet687
Year Built1977
HeatingBaseboard, Electric
Strata Fee$388.42/mo
StatusClosed
Listed ByStilhavn Real Estate Services

School Catchment

Elementary Grauer
Secondary Boyd

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