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CHERRY TREE PLACEListing Information
Sold · MLS® R3004514

407 8120 COLONIAL DR

Richmond · Boyd Park   V7C 4V2
$430,000 (Sold Wed May 28 2025 00:00:00 GMT+0000 (Coordinated Universal Time))
  • 2 Beds
  • 1 Baths
  • 687 Sqft
  • 1 Parking
  • Built 1977
407 8120 COLONIAL DRIVE 1/28
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Les Twarog
★ Building Specialist
Les Twarog
RE/MAX Crest Realty (Westside)RE/MAX
30+ Years Downtown & Westside Expert
604.671.7000 les@6717000.com
📊 Richmond Condo Market ReportView Market Report →
Market data by RealtySuite  ·  Listed by Stilhavn Real Estate Services
PID 001571664 Strata Plan NWS917 Strata Lot 182 Sales History Strata Minutes

Property Description

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.

Property Details

Property Type
Apartment Unit
Style
Multi Family,Residential Attached
Title to Land
Freehold Strata
Year Built
1977
Area
Richmond · Boyd Park
Outdoor
Balcony
Heating / Cooling
Baseboard,Electric
Construction
Frame Wood,Mixed (Exterior)
Parking
Open (1 stall)
Water Supply
Public
Kitchens
1

Financial

List Price$430,000
Gross Taxes$1,342 · 2024
Maintenance Fee$388/mo
✦ Included in the Maintenance Fee
  • Caretaker
  • Trash
  • Maintenance Grounds
  • Management
  • Recreation Facilities

Rooms 7

Patio
Main 10' x 8'
Den
Main 5'5 x 3'7
Kitchen
Main 7'7 x 7'7
Dining Room
Main 9'11 x 7'11
Living Room
Main 10'8 x 10'
Bedroom
Main 10'1 x 7'2
Primary Bedroom
Main 11'1 x 9'2

Features & Appliances

✦ Bylaws & Pets
  • Pets Not Allowed

For Sale in Cherry Tree Place & Complex

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DateAddressStatusBedBathPriceSqftDOMStrata FeeTaxListed By
2026-09-11 204 8020 Colonial Drive Active 2 1 $455,000 ($501/sf) 908 0 $550 $1,943 (2025) Sunstar Realty Ltd.
2026-09-01 413 8120 Colonial Drive Active 2 1 $365,000 ($529/sf) 690 0 $390 $1,608 (2025) Interlink Realty
2026-05-05 214 8140 Colonial Drive Active 3 1 $528,000 ($539/sf) 980 0 $550 $1,944 (2025) Magsen Realty Inc.
2025-08-11 322 8120 Colonial Drive Active 1 1 $360,000 ($688/sf) 523 0 $297 $1,121 (2024) Royal LePage Westside
Avg $427,000 ($551/sf) 775

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Where this information comes from: Listing details, room sizes, features and financials are from the active MLS® listing R3004514, Real Estate Board of Greater Vancouver, listed by Stilhavn Real Estate Services (Michelle Wong PREC*). Listed May 20, 2025. Feed last updated Jul 15, 2025. Building-level information is from the BCCondos.net building database. Measurements are provided by the listing brokerage and are approximate — buyer to verify all data.
Listing photo
Les Twarog
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