407 8120 Colonial Drive, Richmond Listing #: R3004514
$449,000
2 Beds
1 Bath
687 Sqft
1977 Built
$388.42 mnt. fees
Open House: Saturday 24th May: 2:00-4:00pm
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.
Taxes (2024): $1,342.17
Amenities
- Caretaker
- Trash
- Maintenance Grounds
- Management
- Recreation Facilities
- Balcony
- In Unit
- Outdoor Pool
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Listed By: Stilhavn Real Estate Services
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