225 8120 Colonial Dr, Richmond, BC | MLS^® R3048359 Property Details

Cozy one bedroom with and in-suite laundry making this a perfect starter home. Nestled in a quite neighbourhood with beautifully manicured landscaping, the unit's balcony faces west with views of Grauer Neighbourhood School Park and Cherry Tree Place pool. Affordable strata fees. Includes 1 parking spot. Rentals allowed. Catchment schools include Grauer Elementary, Hugh Boyd Secondary. Building has elevator access. Unit previously rented out at $1900/month.

General Info

Price $339,000

Total Bedrooms 1

Total Bathrooms 1

Half Bathrooms 0

Floor Area Total (sqft) 528

Lot Size -

Lot Size Depth -

Lot Size Frontage -

Basement None

Basement Features BasementFeatures

Property Metrics

Year Built 1977

Age Of Building 48

Building Type Apartment/Condo

Property Type Residential

Stories 1

Building Amenities Caretaker, Trash, Maintenance Grounds, Management, Snow Removal

Building Features BuildingFeatures

Structures Multi Family, Residential Attached

Additional Details

MLS^® # R3048359

Area Richmond

Neighbourhood Boyd Park

City Richmond

Gross Taxes $1,277.8

Ownership Type Freehold Strata

Maintenance Fee $300.28

Amenities Nearby Caretaker, Trash, Maintenance Grounds, Management, Snow Removal

Heating & Cooling

Fireplace -

Heating Type Baseboard

Utilities

Utility Type Electricity Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer

Water (WaterSource) Public

Parking

Parking Type Front Access

Total Parking Spaces -

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Strata Restrictions Pets Not Allowed,Rentals Allwd w/Restrctns

Pet Restrictions No

Rental Restrictions -

Zoning ZLR 28

Rental Suites -

Laundry In Unit

# of Kitchens 1

Flooring Vinyl

Foundation Other

Interior Features Elevator

View -

View Description -

Units In Development -

Exterior Features Balcony

Sewer Public Sewer, Sanitary Sewer

Roof Other

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	15' x 15' ft
Main Level	Bedroom	13' x 13' ft
Main Level	Kitchen	11' x 11' ft

Listed by: 1NE Collective Realty Inc.

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 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

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

Welcome to 225 8120 Colonial Drive, Richmond, BC - MLS R3048359

As we step into this beautiful community, you'll notice the charm and character that makes living here so special. Let me take you on a tour of the neighborhood, highlighting the best features and amenities that make this a dream home for many.

Schools: The Foundation of a Great Community

The property at 225 8120 Colonial Drive, Richmond, BC (MLS R3048359) is serviced by R M Grauer Elementary School, just a short 0.36 km away. This school has a rating of No Rating, but what's not to love about a community that values education? Families love this area because of its excellent schools and strong sense of community.

But that's not all - Hugh Boyd Secondary School is also nearby, just 1.03 km from this home. This school has a rating of No Rating, but its proximity to this property makes it an excellent option for families.

Safety First: Low Crime Rates

According to the latest crime data from Statistics Canada (2020), this neighborhood boasts an overall crime rate of 7,826.57, which is Average compared to other Canadian cities. This means you can feel safe and secure in your home, knowing that crime rates are under control.

But what about drug crime rates? Unfortunately, the rating is High, with 2,081.96 incidents per 100,000 population. However, year-over-year changes show a decrease of 19.46%, indicating a positive trend.

Property Crimes: Average Rates

On the other hand, property crimes in this neighborhood are Average, with 3,238.66 incidents per 100,000 population. This means that you can still enjoy peace of mind, knowing that property crimes are not a significant concern.

Violent Crime: Low Rates

And the good news doesn't stop there - violent crime rates in this area are Low, with 919.25 incidents per 100,000 population. This is a testament to the community's strong values and commitment to safety.

Transit: Convenient and Accessible

Getting around is a breeze with the Northbound Railway Ave @ Colbeck Rd bus station just 0.11 km away from this property (MLS R3048359).

Demographics: A Diverse and Vibrant Community

This neighborhood is home to a diverse range of residents, with 31.9% of the population holding a university certificate or degree (Above Average in BC). On the other hand, 12.3% of the population has no certificate or degree (Below Average in BC).

Income and Employment: Stable and Secure

The median household income in this area is $63,915 (Average in BC), while the median personal income is $28,335 (Below Average in BC). Unemployment rates are Low at 5.5%, indicating a stable and secure employment landscape.

Real Estate: A Great Investment

The average value of dwellings in this neighborhood is $1,291,699 (High in BC), making it an excellent investment opportunity. Average owner payments are Above Average, with homeowners spending $1,492 per month. Tenants, on the other hand, are paying $1,581 per month (High in BC).

Renter-Friendly: A Balanced Mix

The rental market in this area is balanced, with 27.3% of the population renting (Average in BC). This means that you can choose between owning or renting, depending on your needs and preferences.

Language and Culture: A Welcoming Community

The neighborhood is home to a diverse range of languages and cultures, with 6.6% of the population speaking both English and French (Average in BC). English speakers only make up 83.5% of the population (Below Average in BC), while French speakers make up 0.1% (Low in BC). Neither English nor French speakers account for 9.8% of the population (High in BC).

Transportation: A Variety of Options

Getting around is easy in this neighborhood, with 20.1% of the population using public transport (Above Average in BC), 74.4% using cars (Below Average in BC), 2.4% using bicycles (Above Average in BC), and 1.8% walking (Low in BC).

Conclusion: A Great Place to Call Home

In conclusion, the property at 225 8120 Colonial Drive, Richmond, BC (MLS R3048359) is an excellent choice for anyone looking for a safe, convenient, and vibrant community. With its excellent schools, low crime rates, and diverse range of amenities, this neighborhood has something for everyone.